Overview
The Jharkhand Automobile and Auto-component Industries Policy 2016 aims at creating favorable atmosphere for setting-up of automobile and auto-component manufacturing units in the state through creation of infrastructure facilities, skilled manpower, encouragement of capital investment and technology up-gradation, development of marketing network, development promotion, grants and concessions.
The main objectives of this policy are:
- To make Jharkhand as most preferred destination for automobile and auto-component manufacturing units in Eastern India.
- To create additional employment opportunities for 50,000 personnel in this sector by 2020.
- To attract mega automobile projects in the state and promote the establishment of new auto-cluster and strengthening of existing auto cluster in the state.
- To encourage establishment of Tier-1, Tier-2 and Tier-3 auto-component manufacturers in the state, so as to create direct and indirect employment opportunities and to promote local entrepreneurship.
- To identify and address the existing infrastructure gaps affecting the automobile and auto-components industry.
- To augment the talent pool to meet the long term skilled manpower requirements of this industry and to encourage Public-Private-Partnership initiatives and Industry-Institution partnerships in skill development.
