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Jharkhand's new industrial policy to focus on SMEs

  • Giving emphasis on development of small and medium-scale industries as well as skill development, Jharkhand's new industrial policy, would be a growth-oriented policy, said a senior official.
  • "The policy will lay emphasis on sectors such as food processing, automobile, textiles and Information technology," A P Singh, secretary (industry) of government of Jharkhand, said adding that the policy is ready and in the cabinet for approval.
  • In the town for a CII programme, the official said these economy-driven industries require less land and generate more employment.
  • The new policy has provision to grant special incentives with a sole motive to ensure fast industrial growth in the mineral-rich Jharkhand.
  • Hailing the steps initiated by the state government to achieve all round development, Singh said, "We have plans to set up 50 more Industrial Training Institutes (ITI) in the state".
  • Besides, the new policy will encourage private entrepreneurs to develop industrial estates in Jharkhand, 40 percent of which will be to promote small and medium enterprises (SMEs).
  • Referring to the industrial scenario in the state, Singh said they have proposals for project worth Rs 75,000 crores including the cement sector.


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