Steel plant, Jamshedpur, Jharkhand (representative image), Wikimedia Commons, CC BY 4.0
Jharkhand draft policies promise stamp duty, SGST relief for investors
Jharkhand has released draft industrial and textile policies aiming to attract Rs 1 lakh crore of investment and more than 25,000 jobs, with final versions expected within a fortnight.
Jharkhand’s draft industrial and textile policies promise a range of relief measures for investors, including stamp duty and registration charge reimbursement.
The textile draft offers 100 percent SGST reimbursement for seven years and 40 percent for three more years.
Electricity tariff and duty reimbursements are also proposed as part of the package.
The state aims to attract Rs 1 lakh crore in investment and create more than 25,000 jobs.
The drafts are open for feedback, with final policies expected within the next fortnight.
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.
Under the industrial draft, MSME units would be eligible for 20 percent of fixed capital investment, capped at Rs 15 crore.
Steel plant, Jamshedpur, Jharkhand (representative image), Wikimedia Commons, CC BY 4.0