Jharkhand unveils policy push to draw Rs 1 lakh crore investment

Jharkhand has unveiled a policy push to draw Rs 1 lakh crore in investment through new industrial and textile policies.

The drafts, released by the Industries Department, are open for public consultation on the state’s Single Window Portal.

The state expects more than 25,000 jobs to result from the two policies.

MSMEs would be eligible for 20 percent of fixed capital investment up to Rs 15 crore, with non-MSME units receiving 25 percent up to Rs 30 crore.

The final versions are expected within a fortnight after stakeholder feedback is considered.

Non-MSME units would receive 25 percent of fixed capital investment, capped at Rs 30 crore, under the same draft.

Entrepreneurs from Scheduled Castes, Scheduled Tribes, women and differently-abled entrepreneurs would get an additional 5 percent benefit.

The textile draft proposes a 20 percent subsidy on fixed capital investment, with a cap of Rs 50 crore.

The textile draft also offers 100 percent reimbursement of net SGST for seven years, followed by 40 percent for the next three years.

Wage support of Rs 5,000 per month for male workers and Rs 6,000 per month for female workers is proposed for textile units.

Training assistance of up to Rs 13,000 per trainee is part of the proposed incentive package.

The drafts also propose electricity tariff and duty reimbursements, along with reimbursement of stamp duty and registration charges.

The state expects the combined policy push to generate more than 25,000 employment opportunities across manufacturing and textiles.

The two drafts are the Jharkhand Industrial Investment Promotion Policy 2026 and the Jharkhand Textile, Apparel and Footwear Policy 2026.

The Directorate of Industries has uploaded both drafts on the Jharkhand Single Window Portal to invite comments from industry bodies, businesses and the public.

Officials have said the final frameworks are expected to be completed within the next fortnight, after stakeholder feedback is reviewed.

Steel plant, Jamshedpur, Jharkhand (representative image), Wikimedia Commons, CC BY 4.0