Under the leadership of Chief Minister Hemant Soren, the Jharkhand government invited investors from Spain and Sweden to invest in mining equipment manufacturing and mineral block auctions, along with attractive incentive schemes.
Jharkhand: A Jharkhand state delegation, led by Chief Minister Hemant Soren, recently visited Spain and Sweden, inviting investors to explore opportunities in Jharkhand's mining sector, specifically in mineral equipment manufacturing and mineral block auctions. The state's abundant mineral wealth presents a compelling proposition for investors.
Jharkhand's Mineral Wealth
Jharkhand boasts reserves of valuable minerals such as coal, iron ore, copper, bauxite, limestone, dolomite, quartzite, manganese, uranium, china clay, graphite, soapstone, fire clay, phosphorite, apatite, quartz, feldspar, gold, and pyrophyllite. The state holds the distinction of being the sole producer of coking coal in India. Jharkhand accounts for approximately 40 percent of India's total mineral resources.
The state ranks second in coal reserves, second in iron ore, third in copper ore, and seventh in bauxite. These figures highlight the significance of Jharkhand's mining sector, not only for India but also on a global scale.
Investment Opportunities in Mining Equipment Manufacturing
The widespread distribution of minerals across various districts in Jharkhand fuels the state's mining output and creates significant opportunities for industries. The potential for growth in mining equipment manufacturing is equally substantial.
The state offers potential for manufacturing equipment such as drilling rigs, articulated trucks, bulldozers, draglines, drill machines, loaders, motor graders, and excavators, creating a large industrial sector. Furthermore, there are excellent investment opportunities in the manufacturing of mineral processing and purification equipment, including grinding equipment, magnetic separators, thickeners, and clarifiers.
Investor-Friendly Environment
The Jharkhand government has implemented several attractive schemes to attract investment. The government has introduced various incentive schemes for large industries in the state, including special concessions for MSMEs. To enhance ease of doing business, the Jharkhand Integrated Mines and Minerals Management System (JIMMS) has been implemented, providing digitalization and transparency to mining operations.
Additionally, the state government is prepared to attract investors through the auction of mineral blocks, presenting numerous ready-to-explore opportunities. Chief Minister Hemant Soren described this as a golden opportunity for investors from India and across the globe.
