This technical brief presents a strategic roadmap to support Jharkhand\u2019s economic transition in line with India\u2019s net-zero commitment. With fossil fuel demand expected to peak between 2030 and 2035, the state faces potential challenges to revenues and employment linked to its mining-dependent economy.<\/p>\n\n\n\n
The report sets out a framework for Green Economic Diversification<\/strong>, identifying pathways to leverage Jharkhand\u2019s existing industrial base while reducing long-term fiscal and workforce vulnerabilities. It focuses on four high-potential sectors: Clean Power, Green Molecules, Sustainable Mobility, and Green Equipment Manufacturing<\/strong>. Together, these sectors could generate an estimated USD 1.43 billion in annual state tax revenue<\/strong>, helping impact future in fossil fuel\u2013related income.<\/p>\n\n\n\n Delivering this transition will require an estimated USD 41.4 billion<\/strong> in cumulative investment. The roadmap proposes a phased strategy<\/strong>, beginning with an Enabling Phase (2026\u20132035)<\/strong> that prioritises reinvestment of current fossil fuel revenues into infrastructure development, workforce reskilling, and a dedicated transition finance framework. Subsequent phases focus on scaling new industries and sustaining long-term economic resilience.<\/p>\n\n\n\n The roadmap estimates a total cumulative investment requirement of USD 41.4 billion (INR 351,900 crore)<\/strong> to anchor new green industries in Jharkhand:<\/p>\n\n\n\nInvestment Opportunity by Sector<\/h3>\n\n\n\n
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Investments in bioethanol, compressed biogas, and green hydrogen\/ammonia production.<\/li>\n\n\n\n
Manufacturing of electric vehicles (two-wheelers, cars, and commercial vehicles) and hydrogen-based internal combustion engine heavy commercial vehicles.<\/li>\n\n\n\n
Integrated manufacturing hubs for solar PV cells and modules, and lithium-ion battery cells and packs.<\/li>\n<\/ul>\n\n\n\nKey Takeaways<\/h3>\n\n\n\n
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