Jharkhand 2011 the MINING BASE of INDIA
Total Page:16
File Type:pdf, Size:1020Kb
NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA For updated information, please visit www.ibef.org 1 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Contents Jharkhand – An Introduction Infrastructure Status Business Opportunities Doing Business in Jharkhand State Acts & Policies For updated information, please visit www.ibef.org 2 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Jharkhand Factfile → Jamshedpur, Dhanbad, Bokaro, Deoghar and Hazaribagh are some of the major cities and industrial areas in the state. → Jharkhand has around 40 per cent of the country’s mineral resources such as coal, iron ore, copper, uranium, mica, bauxite, granite, limestone, silver, graphite, magnetite and dolomite. Parameters Jharkhand Capital Ranchi Geographical area (sq km) 79,714 Source: Maps of India Administrative districts (No) 24 → Jharkhand is located in the Eastern part of India. The state shares its border with West Bengal in the East, Population density (persons per sq km)* 414 Uttar Pradesh and Chhattisgarh in the West, Bihar in Total population (million)* 32.9 the North and Odisha in the South. Male population (million)* 16.9 → Commonly spoken languages of the state are Hindi and Female population (million)* 16.0 Santhali. Urdu and Bengali are also prevalent. English Sex ratio (females per 1,000 males)* 947 is the primary medium of education. Literacy rate (%)* 67.6 → Forests and woodlands occupy more than 29 per cent Sources: Government of Jharkhand Website, www.jharkhand.gov.in, of the state. *Provisional Data – Census 2011 For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 3 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Jharkhand in Figures … (1/2) Parameter Jharkhand All-States Source Economy GSDP as a percentage of all states’ GSDP 1.8 100 CMIE, as of 2009-10, current prices Average GSDP growth rate (%)^ 12.2 15.5 CMIE, 2004-05 to 2009-10, current prices Per capita GSDP (US$) 726.8 1,302.4 CMIE, as of 2009-10, current prices Physical Infrastructure Installed power capacity (MW) 1,983.8 173,626.4 Central Electricity Authority, as of March 2011 Ministry of Communications & Information Broadband subscribers (No) 146,148* 10,737,850 Technology, as of November 2010 Ministry of Road Transport & Highways, National Highway length (km) 1,805 70,934 Annual Report 2010-11 Airports (No) 1 133 Airport Authority of India ^Calculated in Indian Rupee Terms *Includes Bihar For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 4 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Jharkhand in Figures … (2/2) Parameter Jharkhand All-States Source Social Indicators Literacy rate (%) 67.6 74.0 Provisional Data – Census 2011 Birth rate (per 1,000 population) 25.6 22.5 SRS Bulletin, 2009 Investments Outstanding investments (US$ billion) 404.9 7449.3 CMIE (2009-10) Industrial Infrastructure PPP projects (No) 11 808 www.pppindiadatabase.com Notified as of October 2011, SEZs (No) 1 380 www.sezindia.nic.in PPP: Public Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 5 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Advantage Jharkhand Endowed With Extensive Mineral Reserves Jharkhand has around 40 per cent of the country’s mineral wealth. The state is one of the largest producers of coal, mica and copper in India. Because of its large mineral reserves, mining and mineral extraction is the major industry in the state. Policy And Fiscal Incentives Jharkhand offers a wide range of fiscal and policy incentives to the industries, under the Industrial Policy, 2011. The state also has policies for IT and SEZ offering sector-specific incentives. High Economic Growth The average GSDP growth rate was about 11.1 per cent between 2004-05 and 2009-10. The state provides investment opportunities in sectors such as mining and metal, power, infrastructure, manufacturing and food processing. Location Advantage The state’s industries enjoy a unique location-specific advantage as it is close to the vast market of Eastern India; it is closer to the ports of Kolkata, Haldia and Paradip and has easy access to raw materials. For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 6 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Economic Snapshot – GSDP → At current prices, the Gross State Domestic Product Jharkhand’s GSDP (GSDP) of Jharkhand in 2009-10 was US$ 22.4 billion. 