Mathur underlines that the state has the potential to be a very big industrial hub. “Jharkhand is the second biggest producer of peas as well as potatoes two very basic vegetables that are consumed everywhere, which means that trucks are all the time entering and exiting the state. It is one of the most gifted states in terms of natural resources and minerals. Jharkhand is placed 5th in India in terms of ‘Attracting FDI’, and is 7th in terms of ‘Ease of Doing Business’.
AEPC is confident that Jharkhand can be a hub for production of textiles and garments. “Jharkhand is the number one producer of Tasar silk in the country which means that they already have the necessary skill required to support garment production”.
Mathur explains the business-friendly measures adopted by the State Government and says, “The government is offering various incentives to entrepreneurs so that they can come and do business in Jharkhand. The state government would be giving 20% of capital investment subsidy that is on fixed capital, its upper cap has been kept at ₹50 crore, which means that if you buy a fixed machine for ₹100 then the state would contribute ₹20 in that,” he explained.
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