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Raipur, November 25, 2024: Chhattisgarh Commerce and Industry Minister Lakhanlal Dewangan today said that the new industrial policy of the state is going to provide better opportunities for entrepreneurs and youth.
This will create a better industrial environment in the state and employment will be available to the people of the state, Dewangan said.
The new Industrial Policy was launched in the state on November 14, 2024 by Chief Minister Vishnu Dev Sai. The Chhattisgarh government has made several provisions with the aim of realizing the vision of the Government of India’s Vision 2047 and accelerating the industrial development of the state.
A provision of training stipend reimbursement of Rs 15 thousand per person has been made for industries to convert the trained persons of the state into formal employment.
This new industrial policy will be effective till March 31, 2030.
Industry Minister Dewangan said that the new industrial policy has provision for interest subsidy, cost capital subsidy, stamp duty exemption, electricity duty exemption, value added tax reimbursement in investment incentives.
Provisions have also been made in the new policy for Mandi duty exemption, Divyang (disabled) employment grant, environmental project grant, transport grant, net state goods and service tax reimbursement.
In this policy, keeping in mind the employment generation for the youth of the state, B-spoke package has been provisioned for industries of specific sector on the basis of more than one thousand local employment generation.
There is a provision to give more incentives to the residents of the state, especially Scheduled Caste, Scheduled Tribe, women entrepreneurs, retired Agniveer soldiers, ex-servicemen, including paramilitary, under the new industrial policy.
Provision has been made to give special incentives under the new industrial policy for Naxal-affected people, weaker sections, third gender entrepreneurs. For the first time in the new industrial policy, provision has been made for separate incentives for MSME service enterprises and large service enterprises under the service sector.
This policy provides attractive separate industrial investment incentives for pharmaceutical, textile, agriculture and food processing and non-wood forest product (NTFP) processing, compressed biogas, green hydrogen, electrical and electronics, artificial intelligence (AI), robotics and computing (GPU), IT, ITES, data center, hydropower projects, solar energy projects etc.
There is a provision for setting up an industrial corridor to give Korba-Bilaspur-Raipur of the state a place in the industrial map of the country. For the formulation of the new industrial policy, the Industry Department has prepared it after a year of dialogue and in-depth discussions with all the concerned stakeholders, industrial organizations, industrial groups, concerned departments.
