Economy Of Ranchi
Economy in Ranchi includes agriculture, tourism, mineral resources and industries. Jharkhand is predominantly a tribal state and nearly 80% of population is engaged in agriculture. Moderate climate aids cultivation of crops such as bajra, wheat, sugarcane, til, oil seeds, pulses etc. Fruits and vegetables are brought fresh to the market. These include brinjal, ladies finger, tomato, gourd, lemons and fruits such as papaya, mango, litchi etc. flood the markets with their color and aroma.
Farmers resort to traditional ways of cultivation, although government has made efforts to educate them in the use of technology for better yield. For instance, farmers plant legumes with other crops. This facilitates nitrogen fixation and makes the soil fertile. So, gram is planted with mustard or wheat. Animal dung is used as manure which is natural and harmless. ''doba'' are dug out and lined with polythene for rain water harvesting.
However, there are some major constraints for the farmers. They find it difficult to cultivate crops in hilly terrains, plateaus and valleys as it leads to soil erosion. Declining soil fertility due to depletion of carbon content in the soil is another major factor. Most of the farmers do not have access to good quality seeds and electricity. The risk that the farmers undertake is very high whereas insurance coverage is negligible.
Efforts by the government has brought respite to the farmers, nevertheless. ''Kisan Kushali Yogna'' allows them to rear livestock along with producing dual crop. ''Krishi Bazaar Samiti'' marketing complex at Ranchi is a boon for farmers. National Agricultural Insurance Scheme provides financial security to these farmers. Under the ''Mukhya Mantri Kisaan Credit Card Yojna'', interest subsidy is provided to farmers who repay their loan within specified time framework.
Central Processing Units were established for dying, finishing and processing. Urban ''haat'' were set up for sale of products. Assistance was provided to rural industries like , sericulture, handicrafts, khadi and textile.
Jharkhand Industrial Policy 2012 includes fiscal concession and benefits, single window system for time bound clearance, development of industries and infrastructural development and opening of ancillary units by mega industries etc. Ranchi has become a hub of medium and large industries owing to abundance of mineral resources and man power. The youth has got advantage of employment opportunities in their own home town.
Industrial environment has improved owing to globalization, privatization and liberalization. Sick Units have been taken care of. There is stress on PPP (Public-Private-Partnership) in the field of infrastructural development and human resource development.Special incentives have been announced for the benefit of SC/ST and women entrepreneurs. The industries are upgraded themselves and received ISO 9000/14000 certifications. It is also imperative for the industries to strictly adhere to pollution control norms.
Ranchi Industrial Area Development Authority (RIADA) engaged in the development of Industries in Ranchi. It provides assistance pertaining to arrangement of loans and banking finance and project selection along with location including supply of power and water to new and upcoming Industrial Units in Ranchi.
Farmers resort to traditional ways of cultivation, although government has made efforts to educate them in the use of technology for better yield. For instance, farmers plant legumes with other crops. This facilitates nitrogen fixation and makes the soil fertile. So, gram is planted with mustard or wheat. Animal dung is used as manure which is natural and harmless. ''doba'' are dug out and lined with polythene for rain water harvesting.
However, there are some major constraints for the farmers. They find it difficult to cultivate crops in hilly terrains, plateaus and valleys as it leads to soil erosion. Declining soil fertility due to depletion of carbon content in the soil is another major factor. Most of the farmers do not have access to good quality seeds and electricity. The risk that the farmers undertake is very high whereas insurance coverage is negligible.
Efforts by the government has brought respite to the farmers, nevertheless. ''Kisan Kushali Yogna'' allows them to rear livestock along with producing dual crop. ''Krishi Bazaar Samiti'' marketing complex at Ranchi is a boon for farmers. National Agricultural Insurance Scheme provides financial security to these farmers. Under the ''Mukhya Mantri Kisaan Credit Card Yojna'', interest subsidy is provided to farmers who repay their loan within specified time framework.
Tourism:
The tourism sector contributes its portion of revenue as tourists visit Ranchi and are enthralled to visit temples, waterfalls, wildlife sanctuaries, museums and other monuments.Industries:
There are a number of small scale and big industries in Ranchi. The industrial Policy 2001 gave a boost to economy. Small Scale Industries like sericulture, handicrafts and hand loom received marketing assistance. Software Technology Park was set up in Ranchi.Central Processing Units were established for dying, finishing and processing. Urban ''haat'' were set up for sale of products. Assistance was provided to rural industries like , sericulture, handicrafts, khadi and textile.
Jharkhand Industrial Policy 2012 includes fiscal concession and benefits, single window system for time bound clearance, development of industries and infrastructural development and opening of ancillary units by mega industries etc. Ranchi has become a hub of medium and large industries owing to abundance of mineral resources and man power. The youth has got advantage of employment opportunities in their own home town.
