Ranchi - Industrial Development Post Independence

By Unknown → Saturday, 14 January 2017
Located in the Heart of Jharkhand, top of the Chotanagpur Plateau, Ranchi has a strategic location for controlling the industries of rest of the state.
Tallest Tricolor in Ranchi
Tallest Tricolor In India, unfurled at Ranchi

With titles like ‘Coal Capital of India’, ‘Mica capital of the world’, ‘Largest steel manufacturer in India’, there are a lot of minerals present in the soil of Jharkhand. Minerals including Bauxite, Beryl, Chromite, Coal, Copper Ore, Fireclay, Gold, Graphite, Iron Ore, Mica, Quartz, Uranium Minerals, Steatite, Vanadium etc., the setup of industries to dig up these materials and process them for converting them for raw material started during the British Raj. 

With the monopoly of TATA in the area of steel production even during British, was the backbone of the economy of Jharkhand. After the Independence, the mines were given on lease for mining to the companies who bid highest.

It is to be noted that number of industries dealing with processing minerals are more than the industries dealing with processed goods.
Ranchi is home to the companies like Heavy Engineering Corporation, Steel Authority of India Limited, Central Coalfield Limited, Marine Diesel Engine Project, Central Mining & Planning Design Limited, Sikidiri Hydro Power Plant, Bharat Sanchar Nigam Limited, Ranchi Industrial Area Development, etc. These are just to name a few in the public-sector units and large scale industries.

With the presence of abundance natural resources, hydro & thermal power plant totally produce around 1900MW of electricity.

Right after Independence, the mining of truckloads of minerals were not regularized. The illegal mining was common and anyone with transport services can carry the goods from the mines to the factories dedicated to process these minerals.

In true sense, the economy of Jharkhand and development of Ranchi in the area of Industries started after its partition from Bihar in the year 2000.

The industries were regularized and separate bodies dedicated to the public via the central government were formed.
It was known to very few that in the list of potential cities to be made as Capital of Jharkhand, Dhanbad outweighed Ranchi. More people were leaned towards making Dhanbad as capital, as it was already an industrialized city with its monopoly in coal industry.
But, logic was given that, Dhanbad is already industrialized, so other locations must be given the chance to become so. Geographical location of Ranchi also played vital role in its declaration as Capital.

After formation of Ranchi, Dhurwa was developed rapidly as it was home to the industries and for the people working on them. It was realized that living condition of the workers also matters in their performance in the factories.

As the business started booming and supply demand chain expanded, investors from different parts came by to grab the opportunity. Ranchi welcomed them by open hearts and all the parties started making profit.

The state which was borrowing electricity from other neighboring states before independence, started selling extra energy to neighboring states by the 2000s.

With the factories expanding and people migrating from different parts for settling, other industries like education, healthcare, news, etc. also expanded. The environmental factor favored both the factories as they get cheap labor and resources like water, from the rivers, and people settling here for the climatic condition.

With the increase and setup of industries, transportation sector also increased requirement of trucks boomed. This affected positively in the manufacture of truck in Jamshedpur. People began realizing the profit in transport services and started investing in them.
A simple way of investing is, buy 5-6 trucks, send some for carrying minerals to factories from mines and some for transporting goods in remote locations and out state cities. Movers and packers in Ranchi, are a new business area, which was already successful in cities like Delhi and Mumbai.
The transport services for carrying goods and services to towns like Kolkata, Raipur, Patna, Varanasi, Mumbai, Delhi, Bhubaneshwar, etc. started growing. And it is expected to grow even more as the investment from third parties are increasing, as they are realizing the true potential of the industries.
Some other areas of investments other than public sector factories includes Cement factories of Lafarge and Ultra Tech, Newspaper publishing factories like Bhaskar and Jagaran group, Setting up Central educational institutions like National Law University, Indian Institute of Management, IIT-ISM, NIT, Central University of Jharkhand, etc., Healthcare institutions like RIMS, Central Institute of Psychiatry, Sante Vita etc.
The growth of Ranchi also helped in the growing market of its remote satellite towns. And by the expansion of Railway tracks this is keep growing. People can now come to Ranchi for selling and buying goods and services and can return to their home same day. This local trade route is vital for growing per capita income in rural areas.
The standard of living of people has definitely increased post-independence. And it is assumed to grow even more in the coming years.
Talking about figures, there are 4066 total industrial unit and turnover only from small scale industries are 7,67,736 lacs. Engineering unit employees 140548 people and investment is 1773.74 lacs.
Hence, it is safe to assume that Ranchi witnessed great changes in the way work is done. Drastic changes in the management of existing factories, setup of new factories and units in different areas, development of infrastructure, increasing per capita income, growing number of parties interested in investing, raised standard of living of people, migration of people from other regions.
It will not be an exaggeration to say that transport sector is the backbone of the whole ecosystem established. It can be assessed from the loss incurred by state just by one day of transportation strike. Fortunately, transportation services are improving and by the arrival of digital age, and advancement in this sector can be seen. Increased customer satisfaction by online booking of transport for parcel of perishable and nonperishable items, presence of logistic companies, bound to pay back in the longer run.

The rate of development and advancement, despite several challenging factors faced, is growing and will continue to grow in near future. 

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