Business Ecosystem

Jharkhand- Investment Policies

Industrial Policy-2001

After the creation of the State of Jharkhand on 15th November 2000, to optimally utilise the available resources of the State in a planned manner and to accelerate the industrial development of the State, an Industrial Policy has been formulated. To achieve expected industrial growth, the districts of the State have been categorised into three categories, so as to capitalise the industrial potential through planned utilisation and development of natural and human resources and to gradually increase the employment opportunities.

The Industrial Policy aims at making Jharkhand one of the most preferred destination for investment, both from inside and outside the country and to ensure accelerated implementation of infrastructure related projects, increasing employment opportunities, improving productivity, ensuring homogenous and balanced development of all Geographical regions of the State with emphasis on development of small, tiny and cottage industries.

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Jharkhand Youth Policy 2007

Youth are the key ingredients and most important beneficiaries of national development. They also form the largest segment of the population. The Jharkhand Youth Policy 2007 reiterates the commitment of the State of Jharkhand to promote holistic development of youth in the state in consonance with the National Youth Policy, 2003.

The policy seeks especially to secure the rights of disadvantaged and marginalised youth. They will be assisted to overcome real or perceived discrimination, achieve their personal goals, and meaningfully contribute to national reconstruction and social change. . The policy will help create a positive environment for promoting right of young people, equipping them with knowledge, self-esteem and life skills and advocate for provision of necessary services. A proactive approach, attention to rights, gender responsiveness, focuses on reinforcement of national and civic values, etc. are significant characteristics of this policy.

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Special Economic Zone Policy New

Government of India announced a policy of Special Economic Zones (SEZs) during March 2000 with a view to augment infrastructure facilities for export production. Setting up of Special Economic Zones is permitted in the public, private, joint sector or by the State Governments. These SEZs are to be deemed foreign territory for tariff and trade operations.

With the background of Government of India guidelines for SEZs, the state has formulated its SEZ policy to provide a comprehensive framework for establishment operations and sustainability of SEZs in the state. The concept of SEZ is expected to bring large dividends to the state in terms of economic and industrial development and the generation of new employment opportunities. The SEZs are expected to be engines for economic growth.

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