The new industrial policy will create a better industrial environment in the state: Commerce and Industry Minister Lakhan Lal Devangan

Commerce and Industry Minister Shri Lakhanlal Devangan said that the new industrial policy of the state will provide better opportunities for entrepreneurs and youth. This will create a better industrial environment in the state and employment will be available to the residents of the state. It is known that the new industrial policy was launched in the state on 14 November by Chief Minister Shri Vishnu Dev Sai. The Chhattisgarh government has made several provisions with the aim of realizing the vision of the Government of India’s Vision 2047 and accelerating the industrial development of the state. A provision of training stipend reimbursement of Rs 15 thousand per person has been made for industries to convert the trained persons of the state into formal employment. This policy will be for 31 March 2030.
Industry Minister Shri Devangan said that in the new industrial policy, there is a provision of interest subsidy, cost capital subsidy, stamp duty exemption, electricity duty exemption, value added tax reimbursement in investment promotion. Provisions have also been made in the new policy for Mandi duty exemption, Divyang (disabled) employment grant, environmental project grant, transport grant, reimbursement of net state goods and services tax.

In this policy, a B-spoke package has been provided for industries in specific sectors on the basis of generating more than one thousand local jobs, with the aim of generating employment for the youth of the state. There is a provision to provide more incentives to the residents of the state, especially the Scheduled Castes, Scheduled Tribes, women entrepreneurs, retired Agniveer soldiers, ex-servicemen, including paramilitary, under the new industrial policy. A provision has been made to provide special incentives to Naxal-affected people, weaker sections, and third gender entrepreneurs under the new industrial policy. For the first time in the new industrial policy, provision has been made for separate incentives for MSME service enterprises and large service enterprises under the service sector.

This policy provides attractive separate industrial investment incentives for pharmaceutical, textile, agriculture and food processing and non-wood forest product (NTFP) processing, compressed biogas, green hydrogen, electrical and electronics, artificial intelligence (AI), robotics and computing (GPU), IT, ITES, data center, hydropower projects, solar energy projects etc. There is a provision for setting up an industrial corridor to give Korba-Bilaspur-Raipur of the state a place in the industrial map of the country. For the formulation of the new industrial policy, the Industry Department has prepared it after a year of dialogue and in-depth discussions with all the concerned stakeholders, industrial organizations, industrial groups, concerned departments.