Jharkhand Industrial and Investment Promotion Policy (2021): Assessing the State’s Strategy for Industrial Growth

Despite being endowed with about 40% of India's mineral wealth, including large deposits of coal, iron ore, copper, bauxite and uranium, Jharkhand has failed to build a diversified manufacturing economy; this is partly because of the state's past reliance on mineral extraction, combined with the lack of industrial infrastructure, qualified workforce, connectivity and investment in non-resource based industries. It continues to rely on mining and primary processing since its creation in 2000. This was made worse by the COVID-19 pandemic; the construction, mining, tourism, automobile and light/heavy engineering sectors are among the state's main sectors that were hit hard, as well as the disruption of supply chains and a decrease in exports. In this background, the Government of Jharkhand has notified the Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021 through Extraordinary Gazette on 13 July 2021 and Chief Minister Hemant Soren formally launched the same during an Investors' Meet in New Delhi in August 2021.




