Chief Minister interacted with investors at the Investors Connect Meet organized in New Delhi.
Chhattisgarh received investment proposals worth more than Rs 15,000 crore in the meet.
Enumerated merits of the state’s new industrial policy 2024-30
New industrial policy includes special subsidies and incentive packages for industries
Raipur
Chief Minister Vishnudev Sai invited leading industrialists and investors of the country to invest in Chhattisgarh in the Investors Connect Meet organized today in New Delhi. While sharing the merits of the state’s new industrial policy 2024-30, he described it as very favorable for investors. Chhattisgarh government also received investment proposals worth Rs 15184 crore from the leading industrialists who participated in the program.
While addressing the investors, Chief Minister Shri Sai said that Chhattisgarh is a state with immense possibilities for investment. Our new industrial policy gives industries incentives like tax, land, and power exemptions as well as single-window clearance. This policy emphasizes not only on setting up industries but also on employment generation.
Chief Minister Shri Sai said that Chhattisgarh has immense potential in sectors like agriculture, food processing, energy, mining, and manufacturing. The new industrial policy includes special subsidies and incentive packages. Digital Single Window System 2.0 has made it easier to obtain all approvals and licenses. Maximum 3 levels and maximum time limit of 7 days have been ensured for release of subsidy by the Industries Department.
Chief Minister Shri Sai said that to provide land for setting up industries, under the concept of minimum government, private industrial parks are being encouraged by giving 30 percent subsidy, while on the other hand, ready and developed plots for industries are being applied for. Are ensured within 60 days.
He said that we are ensuring that government interference in the establishment and operation of industries is minimal and as much as possible through self-certification or online medium so that there is no need to approach the government for industry.
During the program, the Chief Minister, while answering the questions of the investors, assured that the Chhattisgarh government will stand with them at every step. He elaborated on the better infrastructure, skilled human resources and peaceful environment available in the state.
The industrialists present in the program appreciated the initiative of Chhattisgarh and discussed the investment possibilities positively. The Chief Minister expressed confidence that this investor meet will take the industrial development of Chhattisgarh to new heights.
On this occasion, Industries Minister Shri Lakhanlal Dewangan, Chief Secretary Shri Amitabh Jain, Principal Secretary to the Chief Minister Shri Subodh Kumar Singh, Secretary Shri Rahul Bhagat and Investment Commissioner of Chhattisgarh in New Delhi Ms. Ritu Sen and other senior officials were present. While explaining the features of the new industrial policy, these officials told the investors the benefits of setting up industries in Chhattisgarh.
While discussing with industrialists, Secretary of Industries Department, Mr. Rajat Kumar said that Chhattisgarh, famous for mineral wealth and mines, is now fast becoming a major center for manufacturing of Electric Vehicles (EV). The state has been diversifying its industrial base and playing a leading role in the manufacturing of diverse products such as pharmaceuticals, train shells, televisions and lighting equipment.
Special incentive on investment in Bastar region
Chief Minister Shri Sai said that to promote industrial development in Bastar, major relief has been given to steel units and other industries of the core sector. A provision of 50% royalty rebate on iron ore and 100% royalty on coal has been made. Along with this, the royalty paid by the industries and the cess received by the state will be reimbursed for 15 years. Besides this, a new industrial area is being developed on 118 acres of land at Village Niyanar.
IIM students will be appointed investment managers
The Chief Minister said that industrialists are being given special facilities by the state government. For this, by signing an MOU (agreement) with IIM Raipur, the passed out students are being appointed as investment managers under the Chief Minister Industrial Internship, which will facilitate the processes sitting at home.
Priority to investment in modern technologies
The Chief Minister said that in the new industrial policy of Chhattisgarh, many new and modern technologies have been taken into account such as Artificial Intelligence (AI), robotics, green hydrogen and data centers. Apart from this, sectors like IT, Pharma, Electronics and Food Processing will also be special. Industries in these areas will get 30 to 50 percent assistance. Apart from this, companies will be given tax exemption for 5 to 12 years to start their work, so that they can easily start their work.
Country’s top industrialists expressed desire to invest in Chhattisgarh
At the event, Ishwar Nandan, MD of Polymatech Electronics Limited, proposed an investment of Rs 1134 crore in the semiconductor sector which will create more than 100 jobs. Teleperformance COO Ashish Johri shared the plan to set up a back office center by investing Rs 300 crore. Rajesh Aggarwal of Micromax proposed to invest Rs 100 crore in solar cell manufacturing. Varun Beverages CEO Kamlesh Jain expressed willingness to invest Rs 250 crore in the PepsiCo bottling plant. Purushottam and Uttam Singhal of TWI Group suggested an investment of Rs 1650 crore, which will create 1000 employment opportunities. A plan of Rs 250 crore investment and 1000 jobs was shared by Praveen Gupta of Paramount Communications. Sumant Sinha of Renew Power Ltd shared plans to invest Rs 11,500 crore in pumped storage and green hydrogen projects.
