Chief Minister Vishnudev Sai invited investors, said Chhattisgarh is a state with immense possibilities for investment

Chief Minister Shri Vishnudev Sai invited the country’s leading industrialists and investors to invest in Chhattisgarh at the Investors Connect Meet held in New Delhi today. Sharing the features of the state’s new Industrial Policy 2024-30, he described it as very favorable for investors. The Chhattisgarh government also received investment proposals worth Rs 15184 crore from the leading industrialists who attended the program.Addressing the investors, Chief Minister Shri Sai said that Chhattisgarh is a state with immense possibilities for investment. Our new industrial policy gives industries facilities like tax, land, and electricity exemption as well as single-window clearance. This policy not only emphasizes on setting up industries but also on employment generation.Chief Minister Shri Sai informed that Chhattisgarh has immense potential in sectors like agriculture, food processing, energy, mining, and manufacturing. The new industrial policy includes special subsidy and incentive packages. Digital Single Window System 2.0 has made it easier to obtain all approvals and licenses. A maximum of 3 levels and a maximum time limit of 7 days have been ensured for releasing subsidy by the Industry Department.Chief Minister Shri Sai said that to make land available for setting up industries, private industrial parks are being encouraged by giving 30 percent subsidy under the concept of minimum government, while on the other hand, ready and developed plots for industries are being ensured within 60 days of application.He said that we are ensuring that government interference in setting up and running the industry is minimal and as far as possible it should be done through self-certification or online medium so that you do not need to come to the government for the industry.During the program, the Chief Minister, while answering the questions of the investors, assured them that the Chhattisgarh government will stand with them at every step. He explained in detail about the better infrastructure, skilled human resources and peaceful environment available in the state.The industrialists present in the program praised Chhattisgarh’s initiative and discussed positively about the investment possibilities. The Chief Minister expressed confidence that this investor meet will take Chhattisgarh’s industrial development to new heights.On this occasion, Industry Minister Mr. Lakhanlal Devangan, Chief Secretary Mr. Amitabh Jain, Chief Secretary to Chief Minister Mr. Subodh Kumar Singh, Secretary Mr. Rahul Bhagat and Chhattisgarh’s Investment Commissioner in New Delhi Ms. Ritu Sen along with other senior officials were present. These officials explained the features of the new industrial policy and told the investors about the benefits of setting up industries in Chhattisgarh.While interacting with the industrialists, Secretary, Industries Department, Mr. Rajat Kumar informed that Chhattisgarh, famous for its mineral wealth and mines, is now fast becoming a major hub for the manufacturing of electric vehicles (EVs). The state is diversifying its industrial base and playing a leading role in the manufacturing of diverse products like pharmaceuticals, train shells, televisions and lighting equipment.

Special incentive on investment in Bastar regionChief Minister Shri Sai informed that to promote industrial development in Bastar, major relief has been given to steel units and other industries of the core sector. A provision has been made for 50% royalty exemption on iron ore and 100% royalty exemption on coal. Along with this, the royalty paid by the industries and the cess received by the state will be reimbursed for 15 years. Apart from this, a new industrial area is being developed on 118 acres of land in village Niyanar.

IIM students will be appointed investment managersThe Chief Minister said that the state government is providing special facilities to industrialists. For this, an MoU has been signed with IIM Raipur and its pass-out students are being appointed as investment managers under the Chief Minister’s Industrial Internship, who will facilitate the processes from home.

Priority given to investment in modern technologiesThe Chief Minister said that many new and modern technologies have been taken care of in the new industrial policy of Chhattisgarh such as Artificial Intelligence (AI), Robotics, Green Hydrogen and Data Center. Apart from this, sectors like IT, Pharma, Electronics and Food Processing will also be special. Industries in these sectors will get assistance of 30 to 50 percent. Apart from this, companies will be given tax exemption for 5 to 12 years to start their work, so that they can start their work easily.

The country’s top industrialists expressed their desire to invest in ChhattisgarhAt the event, Polymatec Electronics Limited MD Ishwar Nandan proposed an investment of 1134 crores in the semiconductor sector, which will create more than 100 jobs. Teleperformance COO Ashish Johri shared a plan to set up a back office center by investing 300 crores. Micromax’s Rajesh Agarwal proposed an investment of 100 crores in solar cell manufacturing. Varun Beverages CEO Kamlesh Jain expressed his desire to invest 250 crores in PepsiCo bottling plant. TWI Group’s Purushottam and Uttam Singhal suggested an investment of 1650 crores, which will create 1000 employment opportunities. Praveen Gupta of Paramount Communications shared a plan of 250 crore investment and 1000 jobs. Renew Power Limited’s Sumant Sinha shared a plan to invest 11,500 crores in pump storage and green hydrogen projects.