01 — Local economy
Business in Ranchi
Lac, tamarind, sal seeds and other forest produce from the Chota Nagpur plateau have long been traded through Ranchi, which also markets the region's vegetables. As Jharkhand's capital it hosts the headquarters of Central Coalfields and the engineering consultancy MECON, the Heavy Engineering Corporation's works at Dhurwa, and growing hospital, education and services sectors, with small manufacturers in the Tupudana and Kokar industrial areas.
Where software helps: Traders of lac, tamarind, mahua and other forest produce buy small lots at village haats, then grade, store and sell in bulk, so lot-wise quality, storage loss and cash advances need careful tracking.