Jharkhand Unveils New IT Parks to Attract Tech Investments
A Digital Leap for Jharkhand: In a landmark announcement, the Jharkhand government has revealed plans to establish new IT parks across key cities, including Ranchi, Jamshedpur, and Dhanbad. This initiative aims to transform Jharkhand into a premier IT hub in Eastern India, leveraging its growing talent pool and investor-friendly policies.
Strategic Development:
- Ranchi IT Hub: The capital city will host a state-of-the-art IT park featuring cutting-edge infrastructure, coworking spaces, and incubation centers for startups.
- Expanding to Jamshedpur and Dhanbad: Known for their industrial prominence, these cities are being diversified into IT hubs to attract leading tech companies.
- Focus on Accessibility: The IT parks are strategically located near transport hubs to ensure seamless connectivity for businesses.
Government-Led Boost:
- JAP-IT at the Helm: The Jharkhand Agency for Promotion of Information Technology (JAP-IT) is spearheading these developments, ensuring adherence to global standards.
- Policy Incentives: The state’s IT and e-Governance department offers financial and infrastructure incentives under the SMART governance model, simplifying investment processes and encouraging global players.
Economic Impact:
- Job Creation: The IT parks are projected to generate over 15,000 direct jobs and countless indirect employment opportunities in allied sectors.
- Startup Ecosystem: With dedicated incubation zones, the initiative aims to support over 500 startups annually, fostering innovation and entrepreneurship within the state.
The Numbers Speak:
- Investment Budget: ₹750 crore allocated for IT park development over the next three years.
- Expected Revenue: IT exports from the state are projected to reach ₹2,500 crore annually by 2030.
- Growth in IT Workforce: Anticipated 40% increase in skilled IT professionals by 2026.
A Bright Future: With these developments, Jharkhand aims to integrate technology into its economic framework, creating a tech-driven economy that promotes inclusive growth. The state’s IT parks will not only boost regional economies but also position Jharkhand as a preferred destination for global tech investments.
