The delegation led by Chief Minister Hemant Soren, which visited Spain and Sweden, invited investors to invest in the mining sector, especially in mineral equipment manufacturing and auction of mineral blocks. Mines Secretary Arwa Rajkamal and Mines Director Rahul Kumar Sinha gave detailed information to the investors through PPT.
It was told through the officials who went to the delegation that Jharkhand state is one of the states in the country, which is rich in natural mineral wealth. This state has about 40 per cent 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.
The state 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 a very important role in the mineral map of the country.
There is a wide distribution of mineral resources in different divisions of Jharkhand. There are extensive reserves of minerals in many districts of the state, which not only gives the state an edge in mineral production, but also provides great opportunities for industries.
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 such as drilling rigs, articulating trucks, bulldozers, draglines, drill machines, haul trucks, loaders, motor graders and excavators can become a major industry sector. Apart from this, there are also golden opportunities for investment in the manufacturing of mineral processing and purification equipment such as grinding equipment, magnetic separators, thickeners, clarifiers etc. There is also immense potential 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 investments. Special concessions are being given for large 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 many ready opportunities in mineral exploration too.