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New Delhi, December 23, 2024: The BJP government in Chhattisgarh today attracted investment proposals of Rs 15,184 crore in the Investors Connect Meet here at the national capital.
Sharing the merits of the state’s new Industrial Policy 2024-30 in the Investor Connect, Chief Minister Vishnu Dev Sai described it as very favorable for investors and invited the leading industrialists and investors of the country to invest in Chhattisgarh.
Top industrialists of the country have expressed their desire to invest in Chhattisgarh. In the programme, MD of Polymatec Electronics Limited, Ishwar Nandan proposed an investment of Rs 1134 crore in the semiconductor sector, which will create more than 100 jobs. At the same time, Teleperformance COO Ashish Johri shared a plan to set up a back office centre by investing Rs 300 crore. Micromax’s Rajesh Agarwal proposed an investment of Rs 100 crore in solar cell manufacturing.
Varun Beverages CEO Kamlesh Jain expressed his desire to invest Rs 250 crore in PepsiCo bottling plant. Purushottam and Uttam Singhal of TWI Group suggested an investment of Rs 1650 crore, which will create 1000 employment opportunities. Praveen Gupta of Paramount Communications shared a plan of Rs 250 crore investment and 1000 jobs.
Sumant Sinha of Renew Power Limited shared a plan to invest Rs 11,500 crore in pump storage and green hydrogen projects.
Addressing the investors, Sai said that Chhattisgarh is a state with immense possibilities for investment. The new industrial policy provides industries with facilities like tax, land, and electricity exemptions as well as single-window clearance. This policy not only emphasizes on setting up industries but also on employment generation.
Chhattisgarh has immense potential in sectors like agriculture, food processing, energy, mining, and manufacturing, he said.
The new industrial policy includes special subsidy and incentive packages. Digital Single Window System 2.0 has made it easier to get all approvals and licenses. A maximum of 3 levels and a maximum time limit of 7 days have been ensured for issuing subsidy by the Industry Department, the Chief Minister said.
To provide land for setting up industries, private industrial parks are being encouraged by giving 30 per cent subsidy under the concept of minimum government, while on the other hand, ready and developed plots for industries are being ensured within 60 days of application, Sai said.
“We are ensuring that government interference in the establishment and operation of industries is minimal and as far as possible it is done through self-certification or online medium so that you do not need to come to the government for industry,” the Chief Minister said.
During the programme, the Chief Minister, while answering the questions of the investors, assured that the Chhattisgarh government will stand with them at every step. He explained in detail about the better infrastructure, skilled human resources and peaceful environment available in the state.
The industrialists present in the programme appreciated the initiative of Chhattisgarh and discussed positively on the investment possibilities.
The Chief Minister expressed confidence that this investor meet will take the industrial development of Chhattisgarh to new heights.
On this occasion, Industry Minister Lakhan Lal Dewangan, Chief Secretary Amitabh Jain, Principal Secretary to the Chief Minister Subodh Kumar Singh, Secretary to the CM Rahul Bhagat and other senior officials including Chhattisgarh’s Investment Commissioner in New Delhi Ritu Sein were present.
While discussing with the industrialists, Industry Secretary Rajat Kumar said Chhattisgarh, famous for mineral wealth and mines, is now rapidly becoming a major centre for the manufacturing of electric vehicles (EVs). The state is diversifying its industrial base and is playing a leading role in the manufacture of diverse products such as pharmaceuticals, train shells, televisions and lighting equipment.
Special incentives on investment in Bastar region
Chief Minister Sai informed the meet that to promote industrial development in Bastar, major relief has been given to steel units and other industries of the core sector. A provision has been made for 50 per cent royalty exemption on iron ore and 100 per cent on coal. Along with this, the royalty paid by the industries and the cess received by the state will be reimbursed for 15 years. Apart from this, a new industrial area is being developed on 118 acres of land in village Niyanar.
IIM students will be appointed investment managers
The Chief Minister informed that special facilities are being given to industrialists by the state government. For this, by signing an MoU with IIM Raipur, pass-out students are being appointed as investment managers under the Chief Minister’s Industrial Internship, who will facilitate the processes from home.
Priority to investment in modern technologies
The Chief Minister said that many new and modern technologies have been taken care of in the new industrial policy of Chhattisgarh such as Artificial Intelligence (AI), Robotics, Green Hydrogen and Data Center. Apart from this, sectors like IT, Pharma, Electronics and Food Processing will also be special.
Industries in these sectors will get assistance of 30 to 50 per cent. Apart from this, companies will be given tax exemption for 5 to 12 years to start their work, so that they can start their work easily, he added.
