TFP Bureau, Raipur, January 23, 2025: Chhattisgarh has opened its doors to significant foreign and domestic investments, securing proposals worth ₹6,000 crore at the Investor Connect Meet held in Mumbai. Chief Minister Vishnu Deo Sai held discussions with prominent industrialists, investors, and diplomats, including US Consul General Mike Hankey and Russian Consul General Ivan Y. Fetisov, to explore investment opportunities in health, education, IT, and tourism.
Leading the second phase of the investment drive, the Chief Minister announced that the state has garnered ₹1 lakh crore in investment proposals since the launch of its new Industrial Policy 2024-30, with previous meets in Raipur, Delhi, and now Mumbai contributing to this milestone. The policy, focused on “Minimum Governance, Maximum Incentives,” has drawn investors across sectors, including plastic, textiles, IT, and food processing. Notably, Ambuja Cement submitted the largest proposal at ₹2,367 crore.
Key Announcements and Investment Highlights
- Policy Reforms: The CM emphasized streamlined processes for investors, including single-window clearances and enhanced incentives such as net SGST reimbursements, EPF subsidies, and training reimbursements for 5-12 years.
- Major Proposals:
- Welspun Group: ₹500 crore investment in plastics and textiles.
- Drools Company: ₹625 crore in pet food production and a 30 MW solar power plant in Rajnandgaon.
- Kritech Technologies: ₹600 crore in IT.
- Bombay Hospital Trust: ₹700 crore for a world-class hospital in Nava Raipur.
- Aditya Birla Group: Potential investments in textiles, paint, and jewelry.
- Godrej Group: Interest in chemical fertilizers, agriculture, food processing, and furniture manufacturing.
Infrastructure Development and Regional Focus
The state’s efforts to position Nava Raipur as an IT and industrial hub were underscored by the launch of a new data center and plans for India’s largest pharmaceutical park in Central India. Additionally, a new industrial area spanning 118 acres is set to be established in Niyanar near Bastar’s Nagarnar Steel Plant, creating significant opportunities for small and medium enterprises.
Chhattisgarh has designated Bastar and Surguja as priority investment regions, offering incentives like 50-100% discounts on iron and coal royalties and cess reimbursements up to 150%.
Collaborations and Future Plans
Industrial leaders, including Aditya Birla Group Chairman Kumar Mangalam Birla, Essar Group’s Senior Advisor Dr. Haseeb Drabu, and representatives from the Clothing Manufacturers Association of India, praised Chhattisgarh’s mineral resources and skilled labor base as conducive to growth. Bombay Hospital Trust’s proposed facility in Nava Raipur is expected to provide healthcare access to neighboring states.
The meeting, attended by senior officials such as Industries Minister Lakhan Lal Dewangan and Chief Secretary Amitabh Jain, concluded with optimism for Chhattisgarh’s rapid industrial and economic growth.
