Chief Minister Vishnu Deo Sai interacted and invited investors to invest in Chhattisgarh
Team News Riveting
Raipur, December 23
Chhattisgarh has received investment proposals worth Rs 15184 crore in the Investors Connect Meet held in New Delhi on Monday.
Chief Minister Vishnu Deo Sai was present in the Meet that was attended by captains of Indian Industry. The industrialists present in the program appreciated the initiative of Chhattisgarh and discussed the possibilities of investment in the state.
The Chief Minister expressed confidence that the Investor Meet will take the industrial development of Chhattisgarh to new heights. He along with the officials interacted with the industrialists. They explained the features of the new industrial policy and invited the industrialists to invest in the state by underlining the benefits of setting up industries in Chhattisgarh. The Chief Minister and the officials clarified the queries of the investors.
Chhattisgarh Industry Minister Lakhanlal Dewangan, Chief Secretary Amitabh Jain, Principal Secretary to the Chief Minister Subodh Kumar Singh, Secretary Rahul Bhagat and other senior officials including Chhattisgarh Investment Commissioner in New Delhi Ms. Ritu Sen were present in the event.
The prominent proposals received in the Meet included an investment of Rs 1134 crore in the semiconductor sector proposed by Ishwar Nandan, MD of Polymatech Electronics Limited. The project will create more than 100 jobs in the state. Similarly, Teleperformance COO Ashish Johri shared the plan to set up a back office center by investing Rs 300 crore. Rajesh Agarwal of Micromax proposed an investment of Rs 100 crore in solar cell manufacturing.
Kamlesh Jain, CEO of Varun Beverages expressed his desire to invest Rs 250 crore in PepsiCo bottling plant. Purushottam and Uttam Singhal of TWI Group expressed interest to invest Rs 1650 crore in the state that will create 1000 employment opportunities. A plan of Rs 250 crore investment and 1000 jobs was shared by Praveen Gupta of Paramount Communications. Sumant Sinha of ReNew Power Limited planned to invest Rs 11,500 crore in pump storage and green hydrogen projects.
Sharing the merits of the state’s new Industrial Policy 2024-30, the Chief Minister described it as very favorable for investors. “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,” he added.
He said 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 get all approvals and licenses. A maximum of 3 levels and a maximum time limit of 7 days have been ensured for issuing subsidies by the Industry Department.
The Chief Minister said that 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.
He said that the government had ensured that government interference in the establishment and operation of industries is minimal and as far as possible through self-certification or online medium so that you do not need to come to the government for industry.
The Chief Minister informed 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.
Sai 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 treated as 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.
