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1.1 The newly carved out resource rich State
of Jharkhand is widely acclaimed as the region of the future, having
immense potential for industrialisation with its large deposits of
minerals, which could provide a firm launching pad for various
industries. It is one of the richest zones of minerals in the world. As
large as 40% of the total minerals of the country are available in this
State. The State is the sole producer of cooking coal, uranium and
pyrite. It ranks first in the production of coal, mica, kyanite and
copper in India. The geological exploration and exploitation of gold,
silver, base metals, decorative stones, precious stones, etc. are the
potential areas of future.
1.2 Jharkhand is also endowed with other resources such as surface and
ground water, land with immense bio-diversity, moderate climate,
disciplined and skilled manpower, adequate availability of power, which
are the basic essentials for the growth and development of industries.
1.3
The State Government firmly believes in maximising capital
investment in the State for its accelerated economic development and
generation of employment opportunities. The State Government is
committed to create an environment conducive to growth of industries in
the State. It is determined to encourage investment in the industries
based upon the State’s agro-climatic, mineral and manpower resources
as also in development of infrastructure.
1.4
The Government of the nascent State of Jharkhand, in consonance with
the need and aspirations of the local populace and entrepreneurs, the
changes taking place in the global and national economic scenario and
the competition at the national and international level has found it
expedient to formulate an Industrial Policy for attracting investment
including foreign investment in identified thrust areas with a focus
upon the Balanced Regional Development as also for creation of essential
infrastructure including that for power generation.
1.5 The Government is committed to facilitate rapid, accelerated and
planned industrial growth of the region. It shall provide the required
infrastructure, simplified mechanisms, sensitive and proactive
Government machinery and a friendly atmosphere for industrial growth in
the State. It is determined to bring the Industrial Development of
Jharkhand at par with leading industrially developed states of the
country by 2005.
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