ESDM (Electronic System Design and Manufacturing) Innovation Hubs will be established in three cities to promote electronic system design and manufacturing in Jharkhand. Ranchi, Jamshedpur, and Dhanbad have been chosen for the same.
The Department of Information Technology and E-Governance is preparing to include its proposal in the upcoming fiscal year's budget. This is also a provision in the IT Data Center and BPO Investment Promotion Policy-2023.
This policy is now in effect for the fiscal year 2023-28, following Cabinet approval. The IT Data Center and BPO Investment Promotion Policy also include a provision for the establishment of electronic manufacturing clusters in Ranchi and Dhanbad. This cluster is currently located in Adityapur, East Singhbhum.
There has also been talk of building a mega IT park in the state within the next five years. The state government will now promote the establishment of IT parks in the private sector, also on a PPP basis.
Mega IT Park will be built on 100 acres of land. IT data centers and data developers will also benefit from the state's PPP mode.
According to the policy, while private sectors investing in IT, ESDM, and BPO will receive concessions in electricity, internet, stamp duty, GST, patent filing, and other areas, the state government will provide loan subsidies. Different concessions have been established for various areas.
During the policy period, 10 lakh people will be hired in IT, ESDM, and BPO. Two lakh people will be employed directly, while eight lakh will be employed indirectly.