Red carpet laid for investors in Chhattisgarh: Shri Vishnudev Sai
Interacted with leading industrialists and investors of the country at the Investors Connect Meet organized in Mumbai
Chhattisgarh receives investment proposals worth Rs 6000 crore in investor meet
Raipur, 23 January 2025
The doors of foreign direct investment (FDI) have opened for Chhattisgarh in the recently held Investor Connect Meet in Mumbai. Chief Minister Vishnudev Sai met the US Consul General and the Russian Consul General in Mumbai. Both the officials expressed their desire to invest in Chhattisgarh and praised the favorable business environment of the state.
Chief Minister Shri Sai informed that due to the new industrial policy, Chhattisgarh has so far attracted investment proposals worth about Rs 1 lakh crore. These proposals were received during the Investor Connect Summit held recently in Raipur, Delhi and Mumbai.
Chief Minister Shri Vishnudev Sai directly interacted with the country’s leading industrialists and investors in the Investors Connect Meet. While inviting them to invest in Chhattisgarh, the Chief Minister said that we have laid out the red carpet for investors through the new industrial policy. During this, he also assured investors of all possible help. The Chhattisgarh government also received investment proposals worth six thousand crores from the leading industrialists who attended the program.
Sharing the features of the state’s new Industrial Policy 2024-30, Chief Minister Shri Sai said that to make the policy of choice for investors, we have adopted “Minimum Governance-Maximum Incentive” as a motto. Under this, we have made the process of NOC very easy. Clearances are now being done through single window system. This is giving a lot of relief to the investors.
The Chief Minister said that in the new industrial policy, to increase investment and employment opportunities, the industries employing one thousand people or having an investment of one thousand crore rupees have been provided the opportunity of a B-spoke policy. In this policy, provision has been made for permanent capital investment of 30 to 50 percent and 200 to 450 crore rupees. Attractive provisions have been made for net SGST reimbursement, employment and EPF reimbursement and reimbursement of training expenses for 5 to 12 years.
The Chief Minister said that attractive provisions have been made for investment in new age industries such as Artificial Intelligence, Robotics, Computing, Green Hydrogen. We are also starting a data center in Nava Raipur. We are developing Nava Raipur as an IT hub and IT companies have started working here. Nava Raipur is a modern, well-equipped and organized city as well as a Greenfield city, due to which there are ample possibilities for the development of IT industry here. Along with this, special concessions have also been given in areas like Electrical and Electronics, Pharma, Textile, Food and Agro Processing. We are also setting up a pharmaceutical park in Nava Raipur which will be the largest pharmaceutical park in Central India.
The Chief Minister said that we are going to establish a new industrial area on 118 acres in village Niyanar near Nagarnar Steel Plant in Bastar. This will provide opportunities for setting up small, micro and medium enterprises on a large scale. He said that we have kept Bastar and Surguja as the maximum industrial investment promotion area. There is a discount of 50 to 100 percent in core sector incentives, iron and coal royalty here. There is a provision for reimbursement of cess up to 150 percent.
Chhattisgarh Chief Minister Vishnu Dev Sai met US Consulate Consul General Mr. Mike Hankey and Russian Consul General Ivan Fetisov during the Investor Connect Meet. During this, the Consul General discussed the possibilities of investment in Chhattisgarh in sectors like health, education, IT and tourism. Many senior officials including Minister of Industry Department Mr. Lakhan Lal Dewangan, Chief Secretary of Chhattisgarh Mr. Amitabh Jain, Principal Secretary to Chief Minister Mr. Subodh Singh, Secretary Mr. Rahul Bhagat, Secretary of Industry Department Mr. Rajat Kumar, Investment Commissioner of Chhattisgarh in New Delhi Ms. Ritu Sain and Managing Director of CSIDC Mr. Vishwesh Kumar participated in this meet.
Many major industrial groups have given proposals to invest in the state
Ambuja Cement Limited announced an investment proposal of Rs 2367 crore in the state at the Investor Connect Meet. Bombay Hospital Trust has expressed its desire to build a world-class hospital in the state, for which it has proposed an investment of Rs 700 crore. The establishment of the hospital in Naya Raipur will provide better health services not only to Chhattisgarh but also to the surrounding states. Welspun Group, a leader in the field of plastic and textile, has shared plans to invest Rs 500 crore in Chhattisgarh. Drools Company has announced an investment of Rs 625 crore in Rajnandgaon to increase the production of pet food. A 30 MW solar power plant will also be installed by the company to meet energy needs. Along with this, Critech Technologies has proposed an investment of Rs 600 crore in the IT sector in the state. Nantex Machinery has shared plans to invest Rs 45 crore, Nantex Industries Rs 39.50 crore, Pidilite Industries Rs 80 crore and Vision Plus Security Rs 50 crore. Along with all these, Chhattisgarh has received investment proposals worth Rs. 6000 crore from other companies.
During the meet, Aditya Birla Group Chairman Mr. Kumar Mangalam Birla also met the Chief Minister and discussed about the expansion of his industries in the state. Aditya Birla Group has expressed the possibility of investing in the field of textiles, paints and jewellery in Chhattisgarh. Godrej Group Executive Director Tanya Dubash has also expressed the possibility of investing in the field of chemical fertilizers, agriculture and food processing as well as molded furniture manufacturing in Chhattisgarh.
Dr. Haseeb Drabu, Senior Advisor of Essar Group, a leader in sectors like energy, steel, and logistics, has expressed the possibility of investment in sectors like energy, infrastructure, steel and mining in Chhattisgarh. At the same time, Mr. Santosh Kataria, President of Clothing Manufacturers Association of India, said during the meeting that there are good prospects for the textile industry in the state due to mineral resources and easily available skilled labor.
Investor-friendly infrastructure
Chief Minister Shri Sai informed that an investment of 1.6 billion dollars has been made in Nava Raipur due to which its infrastructure is like the most magnificent cities of the country. Not only this, new projects worth 2.1 billion dollars will also be started here in the next five years. Chhattisgarh also has IITs and IIMs, so naturally competent technical people are available here for the industry. He said that Chhattisgarh’s connectivity is excellent. Expressways are being prepared for Ranchi, Visakhapatnam and Hyderabad which will be ready soon. Rail, road and air connectivity is excellent in Chhattisgarh. The maximum investment has been made for railway infrastructure and railway connectivity. This will give a big benefit to the industry here in freight transportation.
Chhattisgarh is leading in energy and mineral production
The Chief Minister said that Chhattisgarh is one of the leading states in the country in terms of mineral resources and power generation. The minerals which are most important for the core industry, such as coal, iron and bauxite etc., are found in abundance in Chhattisgarh and naturally our state is among the leading states in the production of steel, cement and aluminium etc. With a production capacity of 25 thousand MW, Chhattisgarh is a zero power cut state. 16 percent of the country’s steel and 15 percent of aluminium is produced in Chhattisgarh. Chhattisgarh is the only state in the country which produces tin. Lithium is essential in the electric vehicle segment. Not only have large reserves of lithium been found in Chhattisgarh, but we are the first state to auction lithium blocks.
