Recent Developments

• In August 2023, TCPL Green Energy Solutions (TCPLGES), a wholly-owned subsidiary of Tata Cummins Private Limited (TCPL), signed a Memorandum of Understanding with the Government of Jharkhand to set up a manufacturing plant to produce low-to-zero-emission technologies for mobility solutions and announced to invest Rs. 350 crore (US$ 42 million) over the next few years.
• In four years (2018-19 and 2021-22), Jharkhand attracted new investment proposals of over Rs. 1.10 lakh crore (US$ 13 billion) completed projects of Rs. 52,893 crore (US$ 6.45 billion), and revived pending proposals worth Rs. 287.45 crore (US$ 35.1 million), according to the study jointly conducted by the MSME Export Promotion Council and the Confederation of Organic Food Producers & Marketing Agencies (COII).
• Union Minister of Roads Transport and Highways, Mr. Nitin Gadkari, in March 2023, promised to bolster infrastructure in Jharkhand and asserted that Rs. 2 lakh crore (US$ 24 billion) highway network will be rolled out in the state by 2024.
• Prime Minister Mr. Narendra Modi inaugurated the Deoghar airport in July 2022, which has been constructed at an estimated cost of Rs. 400 crore (US$ 48.8 million). The Terminal Building of the airport is equipped to handle over five lakh passengers annually.
• The Jharkhand government unveiled an ambitious new solar policy (Jharkhand Solar Policy, 2022) which is aimed at increasing clean energy capacity up to 4,000 megawatts in the next five years.
• Jharkhand has one Jharkhand State Open University (JSOU), 20 State Public Universities, and 15 State Private Universities.
• As per the State Budget 2023-24, the government allocated Rs. 5,831 crore (US$ 711.4 million) for the agriculture and allied activities sector.
• The state cabinet on September 29, 2022, approved the draft of the Jharkhand Industrial Parks and Logistics Policy, 2022. Effective for the next five years, the policy is aimed at boosting the industrial infrastructure in Jharkhand by wooing private players to set up industrial parks by providing financial subsidies up to Rs. 75 crore (US$ 9.2 million).
• In August 2021, Tata Steel, India's largest steelmaker, announced to invest Rs. 3,000 crore (US$ 410 million) in Jharkhand over the next three years to expand capacity.
• In August 2021, SAIL, the state-owned steel company, announced to invest Rs. 4,000 crore (US$ 546 million) in Jharkhand over the next three years to expand capacity at its Gua mines and build a 4-million-tonne (MT) pallet facility.
• As of August 2021, the Jharkhand government decided to equip all government hospitals, including community health centres (CHCs) and primary healthcare centres (PHCs), with rooftop solar plants.
• In July 2021, Jharkhand Chief Minister Mr. Hemant Soren launched urban development projects totalling Rs. 84 crore (US$ 11.51 million) for Ranchi.
• The Asian Development Bank (ADB) approved a loan of ~Rs. 831 crore (US$ 112 million) to develop water delivery facilities in Jharkhand.
• In August 2021, Chief Minister of Jharkhand Mr. Hemant Soren unveiled an industrial policy that intended to attract investments up to Rs. 1 lakh crore (US$ 1.3 trillion), as the government planned to build the state as a centre for electronics system design and production.
• Under the Union Budget 2021-22, Rs. 4,018 crore (US$ 551.09 million) was allocated towards roads and bridges projects in the state.
• In April 2021, the government approved 14 highway projects worth Rs. 670 crore (US$ 91.89 million) in the state.
• In April 2021, the Minister of Commerce & Industry and Consumer Affairs, Food and Public Distribution, Mr. Piyush Goyal dedicated Hansdiha-Godda's new rail line in Jharkhand. The project attracted an investment of Rs. 550 crore (US$ 75.44 million).
• In March 2021, the state government announced the launch of the SAAMAR (Strategic Action for Alleviation of Malnutrition and Anemia Reduction) campaign to tackle malnutrition in the state. The campaign aims to identify anaemic women and malnourished children and refer them to malnutrition treatment centres.
• In February 2021, Jharkhand Education Project Council (JPEC) announced the launch of the STEM Education scheme aimed at developing critical thinking, problem-solving and innovation skills. The first phase of the scheme was launched with 27 government schools, which have been selected to set up STEM labs and transform the education curriculum.
• In November 2020, Adani Enterprises made a final offer of 20.75% revenue sharing for the Gondulpara coal mine, which has geological reserves of 176.33 million tonnes.
• In September 2019, a second Multi-Modal Terminal built at Sahibganj in Jharkhand was inaugurated, which was constructed on the river Ganga under the Jal Marg Vikas Project (JMVP).
• Under the State Budget 2019-20, the Government launched two new scholarship programmes Mukhyamantri Medha Chatravitti Yojana (MMCY) and Mukhyamantri Vidyalakshmi Uncha Shiksha Protsahan (MVUSP) in which student who will be selected at the state level, district level and on block level through competitive examination, would be given a scholarship of Rs. 12000, Rs. 6000 and Rs. 300 (US$ 171, US$ 85, US$ 4.29, respectively).
• In February 2019, three medical colleges in Jharkhand were inaugurated and the foundation stone for the Women's Engineering College in Ramgarh district was laid.