The country's oldest and one of the largest steel plants, operated by the world's 10th largest steel manufacturer - Tata steel, is located in Jamshedpur. Due to the high availability of metals and minerals such as steel and coal, the state is an ideal destination for setting up auto-component industries, power projects, cement plants, among others. Jharkhand has an installed production capacity of nearly 1800 MW.
Jharkhand has a high yield in the production of food crops such as paddy and pulses and offers opportunities to exploit the market for agro-forestry products, cashew processing, medicinal plants processing, honey production and production of milk and meat products. The state ranked fifth in top FDI destinations amongst all Indian states in 2016 and currently ranks fourth in Ease of Doing Business ranking by the World Bank.