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Steel companies urge govt to expedite lease renewal of iron ore mines | Ranchi News


The manufacturers have estimated that steel production in Jharkhand has dropped by nearly 26% from the last fiscal.
RANCHI: At a time when the state government is attempting to woo investors in automobile, food processing, apparel and other sectors through the newly approved Jharkhand Industrial and Investment Policy of 2021, a major chunk of the state’s steel manufacturers, who do not have captive iron ore mines, have sought the government’s intervention in ensuring seamless supply of raw material for production.
Front-ranking steel manufacturing companies based in Bokaro and Giridih, which manufacture pellets, iron wires, duct pipes and TMT bars, have claimed their production is being hampered due to the state mining department’s delay in renewing the leases of the state’s merchant iron ore mines. ....

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Cabinet gives nod to new industrial policy with focus on 20 key sectors | Ranchi News


Ranchi: The state cabinet on Tuesday gave its nod to the new Jharkhand Industrial and Investment Policy (JIPP) 2021. The new policy will replace the existing Jharkhand Industrial Policy of 2016, which was adopted during the tenure of former chief minister Raghubar Das.
“The JIPP will be in effect for five years. Through this policy, the government aims to fetch investments worth Rs 1 lakh crore in the state and provide employment to 5 lakh people,” cabinet secretary Vandana Dadel said.
As reported by the TOI in March this year, the JIPP aims to focus on 20 sector specific industries, of which eight have been termed high-priority sectors. These include apparels, automobile, auto components and electric vehicles, agro-food processing and meat processing, pharmaceuticals and electronic systems and design manufacturing (ESDM). ....

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Sarkari Jobs in Jharkhand State cabinet clears new industrial policy aims to create 5 lakh jobs

Sarkari Jobs in Jharkhand State cabinet clears new industrial policy aims to create 5 lakh jobs
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Govt mulls policy to boost industry sector, entrepreneurs seek reforms | Ranchi News


Ranchi: The state government is banking on formulation of new policies and setting up new infrastructure for boosting Jharkhand’s manufacturing and industrial sector in the coming weeks.
While the final draft of the new Jharkhand Industrial and Investment Promotion Policy (JIPP) is due to be tabled before the state cabinet for its approval, the state industries department is currently formulating four new sector-specific policies in an attempt to draw investments.
“Consultations with stakeholders, which include trade and commerce bodies and members from the MSME and heavy industries fraternities, have been completed. We are due to put up the JIPP before the cabinet very soon for its approval,” said a senior officer in the department on anonymity. ....

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