Investment Opportunities in Ranchi

Jharkhand state is rich in mineral resources. Mineral deposits of iron, fire clay, Coal Industry in Ranchicopper, dolomite, quartz, gold, silver, bauxite, graphite, mica and magnetite are found here. The green forest cover and many important rivers flowing through the region along with fertile soil and favourable climatic conditions render the state where farming comes naturally and easily as a source of livelihood to almost 80% of the population!

Ranchi, being the capital of Jharkhand, is the political and industrial hub of the state. The city is expanding at an alarming rate with small and medium scale industries setting up business units here. The Government too has made requisite efforts to rake up investment opportunities in Ranchi. This will generate employment opportunities for the youth, improve the quality of life and lead to further development of the state.

Ranchi has a number of premier technological institutes which can provide skilled manpower required by the industry. There are many reasons which favor  business investment in Ranchi. These include:

  • Existing industrial base.
  • Abundant mineral resources.
  • E-governance.
  • Very vast consumer market.
  • Government schemes and policies.
Due to rapid industrialization, the living standard of people has improved. Demand for white goods like washing machines, air conditioners, refrigeratorsRanchi’s Coal Mining etc. is increasing very rapidly. Road and rail services are satisfactory for transport of raw materials and finished products inside and outside the state. Industries such as Timkin, Tinplate, Cummins, Usha Martin etc. are doing well and serve as torch bearers for others to set up units here. Many industrial units are engaged in mining and coking coal activities.

The state government has launched schemes which have made procedures for grant of mining lease easier. The state government has signed Memorandum of Understanding (MoU) with government of India and has come up with welcome reforms in the power sector, started modernizing existing units and infrastructure. Even the tourism sector has been bestowed with 'industry status' to facilitate investment. There is rural tourism, adventure tourism, heritage tourism, mining tourism and spiritual tourism to choose from.The state government has promoted Public-Private-Partnership (PPP) in the development of tourist destinations and increased public amenities for the convenience of the tourists.

Investment Opportunities in Ranchi’s HorticultureThe advent of Information Technology too has transformed the face of Ranchi. The Information Technology Park in Ranchi is a glowing example of this advancement. Investment opportunities exist in agro-based industries such as tea cultivation, paper, horticulture, processing and packaging, floriculture and fabrics like jute, hemp etc. The weavers have been trained to work in the area of hand loom and handicrafts. They are supplied with equipment and raw materials at  subsidized rates. Investment opportunity lies in business of bamboo, kendu leaf, sal seed and mahua seed too.

Jharkhand State Industrial Policy 2012 envelopes a number of policies for safeInvestment Opportunities in Ranchi’s Small Scale Industories investment by industrial houses. Setting up of Special Economic Zones (SEZs) are permitted in private, public and joint sector or by state government. Advantages of investing in Ranchi include proximity to raw materials and a large market base in and around Ranchi stretching to states of West Bengal, Orissa and Bihar.

The state government has invited financial institutions and private sector banks to provide financial services to various industrial units. The State Level Institutional Committee offers a forum to small and medium industries in order to discuss problems faced by the units and small entrepreneurs. The investment opportunities in Ranchi look bright with support from government, positive outlook of investors and enthusiasm among indigenous people.

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