Chhattisgarh has attracted ₹15,184 crore investment through various industrial proposals by top companies with a focus on sectors like semiconductor, IT, electronics, food processing, EV, electrical and renewable energy at the Investors Connect Meet held in the national capital on Monday.
Key industrialists from both India and abroad interacted in detail with Chhattisgarh Chief Minister Vishnu Deo Sai to explore investment opportunities in the state. The discussions were focused on exploring potential investments that will boost the state’s industrial growth and create thousands of employment opportunities.
Extending invitation to industrialists and investors to explore the vast opportunities, Chhattisgarh Chief Minister Vishnu Deo Sai emphasised that the state’s new Industrial Policy 2024-30 is highly favorable for investors, said the state government.
“Chhattisgarh has immense potential for investment in sectors like agriculture, food processing, energy, mining, and manufacturing. Our new industrial policy provides tax, land, and electricity exemptions as well as single-window clearance for industries. This policy not only emphasizes on setting up industries but also on employment generation,” CM Sai said.
Some of the pro-investors features of the policy, as per the CM, are special subsidy and incentive packages for emerging sectors like AI, robotics, green hydrogen, and data centers, streamlined approval processes through the Digital Single Window System 2.0 and a conducive environment with strong administration of the state.
To promote industrial growth, the state government said it is offering a 30 percent subsidy for private industrial parks under the “minimum government” concept. Additionally, for industries looking to set up operations, ready and developed plots will be provided within 60 days of application, he emphasised.
“Chhattisgarh is no longer just a mineral-rich state; it is becoming a hub for modern industries and emerging technologies,” the chief minister said.
The new industrial policy seeks to make the state self-reliant and empowered by 2047.
Sai also said that the Industry Department has streamlined the subsidy issuance process with a maximum of three levels and a time limit of seven days, ensuring a fast and efficient approval system.
The BJP government stated investors from various sectors showed keen interest in setting up business in the state.
IIM graduates as investment managers
To support industrialists, the state has signed an MoU with IIM Raipur, enabling appointments of graduates as investment managers under the Chief Minister’s Industrial Internship. These managers will assist industrialists remotely, helping to streamline processes and offer personalised support.
Investment in Bastar region
The Chief Minister announced significant incentives to boost industrial development in Bastar, including 50 percent royalty exemption on iron ore and 100 percent royalty exemption on coal for core sector industries. Bastar is naxal infested region but Union Home Minister Amit Shah has given March 2026 deadline to wipe out the red terror from the country’s map.
Additionally, industries will benefit from a 15-year reimbursement of royalties and state cess, and a 118-acre industrial area is being developed in the village of Niyanar.
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Published on December 24, 2024
https://www.thehindubusinessline.com/economy/chhattisgarh-attracts-15184-crore-investment-through-industrial-proposals/article69021649.ece
