Team News Riveting
Raipur, January 23
The Chhattisgarh government has secured investment proposals worth Rs 6000 crore during the Investor Connect meet held in Mumbai recently.
Chief Minister Vishnu Deo Sai along with senior officials of the state government were present in the meet. Chhattisgarh had attracted investment proposals worth over Rs 15000 crore in the Delhi meet held last month.
According to officials, Ambuja Cement Limited had announced an investment proposal of Rs 2367 crore in the Mumbai Investor Connect meet. At the same time, Bombay Hospital Trust has expressed its desire to build a world-class hospital in the state, for which it has proposed an investment of Rs 700 crore. The establishment of the hospital in Naya Raipur will provide better health services not only to Chhattisgarh but also to the surrounding states.
Welspun Group, a leader in the field of plastic and textile, has shared plans to invest Rs 500 crore in Chhattisgarh. Similarly, Drools Company has announced an investment of Rs 625 crore in Rajnandgaon to increase the production of pet food. A 30 MW solar power plant will also be installed by the company to meet the energy needs.
Along with this, Critech Technologies has proposed an investment of Rs 600 crore in the IT sector in the state. Nantex Machinery has shared plans to invest Rs 45 crore, Nantex Industries Rs 39.50 crore, Pidilite Industries Rs 80 crore and Vision Plus Security Rs 50 crore.
During the meet, Aditya Birla Group Chairman Kumar Mangalam Birla also met the Chief Minister and discussed the expansion of his industries in the state. Aditya Birla Group has expressed the possibility of investing in the fields of textiles, paints and jewellery in Chhattisgarh.
Godrej Group Executive Director Tanya Dubash has also expressed the possibility of investing in the fields of chemical fertilizers, agriculture and food processing as well as molded furniture manufacturing in Chhattisgarh.
Dr Haseeb Drabu, Senior Advisor, Essar Group, a leader in sectors like energy, steel, and logistics, has expressed interest to invest in sectors like energy, infrastructure, steel and mining in Chhattisgarh. Clothing Manufacturers Association of India President Santosh Kataria said that mineral resources and easily available skilled labour have good prospects for the textile industry in the state.
Chief Minister Vishnu Deo Sai informed that an investment of 1.6 billion dollars has been made in Nava Raipur, due to which the infrastructure is at par with most magnificent cities of the country. Not only this, new projects worth 2.1 billion dollars will also be started here in the next five years. Chhattisgarh also has IITs and IIMs, so naturally competent technical people are available here for the industry.
He added that Chhattisgarh’s connectivity is excellent. Expressways are being prepared for Ranchi, Visakhapatnam and Hyderabad, which will be ready soon. Rail, road and air connectivity is excellent in Chhattisgarh. The maximum investment has been made for railway infrastructure and railway connectivity. This will give a big benefit to the industry here in freight transportation.
Sai said that Chhattisgarh is one of the leading states in the country in terms of mineral resources and power generation. The minerals which are most important for the core industry, such as coal, iron and bauxite etc., are found in abundance in Chhattisgarh and naturally the state is among the leading states in the production of steel, cement and aluminium etc. With a production capacity of 25,000 MW, Chhattisgarh is a zero-power cut state.
Sixteen per cent of the country’s steel and 15 per cent of aluminium is produced in Chhattisgarh. Chhattisgarh is the only state in the country that produces tin. Lithium is essential in the electric vehicle segment. The state has large reserves of lithium and is the first state to auction lithium blocks.