Industrial environment has improved owing to globalization, privatization and liberalization. Sick Units have been taken care of. There is stress on PPP (Public-Private-Partnership) in the field of infrastructural development and human resource development.Special incentives have been announced for the benefit of SC/ST and women entrepreneurs. The industries are upgraded themselves and received ISO 9000/14000 certifications. It is also imperative for the industries to strictly adhere to pollution control norms.
The International Airport in Ranchi which was recently inaugurated speaks volumes about development and economy in Ranchi. Development of road and rail network has also improved. Business and transport of finished products to and from Ranchi has become easy. Most of the government departments have been computerized.
Names of Industries in Ranchi:
- Chotanagpur Rope Works Private, Namkum
- Pragati Chemicals, Namkum
- Heavy Engineering Corporation, Dhurwa
- Bharat Mineral and Ceramic Ind., Mahilong
- Waxpol Ind. Limited, Tatisilway
- Pelriwal Hydrocarbon and Chemicals Private Limited, Mahilong
- Balaji Wire Ind., Mahilong
- Shivnarayan Jaiswal Peivate Limited, Ranchi
Ranchi Industrial Area Development Authority:
Ranchi Industrial Area Development Authority (RIADA) engaged in the development of Industries in Ranchi. It provides assistance pertaining to arrangement of loans and banking finance and project selection along with location including supply of power and water to new and upcoming Industrial Units in Ranchi.
Small Scale Industries in Ranchi:
| Name of Industry |
Products |
Phone Numbers |
| A Three Agrotech |
Floriculture, vegetable cultivation and nurseries |
+91-651-2283912 |
| Alcast |
Die Casting, Non-ferrous Pressure & Gravity Die Casting, Zinc Die Casting |
+9162275864 |
| Anand Chemicals |
Alumina Ferric Grade 1 and Grade 2, Bleaching Powder, water related consultancy |
+91-651-2290655, 229013 |
| Bharat Minerals & Ceramic Industries |
High Alumina Refractories, Acid Resistant Bricks & Mortar, Coke Oven Bricks & Shapes, Silliminite Bricks & Mortar |
+91-651-2265848 |
| CPC Equipments Pvt. Ltd. |
Project Engineers, Manufacturer & Dealers of Crushing & Screening Equipments and Spares. |
0651-2200438 |
| Doyen Flyash Blocks |
Blocks and Bricks | +919431584066 |
| Eastern Engineering |
Swing Grinder, motorized Gas Cutting Set, Number of manual gas cutting
sets, gas welding sets, portable grinders and other tools |
0651-6455692 |
| Kiran Enterprises |
Herbal Cosmetics |
+91-651-2205971, 2202982 |
| Lakhotia Plastic Industries |
Plastic film, Plastic granules etc. |
+ 91-651-2543284 |
| Mangalam Lubricants | Diesel & Petrol Engine Oils, 4-Stroke Engine Oils, 2-T Self Mix Oils, Hydraulic Oils, High Temperature Lithium Based Greases | +91-651 2252066, 6454066, 2290600 |
| Markad |
Printing, Fabrication, LED Signages, Retro Reflective Signages |
0651-2500596 / 2253146 / 2251596 |
| Meditron |
AC & DC drive, systems engineering, supply & commissioning. | +91-651-2275875 |
| Miki Wire Works | Wire Ropes for Hoist, Cranes, Mining, General Engineering, Small Chords, Marine, Fishing, Colliery Haulage etc. |
+91-651-2213625, 3292898, 3290214 |
| National Engineering Works | Mechanical, Technological Structures , High Pressure Nozzles, Burners,
Heat Exchangers , Bucket Elevators,Sprockets , perforated plates,
Hoppers, Skip Hoist (Complete System) |
+91-651-2290814, 244102 |
| Precision Engineering |
Exactness machined components and sub assemblies for Indian Defence |
+9-651-2275747 |
| Parrot Masala | Natural spices, Blended spices Papad and many other agro products |
+91-651-2260750 |
| Plexpo Industries (India) Pvt. Ltd. | PVC pipes |
0651-2544192, 2543419, 2231726, 2231038 |
| Rotostore Tanks | Vertical Cylindrical Tanks, Vertical Cylindrical, Loft Tanks, Hexagonal |
+91-651-2209627 |
| S.K.Pump Industries |
Hand Pumps, Treadle Pumps, Pipes, Accessories & More |
0651-3299185 |
| Shree Shakambari Rice Mill Pvt. Ltd. |
Rice, Rice bran, Rice husk |
0651-2291707, 6000158 |
| Stech Control & Automation |
Mimic panels, Demand monitoring panels, Ac/dc drive panel, Control desk ETC, ACB panel | 0651-2275678 |
| Transgietz Enterprises |
Power & Distribution Transformer, Control Panels, Accessories, Field Switch, Reactor, Power Distribution Boards |
06512306187, 2275824 |