The Industrial Policy aims at making Jharkhand one of the most preferred destination for investment, both from inside and outside the country and to ensure accelerated implementation of infrastructure related projects, increasing employment opportunities, improving productivity, ensuring homogeneous and balanced development of all Geographical regions of the State with emphasis on development of small, tiny and cottage industries.
Objectives of the policy
- Optimal utilization of agro-climatic, mineral and human resources of the state.
- Promote economic activities to ensure maximum capital investment in the state with the objectives of increasing employment opportunities, improving standard of living of people at large.
- Identification of thrust areas and thrust zones to prioritize the sectors and categorization of backward regions with respect to industrialization.
- Develop the state of art technology and infrastructure so as to ensure planned and accelerated industrial development.
- Ensure Balanced Regional Development so as to prevent socio-economic distortions due to backwardness of any region.
- Encourage and involve private sector participation in the process of planned and rapid industrialization of the State.
- Promote export of such items, in which the state holds advantage vis-à-vis other states.
- Revival of viable sick units.
- Simplification of procedures and to ensure administrative and legal reforms so as to provide hassle free sensitive administration and time bound effective disposal of matters in a transparent manner.
- Take steps to protect and promote rural handicrafts so as to conserve and enrich cultural heritage, traditions and customs of the regions.
- Provide better development opportunities to scheduled castes, scheduled tribes, handicapped, weaker sections and women and to ensure their participation in the development process.
- Promote research and development, technological up gradation and qualitative improvement and utilization of state of art technology to improve product, production and productivity.
Strategy of the policy
The strategies to be adopted for achieving the objectives are broadly as follows:
- Rationalize fiscal concessions.
- Provide adequate good quality infrastructural support at a reasonable cost for efficient functioning of the industrial sector.
- Amend laws/rules for encouraging private sector participation in various sectors.
- Simplify rules, regulations and procedures to remove bottlenecks for smooth functioning of the industrial sector.
- Improve the quality of services to entrepreneurs with sharp focus upon SC/ST categories, handicapped and women to encourage them to actively participate in the developmental process.
- Introduce latest scientific data collection system to make the planning process more realistic.
- Make the "Single Window System" more effective at the district, the industrial area and State level.
- Strive to put in place appropriate arrangements for ensuring timely and adequate flow of credit to industries, specially the SSI sector.
- Assist Industrial Sector in their marketing efforts by providing adequate support services backed by appropriate enabling provisions in the legislations/ rules.
- Facilitate availability of technical and financial support for modernization through increased access to Research & Development facilities.
- Give thrust to entrepreneurship development through Establishment of Entrepreneur Development Institute (EDI) and other specialized institutions.
- Diagnose incipient sickness and initiate timely measures for revival of sick industries and develop a monitoring system at district level to avoid sickness in industry.
- Identify the area of concentration of traditional skills and provide training, improve design, technological backup and marketing support. Development of "Craft Villages" and organizing "Craft Bazaars" to provide adequate market access to artisans and craftsmen.
- Encourage setting up fruit processing, vegetable processing, spice processing, horticulture and other food processing industries in the State by providing special incentives and basic infrastructure to these industries.
- Develop industrial park for specialized activities in the field of information technology, tassar/mulberry, lectronics, plastic, chemicals, biotech and herb, export and food processing with adequate power, water, communication, transport and other common facilities.
- Emphasis on small power generating units and developing non-conventional sources of energy through private participation.
- Encourage development of consumer-oriented industries such as Plastic, Herbs, Drugs, Leather, Handloom, Handicrafts, Khadi, etc.
- Issue of notifications by various concerned Departments to give effect to the strategies of the policy.
- Institutionalization of Monitoring and Evaluation mechanism.
- Mid-term review of implementation of this policy to ensure timely and appropriate corrective actions.