Delegates inform Spain, Sweden entrepreneurs on attractive schemes
Industry Secretary and other officials explained in detail the results of Sweden and Spain visit
Ranchi, May 5: The delegation led by Jharkhand Chief Minister Hemant Soren, who went on a tour to Spain and Sweden, invited investors to invest in the mining sector, especially in mineral equipment manufacturing and auction of mineral blocks.
Mines secretary Arava Rajkamal and mines director Rahul Kumar Sinha gave detailed information to the investors through power point presentation.
Officials said that Jharkhand is one of the states in the country which is rich in mineral wealth. This state boasts about 40% of the total mineral resources of India. Jharkhand ranks fifth in the country in the field of mineral production and its mineral wealth strengthens the economy of India. Jharkhand is the only producer of coking coal
Jharkhand is rich in many precious minerals like coal, iron, copper, bauxite, limestone, dolomite, quartzite, manganese, uranium, china clay, graphite, soapstone, fire clay, phosphorite, apatite, quartz, feldspar, gold and pyroxenite. Jharkhand has the distinction of being the only producer of coking coal. Apart from this, the state ranks second in coal reserves in the country, second in iron ore, third in copper ore and seventh in bauxite. All these facts make it clear that Jharkhand plays an important role in the mineral map of the country.
Officials informed that with the development of the mining sector, there are immense possibilities in Jharkhand in mining equipment manufacturing. Manufacturing of mining exploration vehicles and equipment like drilling rigs, articulating trucks, bulldozers, draglines, drill machines, haul trucks, loaders, motor graders and excavators can become a big industry sector.
Apart from this, there are golden opportunities for investment in the manufacturing of mineral processing and purification equipment such as grinding equipment, magnetic separators, thickeners, clarifiers, etc. There are also immense possibilities in the manufacturing of vehicle equipment as well as transport means such as belt conveyors, motor scrapers, etc.
Investors were told that Jharkhand is one of the largest automobile manufacturing clusters in Asia.
The state government has implemented several attractive incentive schemes to attract investment. Special concessions are being given for big projects and MSMEs. To promote ‘Ease of Doing Business’, the state government has implemented ‘Jharkhand Integrated Mines and Minerals Management System’ (JIMS), which is ensuring digitization and transparency of mining operations. The state government is attracting investors through auction of mineral blocks. There are also many ready opportunities in mineral exploration.
