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.