2009-10 22.4 → Between 2004-05 and 2009-10 , the average annual GSDP growth was about 11 .1 per cent. 2008-09 20.6 2007-08 21.0 2006-07 14.7 2005-06 13.7 CAGR 11.1% 2004-05 13.2 0 5 10 15 20 25 US$ billion Source: CMIE For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 7 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Economic Snapshot – NSDP → The Net State Domestic Product (NSDP) of Jharkhand Jharkhand’s NSDP was US$ 19 .9 billion in 2009-10 . 2009-10 19.9 → The average NSDP growth rate between 2004-05 and 2009-10 was about 11 .0 per cent. 2008-09 18.3 2007-08 18.6 2006-07 12.8 2005-06 12.0 CAGR 11.0% 2004-05 11.8 0 5 10 15 20 25 US$ billion Source: CMIE For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 8 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Economic Snapshot – Per Capita GSDP → The state’s per capita GSDP in 2009-10 was US$ 726.8 Per Capita GSDP as compared to US$ 463.8 in 2004-05. 800 726.8 CAGR 678.2 700 → Per capita GSDP has increased at a CAGR 9.4% 702.2 (Compound Annual Growth Rate) of 9.4 per cent 600 between 2004-05 and 2009-10 . 463.8 498.9 500 472.0 400 US$ 300 200 100 0 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Source: CMIE For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 9 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Economic Snapshot – Per Capita NSDP → The state’s per capita NSDP in 2009-10 was US$ 647.9 Per Capita NSDP as compared to US$ 411.8 in 2004-05. 700 647.9 CAGR 603.3 → The per capita NSDP has increased at a CAGR of 9.4 600 9.4% 622.9 per cent between 2004-05 and 2009-10 . 500 436.0 411.8 413.5 400 US$ 300 200 100 0 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Source: CMIE For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 10 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Economic Snapshot – Percentage Distribution of GSDP → In 2009-10 , the secondary sector contributed 37.9 per Percentage Distribution of GSDP cent to the state’s GSDP at current prices. It was CAGR 100 followed by the tertiary sector at 37.5 per cent and 90 primary sector at 24 .6 per cent. 80 32.9 37.5 15.1% 70 → At a CAGR of 15 .1 per cent, the tertiary sector has 60 been the fastest growing among the three sectors 50 41.2 10.3% from 2004-05 to 2009-10 . The growth has been driven 40 37.9 by trade, hotels, real estate, finance, insurance, 30 transport, communications and other services. 20 25.9 24.6 10 11.1% 0 → The primary sector grew at a CAGR of 11 .1 per cent 2004-05 2009-10 and the secondary sector grew at a CAGR of 10 .3 per cent between 2004-05 and 2009-10 . Primary Sector Secondary Sector Tertiary Sector Source: CMIE For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 11 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Economic Snapshot – Consumer Expenditure on Household Goods and Services → In urban Jharkhand, share of expenditure on education is higher than the national average. → A comparison of share of average monthly per capita expenditure on durables in Jharkhand vis-à-vis all-India shows that there is a great deal of scope of market expansion as the state moves towards economic development. Share of Average Monthly Per Capita Expenditure on Household Goods and Other Services 50.0% 70.0% 44.0% Urban Rural 39.6% 60.0% 58.9% 40.0% 52.3% 50.0% 30.0% 40.0% 20.0% 30.0% 7.1% 20.0% 7.9% 10.0% 6.3% 5.2% 3.3% 4.2% 10.0% 2.3% 3.7% 2.2% 3.6% 3.6% 2.0% 0.0% 0.0% Food Education Medical Durable Food Education Medical Durable goods goods All-India Jharkhand All-India Jharkhand Source: Household Consumer Expenditure in India, 2007-08 NSS 64th Round For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 12 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Economic Snapshot – Agricultural Production → Around 30 per cent of the total land in Jharkhand is Annual Production in used for agriculture. Crop 2008-09 (‘000 tonnes) Rice 3,420 → Rice is the major food grain crop of the state. In 2008- 09, the total rice production of the state was 3.4 Maize 300 million tonnes. Wheat 150 Arhar 60 → In 2008-09, the total food grain production of the state was around 4.19 million tonnes. Source: Department of Agriculture and Cooperation, Government of India → The state’s soil and climatic conditions also support cultivation of ornamental plants, mushrooms, spices and tea. For updated information, please visit www.ibef.org JHARKHAND – AN INTRODUCTION 13 NOVEMBER Jharkhand 2011 THE MINING BASE OF INDIA Economic Snapshot – Investments → In 2009-10 , the total outstanding investments in Break up of Outstanding Investments by Sector (2009-10) Jharkhand were US$ 404.9 billion.