As far as natural resources are concerned, Jharkhand is a veritable cornucopia. The major portion of the countrys Mica reserves, about one third of its coal (with a virtual monopoly on coking coal) and copper ore reserves and about one fourth of its Iron ore reserves are here. Bauxite, Graphite, Chromite, Kyanite, Limestone and many other economic mineral reserves exists here. Mining of these minerals and industries based upon them provide tremendous opportunities for investors.

The geographical position of Jharkhand in India symbolizes position of heart and provides raw material to Steel plant / Thermal power plant as major life line to neighboring states and other parts of India. Coal will continue to be the major source of energy for the country in the foreseeable future. There is going to be a great upsurge in the demand for coal. Thus there is tremendous scope for the development of more collieries in the state. The beneficiation of power grade coal is demanded not only by the government regulations but by economic imperative also. This will necessitate the setting up of washeries. Value adding industries like coal oven plants can be set up here. As the transmission of power is cheaper than the transport of coal, more and more pit-head based powerhouses are need of future.

Thus Jharkhand can be developed as the power capital of the country. Industries based on the by-products of washeries, coke ovens and power houses are another area for development. More Iron ore mines can be opened and steel plants can be established. Plants to make a special and a variety of iron and steel using different technologies can be set up.

Limestone mines can be developed and more cement plants can be opened. Mining of graphite, copper, mica etc. can be further developed and industries based on them can be founded. Granite and other precious and semi-precious ornamental stones offer yet another area for development. These are only certain illustrations of what can be done in the field of mines and mineral based industries.

Due to favorable geological set up of Jharkhand state, the first integrated steel plant was set up in Jharkhand about eighty years ago, that too in private sector which is stiil very competitive. The strucks that have dominated the road transport sector over the past several decades earned their reputation for quality when they were being manufactured exclusively in this state.