Proving itself as a major emerging investment destination, Jharkhand has been ranked as the 10th highest receiver of Foreign Direct Investment proposals in the year 2015, in a ranking of top FDI earning states in India and China.
With dedicated efforts and steps taken by Chief Minister Raghubar Das-led state government to improve business environment, give impetus to industry and make the state more entrepreneur friendly, Jharkhand has been rising up the ranks of favoured business destinations in recent years.
The state, which was the 5th highest FDI attracter in India last year, has been featured in the joint Indo-China list with five Chinese states and four other Indian states. The release of recent data by the FDI Market shows that in the year 2015 Jharkhand received investment proposals worth $3.20 billion. The FDI proposals for Jharkhand were mainly directed at the mining and power sectors.
The list is led by Gujarat which received proposals worth $12.36 billion followed by Shanghai with $10.57 billion worth of FDI. This information was tweeted by Ambassador of India at the United Nations, Syed Akbaruddin.
Earlier, World Bank data ranked Jharkhand as 3rd in the country on ease of doing business. Recently, industries from Russia and Ukraine have evinced interest in investing in the coal sector of Jharkhand.