Raipur. The recently held Investor Connect Meet in Mumbai has opened the doors for Foreign Direct Investment (FDI) for Chhattisgarh. 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 appreciated the favorable business environment of the state.
Chief Minister Sai said 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 Vishnudev Sai directly interacted with the leading industrialists and investors of the country in the Investors Connect Meet. Inviting to invest in Chhattisgarh, the Chief Minister said that we have laid the red carpet for investors through the new industry policy. During this, he also assured the 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 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, industries employing Rs 1 thousand crore or one thousand people have been provided the opportunity of 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 kept for investment in new age industries like 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 well-organized city as well as a Greenfield city, due to which there are ample possibilities for the development of the 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, 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 highest 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 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. Industry Department Minister Lakhan Lal Dewangan, Chhattisgarh Chief Secretary Amitabh Jain, Chief Secretary to the Chief Minister Subodh Singh, Secretary Rahul Bhagat, Industry Department Secretary Rajat Kumar, Chhattisgarh Investment Commissioner Ritu Sain in New Delhi and CSIDC Managing Director Vishwesh Kumar and many senior officials participated in this meet.
Many major industry groups gave proposals to invest in the state
In the Investor Connect Meet, Ambuja Cement Limited announced an investment proposal of Rs 2367 crore in the state. At the same time, 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. The company will also install a 30 MW solar power plant 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 Kumar Mangalam Birla also met the Chief Minister and proposed to invest more in the state.
