Team News Riveting
Raipur, January 23
The doors for Foreign Direct Investment (FDI) have opened for Chhattisgarh in the recently held Investors Connect Meet in Mumbai.
Chief Minister Vishnu Deo Sai met the US Consul General and the Russian Consul General in Mumbai during the Chhattisgarh Investor Connect meet. The Consul officials expressed their desire to invest in Chhattisgarh and appreciated the favorable business environment of the state.
According to officials, Sai met Consul General of the US Consulate Mike Hankey and Consul General of Russia Ivan Fetisov during the Investor Connect Meet. The Consul General discussed the possibilities of investment in Chhattisgarh in sectors like health, education, IT and tourism.
Chhattisgarh Minister of Industry Lakhan Lal Dewangan, Chief Secretary Amitabh Jain, Principal Secretary to Chief Minister Subodh Singh, Secretary Rahul Bhagat, Secretary of Industry Department Rajat Kumar, Investment Commissioner of Chhattisgarh in New Delhi Ms. Ritu Sain and Managing Director of CSIDC Vishwesh Kumar were present on the occasion.
Sai informed that due to the new industrial policy, Chhattisgarh has attracted investment proposals worth about Rs 1 lakh crore so far. The proposals were received during the Investors Connect meet held recently in Raipur, Delhi and Mumbai.
While inviting investment in Chhattisgarh, the Chief Minister told the leading industrialists that they had laid the red carpet for investors through the new industrial policy. Sharing the features of the state’s new industrial policy 2024-30, he said that to make the policy of choice for investors, they have adopted “Minimum Governance-Maximum Incentive” as a motto. Under this, they have made the process of NOC very easy. Clearances are now being done through a single window system. This is giving a lot of relief to the investors.
The Chief Minister said that attractive provisions have been made for investment in new age industries like Artificial Intelligence, Robotics, Computing, Green Hydrogen. “We are also starting a data center in Nava Raipur. We are developing Nava Raipur as an IT hub and IT companies have started working here,” Sai said, adding that Nava Raipur is a modern, well-equipped and organized city as well as a Greenfield city, due to which there are ample possibilities for the development of the IT industry here.
Along with this, special concessions have also been given in areas like Electrical and Electronics, Pharma, Textile, Food and Agro Processing. The state government is also setting up a pharmaceutical park in Nava Raipur that will be the largest pharmaceutical park in Central India.
The Chief Minister said that a new industrial area on 118 acres in village Niyanar near Nagarnar Steel Plant in Bastar would be set up. It would provide opportunities for setting up small, micro and medium enterprises on a large scale. He said that they had kept Bastar and Surguja as the maximum industrial investment promotion area. Sai added there was a discount of 50 to 100 per cent in core sector incentives, iron and coal royalty here. There is a provision for reimbursement of cess up to 150 per cent.
