Momentum Jharkhand is a landmark initiative launched by the Government of Jharkhand, inspired by the “Make in India” campaign of the Government of India. It aims to position Jharkhand as a premier investment destination by showcasing its abundant resources, investor-friendly environment, and proactive policy framework.
Logo & Theme
- The logo features a young elephant attempting to fly, symbolizing:
- Jharkhand’s identity as a young state.
- Its boundless potential for growth and development.
- Its fast-paced journey on the path of progress.
Global Investors Meet 2017
- The event was titled Global Investors Meet – 2017.
- Held at Khelgaon (Sports Village), Ranchi.
- Dates: 16–17 February 2017.
- Inauguration and closing ceremony held at Tana Bhagat Stadium, Ranchi.
- City Decor: Ranchi was decked up like a bride during the summit.
- Former Indian cricket captain Mahendra Singh Dhoni was appointed as the Brand Ambassador of Momentum Jharkhand.*
Main Objectives
- Establish Jharkhand as a top destination for Indian and foreign investors.
- Showcase:
- The rich mineral wealth of the state.
- A conducive business environment.
- Dynamic state policies.
- Provide a networking platform for investors, government officials, businesses, and stakeholders.
Target Sectors
Agriculture & Allied
- Agriculture
- Food Processing & Fodder Processing
- Minor Forest Produce Processing
Forestry & Environment
Manufacturing
- Automobiles and Auto Components
- Textiles, Garments, and Footwear
- ESDM (Electronic System Design & Manufacturing)
Energy & Infrastructure
- Power
- Industrial Infrastructure
- Urban Development
Services
- IT and ITES
- BPO / BPM
- Tourism
- Health & Medical Education
- Education & Skill Development
Annual Health Survey (2019-20 vs. 2015-16)
| Indicator | 2015-16 | 2019-20 |
|---|---|---|
| Adolescent Fertility Rate (15–19 yrs) | 77 | 64 |
| Rural | 73 | — |
| Urban | 34 | — |
| Total Fertility Rate | 2.6 | 2.3 |
| Rural | 2.8 | 2.5 |
| Urban | 1.8 | 1.6 |
| Infant Mortality Rate (IMR) | 43.8 | 37.9 |
| Rural | 46 | 41.1 |
| Urban | 34 | 22.2 |
| Child Mortality Rate (Under-5) | 54.3 | 45.4 |
| Rural | 58 | 49.2 |
| Urban | 38 | 27.3 |
| Sex Ratio (Overall) | 1002 | 1050 |
| Rural | 1014 | 1070 |
| Urban | 967 | 989 |
| Sex Ratio at Birth | 919 | 899 |
| Rural | 926 | 926 |
| Urban | 893 | 781 |
| Families with Electricity (%) | 80.1 | 94.3 |
| Rural | 74.4 | 99.0 |
| Urban | 96.7 | 92.9 |
Note: These indicators are often asked in state-level competitive exams (e.g., JPSC, JSSC).*
G-20 Summit in Jharkhand (2023)
- A two-day G-20 meeting was held in Ranchi on 2–3 March, 2023.
- Purpose: Deliberation on global energy options.
- Attendees included representatives from India and other G-20 countries, with 90 delegates present.
- G-20 delegates were taken for an excursion to Patratu Lake, Ranchi.
Startup Ecosystem Focus
- Strengthening the startup ecosystem in Jharkhand.
- Special encouragement for:
- Women entrepreneurs
- SC/ST communities
- Differently-abled entrepreneurs
- Promotion of entrepreneurial culture in the state.
- Direct and indirect employment generation.
- Leverage mineral and manufacturing strength.
- Facilitate linkages with global investors.
- Promote policy benefits and investment opportunities.
- Create B2B and B2G interactions among stakeholders.
Memorandums of Understanding (MoUs)
- Total of 210 MoUs signed.
- Investment value: ₹3,10,753.12 crore.
- Potential to generate 2,11,226 jobs in the state.*
Land Bank Initiative
- Land for projects to be allocated via Land Bank.
- Managed by Jharkhand Industrial Area Development Authority (JIADA).
- JIADA divided into four regional authorities:
- Ranchi Industrial Area Development Authority
- Bokaro Industrial Area Development Authority
- Adityapur Industrial Area Development Authority
- Santhal Pargana Industrial Area Development Authority
- These authorities identify land and maintain a land pool for future industrial use.
Government Initiatives to Attract Investment
Single Window Clearance System
- Interactive platform for:
- Identifying required approvals.
- Accessing information on processes, timelines, formats.
- Easy and responsive process.
- Defined penalty for non-compliance.
Time-bound Approvals
- Commercial tax registration: within 1 day.
- Joint application for incentives.
- Inspections completed in 72 hours (by departments like PCB, Forest, Urban, Tax, Labour).
- Water allocation approved within 30 days.
Ease of Environmental Compliance
- No pollution clearance required for 58 sectors.
Simplified Regulations
- Combined inspection for 14 labor laws.
- Industrial license validity: up to 5 years.
- Online registration and application process.
- Only one inspection in 5 years.
Key Highlights for Exam Takers
- Momentum Jharkhand launched in 2017.
- Dhoni appointed as brand ambassador.
- Over ₹3.1 lakh crore worth of MoUs signed.
- 2.1 lakh+ job opportunities expected.
- Ranchi hosted G-20 meeting in 2023.
- Improved health indicators as per Annual Health Survey.