27 industrial groups intent to invest over Rs 32,000 crore in Chhattisgarh

Chief Minister Vishnu Deo Sai (centre) and Industry Minister Lakhan Lal Dewangan handing over letter to one of the industrialists

Team News Riveting

Raipur, December 4

The Chhattisgarh government on Wednesday issued Intent to Invest Letters to 27 big industrial groups of the state for investing Rs 32,225 crore.

The Letters were issued by the Chief Minister, Vishnu Deo Sai at the event “Stakeholder Connect Workshop with Stakeholders in Relation to Chhattisgarh’s Industrial Development Policy 2024-30” jointly organized by NITI Aayog and Chhattisgarh Government in Nava Raipur today.

A state government spokesperson said the investments include in the core sector of the state as well as new investment areas like IT, AI, Data Center, Ethanol, Electronics, Electrical, Compressed Biogas. The major groups include Shivalik Engineering, Maa Durga Iron and Steel, ABREL Green Energy, RAG Ferro Alloys, Reliance Bio Energy, Yash Fans and Appliances, Shanti Greens Biofuel, Rack Bank Data Center etc.

Sai in his address said there had been vast possibilities of setting up new industries in Chhattisgarh, which is endowed with abundant reserves of minerals here and favourable industrial environment. The new Industrial Development Policy 2024-30 of the state has been prepared after discussing with the representatives of the industry and business world. In the new policy, the process of setting up industries has been simplified and many provisions have been included to encourage the establishment of industries.

He said the red carpet is open for investors in Chhattisgarh in the form of new industrial policy. The complexities of investment are no longer there in Chhattisgarh. The single window system has made everything very simple. The Chief Minister said Prime Minister Narendra Modi had given the target of Viksit Bharat by 2047. “For this, we have to build a developed Chhattisgarh. Chhattisgarh’s industry will also make an important contribution in building a developed India,” Sai added.

Presiding over the program, Chhattisgarh’s Industry Minister Lakhan Lal Dewangan said that the new industrial policy of Chhattisgarh had been made under the guidance of Chief Minister Vishnu Deo Sai and taking inspiration from Prime Minister Narendra Modi. Suggestions from industrialists have been included in preparing the new policy. This policy will not only bring investment in the state, but also help setting up new industries that will generate employment.

Senior Advisor of NITI Aayog, Sanjit Singh said that Chhattisgarh had become a favourite state for investors. The new industrial policy of Chhattisgarh is being praised everywhere. This policy will give a new direction to sustainable industrial development in the state. A good effort has been made to strengthen MSME industries in the new policy. An incentive scheme has been prepared for investment in new areas. Employment generation is an important aspect in this industrial policy.

Chief Secretary Amitabh Jain said that Chhattisgarh’s new industrial policy focuses on employment generation, export promotion and simplification of the process of approval and establishment of industries. Secretary of Commerce and Industry Department Rajat Kumar informed that provisions have been made in the new industrial development policy to accelerate the priorities of the state and industrial development in the state.

In the panel discussion organized in the program, industrial infrastructure, policy support and reduction of formal requirements for industry establishment were discussed in employment-enhancing industrial development. Other officials including representatives of various industrial organizations were present in the programme.

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