Ranchi is one of the major industrial cities of Eastern India and located in the region called 'Ruhr of India' (Chota Nagpur) making it an ideal place for mineral based industries. Ranchi have presence of many well known govt. and private organisations in the vicinity of city. SAIL-R&D, MECON.Ltd, Garden Reach Shipbuilders & Engineers (Marine Diesel Engine Project), Central Coalfields, CMPDI.Ltd, Subarnarekha Hydel Project (JSEB), Usha Martin.Ltd (Wire Rope Division), DVC, STPI-Ranchi, Heavy Engineering Corp., Palriwal Industries, Pensol India, Waxpol Industries, Jharkhand Mega Food Park etc. are the prominent industries here.