Investment Opportunities in Jharkhand

Jharkhand experiences a predominantly tropical climate, characterised by an annual average rainfall of around 900 mm. The state has three different seasons. The period from March to mid-June experiences elevated temperatures. In May, the lowest temperatures range from 20 to 25 degrees Celsius, while the daily highs reach around 37 degrees Celsius. The most pleasurable period of the year occurs during the frigid climate season, spanning from November to February. The minimum temperature ranges from 10 to 24 degrees Celsius. The period from July to September experiences the highest level of precipitation. It is responsible for almost 90% of the state’s overall precipitation.
Jharkhand, like other regions in India, grapples with the consequences of El Niño on its agricultural landscape. The state’s vulnerability to insufficient rainfall necessitates strategic measures to safeguard its agricultural sector and ensure food security for its residents.

As per ISFR 2021, 29.76% of the state’s geographical area is covered by forest, which comes out to be approximately a total forest area of 12,282 sq. km."

Climatic Advantage

The population of Jharkhand is 32,988,134. The sex ratio of the state is 899/1000, and the population density is 414 persons per sq. km.

Males make up 27.1% of the workforce in agriculture, which is lower than India's percentage, while females make up 70.1%, which is higher than India's percentage of 59.9%. The percentage of workers engaged in industries for males is 38.9%, which is above the percentage of India, and that for females is 17.6%, which is above the percentage of India, which stands at 16.5%. The percentage of workers engaged in services for males is 34%, which is above the percentage of India, and that for females is 12.3%, which is below the percentage of India, which stands at 23.6%."

Demographic Advantage

As per the Rural Health Statistics, the number of sub-centres (rural) was 3,848; the number of primary health centres (rural) was 291; the number of primary health centres (urban) was 70; the number of community health centres (rural) was 171; the number of community health centres (urban) was 7; the number of district hospitals was 21; and the number of health and wellness centres was 4,421. The state also has 8 postgraduate medical colleges, including AIIMS Deoghar.

Healthcare Facilities

The state's education expenditure as a percent of GSDP for the year 2022-23 according to the RBI is 14.6%. The literacy rate according to the 2011 Census is 66.4%, out of which the the male literacy rate is 76.8% and that of females is 55.4%. The total number of schools was 44,855, out of which 37,015 were Govt schools and 1,559 were private.

The number of universities, according to the All India Survey of Higher Education 2021-22, was 33, and the number of colleges was 366. Out of the 366 colleges, 159 were government and 177 were private colleges.

The gross enrollment ratio of Jharkhand for elementary schools is 97%, for secondary schools is 68.4%, for senior secondary schools is 46.4%, and for higher education is 17%. According to the Ministry of Skill Development & Entrepreneurship, there are 347 Industrial Training Institutes in Jharkhand.

Important Institutes - IIT-ISM Dhanbad (3rd oldest), XLRI Jamshedpur (olded B-school of India), IIM Ranchi, NIT Jamshedpur, IIIT Ranchi, AIIMS Deoghar, RIMS Ranchi.

Educational Facilities

To promote research in higher education the government will introduce the Jharkhand Student Research and Innovation Policy, 2025. Two universities for skill and fin-tech will also be established.

According to the Ministry of Skill Development & Entrepreneurship, there are 347 Industrial Training Institutes in Jharkhand.

Technology & Advancement

Jharkhand has enormous potential for industrialisation. With its large deposits of minerals, it provides a solid launching pad for all kinds of industries. With 40% of the nation's mineral reserves, the state government is committed to rapid development due to its location advantage.

There are 26 mega industries, 106 large and medium industries, and 18,109 micro and small industries in the state with an approximate investment of INR 28,424.06 Cr and ~63,000 people are employed in these industries. Steel production in the state has increased from 8 Mn Tonnes to over 12 Mn Tonnes per annum. Jharkhand is presently producing about 20–25% of the total steel production in the country. With the proposed expansion of a number of integrated steel plants, the state will be producing over 25 MT of steel. Even various types of auto-grade steels, which were earlier being imported, are now being produced within the state. Similarly, the production of alumina in the state has increased from about 80,000 metric Tonnes to over 200,000 metric Tonnes. Significant enhancement has also been achieved in cement and clinker production.

The total length of roads in Jharkhand is 12,736 km. As of December 2023, the road density has surged by 8.60 km per 1000 sq. km. There are 02 domestic airports in Jharkhand, at Ranchi and Deoghar.

Infrastructure

Jharkhand has a total installed renewable energy capacity of 420.24 MW, comprising 4.05 MW of small hydropower, 19.10 MW of biopower, 187.09 MW of solar power, and 210 MW of large hydropower. Jharkhand enjoys a bountiful supply of solar radiation. Across most parts of the state, the average solar radiation ranges between 4.5 kWh/m2 and 5.5 kWh/m2, creating an optimal environment for the deployment of solar pumps for irrigation purposes in remote areas.

According to the Energy Statistics 2023, the state has a potential for renewable power of 18508 MW. This includes small hydropower with a potential of 228 MW, biomass power with a potential of 90 MW, waste-to-energy with a potential of 10 MW, and solar energy with a potential of 18,180 MW.

The state is also adopting EVs; as per the data released by the Ministry of Road Transport & Highways, the total number of EVs in Jharkhand is 36,759.

STATE Jharkhand

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STATE Jharkhand

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