Raipur, 02 September 2021. To attract global investment in Chhattisgarh, Global Investors Meet 2022 ‘Investgarh Chhattisgarh’ will be organized from 27 January 2022 to 01 February 2022 at Nava Raipur. Chief Minister Shri Bhupesh Baghel made the formal announcement of Global Investors Meet 2022 at the inaugural function of ‘Investgarh Chhattisgarh Project’ held at his residence office here today. He launched the logo (emblem) and website of Investgarh-Chhattisgarh on this occasion.
Addressing the program, Chief Minister Shri Bhupesh Baghel said that Chhattisgarh has immense potential for industrial development and capital investment. The state government has prepared an industry-friendly new industrial policy. The process of free-hold, partial transfer of industrial land has been simplified with reduction in the rates of allotted land by 30 percent and the rate of lease rent by one percent to attract more investment in the state. Along with setting up of single window for industries, several concessions and special packages and steps like providing transport subsidy have been taken. Giving information about the benefits of investment in Chhattisgarh, the Chief Minister said that with the incentives being given by the state government, good transport system, good law and order, plentiful water, easy access to major markets of the country, Industries get many benefits like low production cost. He said that despite the Corona crisis, the economy in Chhattisgarh remained dynamic. Many important works like agriculture were not allowed to stop. Mr. Baghel said that during the Global Investors’ Meet, ‘Go-Global’ initiative will be taken by the state government for the local companies and industries so that the local industrialists can also spread their business at the global level.
On this occasion, Industries Minister Shri Kawasi Lakhma, Additional Chief Secretary to Chief Minister Shri Subrata Sahu, Principal Secretary Industries Department Shri Manoj Kumar Pingua, Secretary to Chief Minister Shri Siddharth Komal Singh Pardeshi, Chhattisgarh State Industrial Development Corporation Managing Director Shri Arun Prasad, Industries Director of the department Mr. Anil Tuteja was also present. The event was virtually joined by representatives of the investor community from many countries like Vietnam, Malaysia, Singapore, London, USA, Dubai, Egypt etc.
Global Investors Meet 2022 is being organized by Chhattisgarh Commerce and Industry Department under the leadership of Chief Minister Bhupesh Baghel. Through the organization of ‘Investgarh Chhattisgarh’, a target has been set to attract global investment of more than 50 billion dollars to the state. Global Investors Meet, 2022 to be held in Naya Raipur will be hosted by International level Consultancy firm M/s EduVision India Private Limited brand name ‘Viexpoindia’. Today in this program MoU was signed by Chhattisgarh Government with ViexpoIndia. On behalf of the State Government, Principal Secretary Industries Department Shri Manoj Kumar Pingua and CEO of ViexpoIndia Shri K. Vinoth Kumar signed the MoU. The Principal Secretary, Industries Department, Mr. Manoj Kumar Pingua gave detailed information regarding the Global Investors’ Meet. Mr. Vinoth Kumar, CEO, Wiexpoindia and Mr. Jason Rajkumar also expressed their views.
The consultancy firm M/s Eduvision India Private Limited, has spearheaded several high profile projects. The firm has also worked with the World Bank and the Government of Telangana. A detailed project plan has been prepared by ‘ViexpoIndia’ for organizing the ‘Investgarh Chhattisgarh’ project. The entire cost of the project will be raised by the company through sponsors with the support of the government. Under the MoU, the state government will provide free venue to ‘ViexpoIndia’ at Nava Raipur for the organization of Global Investors Meet, 2022. The focus of the Global Investors Meet 2022 will be mainly to attract investments in agriculture, mining, heavy engineering and fabrication, green energy as well as pharmaceutical and automobile sectors. A presentation was also made by Viexpoindia regarding the Global Investors Meet.
The total budget of the ‘Investgarh Chhattisgarh’ project has been proposed to be around Rs.107 crore. Through this project, the target has been set to attract investment of 50 billion dollars in the state in a phased manner. Through the Global Investors Meet being organized to promote investment in Chhattisgarh, the world’s leading investor communities, companies, business leaders, state government officials, local industrialists will get an opportunity to come on a single platform, this will help the industrialists of the state. Growth will be accelerated and new employment opportunities will be created. ViexpoIndia will address the queries of the investor communities and global companies participating in the Global Investors Meet by providing information about the prospects and benefits of investment in Chhattisgarh, the policy, procedure, rules of the state government.
It is noteworthy that after the formation of the new government in Chhattisgarh in the year 2018, a new industrial and economic environment has been created. Under the leadership of Chief Minister Shri Bhupesh Baghel, the state government has given special packages and concessions to give priority to agriculture and forest based industries as well as to create a conducive environment for investment. Along with this, the rules for establishment and operation of industries have also been simplified.
132 MoUs have been signed for the establishment of new industries in the state from January 1, 2019 to August 6, 2021, in which a capital investment of Rs 58,950 crore is proposed. This will provide employment to more than 78 thousand people. This includes projects in the core sector as well as sectors such as ethanol, food sector, pharmaceutical, electronics, defence, solar etc. During this period, 1564 new industrial units have been established in the state, in which more than 30 thousand people have got employment. At present, 13 MoUs have been signed for setting up the state’s ambitious industrial project Bio Ethanol Plant, in which capital investment of about Rs 2 thousand 202 crore is proposed.
