Chief Minister Sai invites investors, Chhattisgarh receives investment proposals worth more than Rs 15,000 crore

Chief Minister Sai invites investors, Chhattisgarh receives investment proposals worth more than Rs 15,000 crore, CM Vishnu Deo Sai at the center while Industry Minister Lakhanlal Devangan was seen sitting at leftt and Chief Secretary Amitabh Jain at the right side

CM said Chhattisgarh is a state with immense possibilities for investment and Government is ready to help when required . During the investors connect principal Secretary to the Chief Minister Subodh Kumar Singh, Secretary Shri Rahul Bhagat and other senior officials including Chhattisgarh’s Investment Commissioner Ritu Sen in New Delhi were present. These officials explained the features of the new industrial policy of Chhattisgarh to the investors citing the benefits of setting up industries in Chhattisgarh.

New Delhi : Chief Minister Vishnu Deo Sai invites the country’s leading industrialists and investors to invest in Chhattisgarh at the Investors Connect Meet held in New Delhi on Monday December 23, 2024 . Sharing the features of the state’s new Industrial Policy 2024-30, he described it as very favorable for investors. The Chhattisgarh government also receives investment proposals worth Rs 15184 crore from the leading industrialists who attended the program.

CM Vishnu Deo Sai persuades Industrialist to Invest in Chhattisgarh

Addressing the investors, Chief Minister Sai said that Chhattisgarh is a state with immense possibilities for investment. Our 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.

Chief Minister Sai informed that Chhattisgarh has immense potential in sectors like agriculture, food processing, energy, mining, and manufacturing. The new industrial policy includes special subsidy and incentive packages. Digital Single Window System 2.0 has made it easier to obtain all approvals and licenses. A maximum of 3 levels and a maximum time limit of 7 days have been ensured by the Industry Department for issuing subsidy.

Chief Minister Vishnu Deo Sai said that to provide land for setting up industries, private industrial parks are being encouraged by giving 30 percent subsidy under the concept of minimum government interference , while on the other hand, ready and developed plots for industries are being ensured within 60 days of application.

He said that we are ensuring that government intervention in the establishment and operation of industries is minutest and as far as possible through self-certification or online medium so that you do not need to come to the government for industrial setup.

During the meet , 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 details about the better infrastructure, skilled human resources and peaceful environment available in the state.

The industrialists present at the meet appreciated Chhattisgarh’s initiative and discussed positively on the investment probabilities . The Chief Minister expressed confidence that this investor meet will take Chhattisgarh’s industrial development to new heights.

On this occasion, Industry Minister Lakhanlal Dewangan, Chief Secretary Amitabh Jain, Principal Secretary to the Chief Minister Subodh Kumar Singh, Secretary Shri Rahul Bhagat and Chhattisgarh’s Investment Commissioner in New Delhi Ritu Sen along with other senior officials were present. These officials explained the features of the new industrial policy and explained the investors the benefits of setting up industries in Chhattisgarh.

Secretary of the Industry Department, Rajat Kumar, while discussing with the industrialists, said that Chhattisgarh is famous for its mineral wealth and mines, is now rapidly becoming a major hub for the manufacturing of electric vehicles (EVs). The state is playing a leading role in the manufacture of diverse products like pharmaceuticals, train shells, televisions and lighting equipment, diversifying its industrial base.

Special incentives on investment in the level sector

Chief Minister Sai said that to promote industrial development in Bastar, major relief has been given to steel units and other industries of the core sector. Provision has been made for 50% royalty exemption on iron ore and 100% 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 NiyanarN CM added .

IIM students will be appointed investment managers

The Chief Minister said that special facilities are being given to industrialists by the state government. For setting up Industries , by signing an MoU ( Memorandum of understanding ) with IIM Raipur, pass-out students are being appointed as investment managers under the Chief Minister Industrial Internship policy , 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 percent. 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.

Top industrialists of the country expressed their desire to invest in Chhattisgarh

In the meet Ishwar Nandan, MD of Polymatech Electronics Limited, proposed an investment of 1134 crores in the semiconductor sector, which will create more than 100 jobs. At the same time, Teleperformance COO Ashish Johri shared the plan to set up a back office center by investing 300 crores. Rajesh Agarwal of Micromax proposed an investment of 100 crores in solar cell manufacturing. Kamlesh Jain, CEO of Varun Beverages expressed his desire to invest 250 crores in PepsiCo bottling plant. Purushottam and Uttam Singhal of TWI Group suggested an investment of 1650 crores which will create 1000 employment opportunities. A plan of 250 crores investment and 1000 jobs was shared by Praveen Gupta of Paramount Communications. Sumant Sinha of ReNew Power Limited shared a plan of 11,500 crores investment in pump storage and green hydrogen projects.