Ranchi: Jharkhand is soon going to introduce a dedicated policy for allotment of land for industries. The state industries department is also revising sectoral policies and a ‘Directorate for MSMEs' would be set up to support small and medium enterprises, state govt officials said on Thursday.A draft of the Land Allotment Policy, 2025, was discussed during the meet with various stakeholders. The event was jointly organised by the Jharkhand Industrial Infrastructure Development Corporation (JIIDCO) and the Jharkhand Industrial Area Development Authority (JIADA). An official said, "The policy will take care of the application and allotment procedure, prequalification criteria, project appraisal and evaluation matrix, and rules for competitive e-auction.

It also aims to introduce a dedicated grievance redressal mechanism and offer land lease premium rebates for investors in backward areas of the state." State industries director Vishal Sagar said the state is making efforts to improve ease of doing business through the ‘Business Reform Action Plan' (BRAP) and district BRAP initiatives. He said, "Steps are being taken to streamline the disbursement of incentives and reduce procedural delays.

Industries department is revising sectoral policies. A ‘Directorate for MSMEs' will be established to support small and medium enterprises." Officials presented seven key investible projects aimed at attracting industrial investment in the state. These included the IT Tower in Ranchi, Flatted Factory at the EMC in Adityapur, a Logistics Park in Dhanbad, a Plastic Park in Deoghar, a Pharma Park in Ranchi, the World Trade Center in Ranchi, and the PM Ekta Mall in Ranchi. Managing director of JIIDCO and JIADA Varun Ranjan said, "The state is moving beyond its traditional dependence on the mineral sector and is now focusing on emerging industrial sectors. Seven major infrastructure projects have been developed in alignment with current industrial needs, which are expected to generate more than 10,000 direct and 20,000 indirect employment opportunities, with an overall investment potential exceeding Rs 500 crore.

"The draft land allotment policy was prepared after careful analysis of investor concerns and highlighted the department's ongoing work in asset management, joint ventures, and public-private partnership (PPP) models, he added."Incubation centres are also being planned in partnership with XLRI and IIM Ranchi to promote startups. Management Development Programmes (MDP) and Entrepreneurship Development Programmes (EDP) are being initiated for MSMEs. The department is also exploring partnerships with BSE and NSE to enable MSMEs from Jharkhand to get listed on SME exchanges and raise capital more efficiently," he said.