Raipur: Open avenues for FDI in Chhattisgarh in Investors Connect Meet.
Open avenues for FDI in Chhattisgarh in Investors Connect Meet
Red carpet laid for investors in Chhattisgarh: Vishnudev Sai
Interacted with leading industrialists and investors of the country in the Investors Connect Meet organized in Mumbai.
Chhattisgarh received investment proposals worth Rs 6000 crore in investor meet.
Raipur
The recently held Investor Connect Meet in Mumbai has opened the way for Foreign Direct Investment (FDI) for Chhattisgarh. Chief Minister Vishnudev Sai met the US Consul General and Russian Consul General in Mumbai. Expressing their desire to invest in Chhattisgarh, both the officials appreciated the favorable business environment of the state.
Chief Minister Sai said that due to the new industrial policy, till now Chhattisgarh has attracted investment proposals worth about Rs 1 lakh crore. These proposals were received during the recent Investor Connect Summits held in Raipur, Delhi and Mumbai.
Chief Minister Vishnudev Sai interacted directly with leading industrialists and investors of the country in the Investors Connect Meet. Inviting investment in Chhattisgarh, the Chief Minister said that we have laid the red carpet for investors through the new industrial policy. During this, he also assured all possible help to the investors. Chhattisgarh government also received investment proposals worth six thousand crores from the leading industrialists who participated in the program.
Red carpet laid for investors in Chhattisgarh: Vishnudev Sai
While sharing the merits of the state’s new industrial policy 2024-30, Chief Minister Sai said that to make the policy preferred by investors, we have adopted “minimum governance-maximum incentives” as the motto. Under this, we have made the process of NOC very easy. Clearances are now being done through a single window system. Investors are getting a lot of relief from this.
The Chief Minister said that in the new industrial policy, to increase investment and employment opportunities, industries worth Rs 1,000 crore or employing one thousand people 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 Rs 200 to 450 crore. 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 like artificial intelligence, robotics, computing, green hydrogen etc. 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, convenient and organized city and is also a greenfield city due to which there is a lot of potential for the development of IT industry. Along with this, special concessions have also been given in sectors 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, which 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 most industrial investment promotion areas. Here there is 50 to 100 percent discount in core sector incentives, iron and coal royalty. There is a provision to reimburse cess up to 150 percent.
Chhattisgarh Chief Minister Vishnu Dev Sai met US Consulate Consul General 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. In this meeting, Minister of Industries Department Lakhan Lal Dewangan, Chief Secretary of Chhattisgarh Amitabh Jain, Principal Secretary to Chief Minister Subodh Singh, Secretary Rahul Bhagat, Secretary of Industries Department Rajat Kumar, Investment Commissioner of Chhattisgarh in New Delhi Surutu Sain and Managing Director of CSIDC were present. Many senior officials including Vishvesh Kumar have participated.
Many major industrial groups have proposed to invest in the state.
At the Investor Connect meet, Ambuja Cement Limited announced investment proposal of Rs 2367 crore in the state. 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. With the establishment of the hospital in Naya Raipur, not only Chhattisgarh but also the surrounding states will get better health services. Welspun Group, a leader in plastics and textiles, has shared plans to invest Rs 500 crore in Chhattisgarh. Meanwhile, Drools Company has announced an investment of Rs 625 crore in Rajnandgaon to increase the production of pet food. The company will also set up a 30 MW solar power plant to meet its energy needs. Along with this, Critech Technologies has proposed to invest Rs 600 crore in the IT sector in the state. Nantex Machinery has shared an investment plan of Rs 45 crore, Nantex Industries Rs 39.50 crore, Pidilite Industries Rs 80 crore and Vision Plus Security Rs 50 crore. Along with all this, Chhattisgarh has received investment proposals worth Rs 6000 crore from other companies.
During the meet, Aditya Birla Group Chairman 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 investment in the fields of textiles, paint and jewelery in Chhattisgarh. Godrej Group Executive Director Tanya Dubash has also expressed the possibility of investment in the fields 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 possibilities of investment in sectors like energy, infrastructure, steel and mining in Chhattisgarh. At the same time, Santosh Kataria, President of Clothing Manufacturers Association of India, said during the meeting that mineral resources and accessible skilled labor have good prospects for the textile industry in the state.
Investor friendly infrastructure
Chief Minister Sai informed that 1.6 billion dollars have been invested in Nava Raipur due to which the infrastructure here is like the most luxurious cities of the country. Not only this, new projects worth 2.1 billion dollars will also be started here in the next five years. There are IITs and IIMs in Chhattisgarh, so naturally capable technical people for the industry are available here. He said that the connectivity of Chhattisgarh 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. Maximum investment has been made for railway infrastructure and railway connectivity. This will bring huge benefits to the industry here in transportation of goods.
Chhattisgarh leading in energy and mineral production
The Chief Minister said that Chhattisgarh is among the leading states of the country in terms of mineral resources and power production. The minerals which are most important for the core industry, like 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 aluminum etc. Chhattisgarh is a zero power cut state with a production capacity of 25 thousand MW. Chhattisgarh produces 16 percent of the country’s steel and 15 percent of aluminum. 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.
