Jharkhand govt approves Industrial and Investment Policy 2021

The Jharkhand government approved the new Industrial and Investment Policy 2021 to attract fresh investments in the state on Tuesday, Chief Minister Hemant Soren told the media. The approval to the policy was given in a meeting of the state cabinet, chaired by Soren. Showcasing Jharkhand as one of the most attractive investment destinations earlier in March this year, the state government had urged industry players to come forward to invest in proposed projects with an investment potential of Rs 1 lakh crore and reap rich dividends. It said that it was ready to provide lucrative sops to industry players to invest in the state that alone houses India's 40% mineral wealth and 33% of forest cover. Jharkhand ranks second in the country in the production of tomatoes, sixth in cabbage, okra and cauliflower, fifth in peas and beans and has over 175 minor forests produced with 33% forest cover apart from being a mineral-rich state. The policy involves sops, land, and subsidy for investors. The Jharkhand government also approved a proposal to provide an incentive amount, equal to one month's honorarium, to outsourced personnel deputed for coronavirus related work in the control rooms of Covid hospitals, among others. Image Source Also read: Jharkhand bags first rank in govt’s Smart City Mission ranking