TFP Bureau, Raipur, December 23, 2024: Chhattisgarh has received investment proposals totaling Rs 15,184 crore from top companies across various sectors, including semiconductor, IT, electronics, food processing, electric vehicles (EV), electrical, and renewable energy. The investment prospects were unveiled during the Investors Connect Meet held in New Delhi, where Chief Minister Vishnu Deo Sai led discussions with national and international investors eager to explore opportunities in the state.
The Chief Minister emphasized Chhattisgarh’s immense potential for industrial growth, citing its favorable New Industrial Policy 2024-30, which includes attractive subsidies, incentives, and tax exemptions.
“Chhattisgarh offers vast opportunities in sectors like agriculture, food processing, energy, and manufacturing. Our new policy provides exemptions in land, electricity, and taxes, along with a single-window clearance system to facilitate businesses,” said CM Sai.
Among the key highlights of the policy are special incentives for emerging industries such as AI, robotics, green hydrogen, and data centers. The state is also offering a 30% subsidy for private industrial parks and ready-to-use developed plots within 60 days of application. “Chhattisgarh is transforming from a mineral-rich state to a hub for modern industries and emerging technologies,” CM Sai added.
The event also featured a unique collaboration with IIM Raipur, where graduates will be appointed as investment managers under the Chief Minister’s Industrial Internship initiative. These managers will assist industrialists in streamlining processes and offering personalized support.
The Chief Minister also introduced significant incentives for the Bastar region, including 50% royalty exemption on iron ore and 100% on coal for core sector industries. A 118-acre industrial area is being developed in Niyanar, Bastar, to further encourage investment.
Notable investment proposals presented at the meet include Polymatec Electronics Limited’s Rs 1,134 crore investment in the semiconductor sector, Micromax’s Rs 100 crore investment in solar cell manufacturing, and Varun Beverages’ Rs 250 crore investment in a PepsiCo bottling plant. Renew Power Limited also proposed an Rs 11,500 crore investment in pump storage and green hydrogen projects.
“Chhattisgarh’s commitment to modern technologies and ease of doing business has attracted significant interest,” said Industry Secretary Rajat Kumar. “The state is diversifying its industrial base and is emerging as a key player in electric vehicle manufacturing, IT, pharma, and electronics.”
The event witnessed enthusiastic participation from industrialists who appreciated the state’s progressive policies and commitment to creating a conducive environment for investment.
