TFP Bureau, Raipur, April 18, 2025: In a landmark decision aimed at accelerating industrial growth, the Chhattisgarh government has granted in-principle approval to Bharat Earth Movers Limited (BEML) for setting up a heavy earth moving equipment manufacturing plant in the state. The plant will be established on 100 acres of land near Bilaspur\u2013Champa, along the National Highway, allotted at a token rate to promote local employment and micro, small, and medium enterprises (MSMEs).<\/p>\n
The decision was taken during a Cabinet meeting chaired by Chief Minister Vishnu Dev Sai at the Mahanadi Mantralaya Bhawan. The plant is expected to create thousands of direct and indirect job opportunities, significantly boosting industrial activity in the region.<\/p>\n
\u201cThis marks a new beginning for an industrial revolution in Chhattisgarh,\u201d said Chief Minister Sai. \u201cOur vision is to drive economic growth through local empowerment and global investment.\u201d<\/p>\n
The initiative aligns with the state\u2019s ambitious Industrial Policy 2024\u201330<\/strong>, which focuses on \u201cminimum governance, maximum incentives.\u201d The policy has made the investment climate in Chhattisgarh highly favorable by introducing simplified processes such as Single Window System 2.0<\/strong>, online application portals, and faster approvals.<\/p>\n To attract large-scale investments, the policy offers attractive incentives including:<\/p>\n 30\u201350% capital subsidy<\/strong><\/p>\n<\/li>\n 5\u201312 years of tax exemptions<\/strong><\/p>\n<\/li>\n Interest subsidies<\/strong><\/p>\n<\/li>\n Tailored \u2018B-spoke\u2019 incentives<\/strong> for units employing over 1,000 people<\/p>\n<\/li>\n Skill training grants<\/strong> of up to Rs 15,000 per worker<\/p>\n<\/li>\n<\/ul>\n With an aim to generate 5 lakh jobs in the next five years<\/strong>, the policy is giving special thrust to emerging sectors like green hydrogen, semiconductors, pharmaceuticals, AI, and tourism.<\/p>\n Chief Minister Sai reaffirmed the state\u2019s commitment to providing a transparent, business-friendly environment.<\/p>\n \u201cChhattisgarh is emerging from its Naxal-affected image to become a leading industrial and technological hub. Under the Amritkal-Chhattisgarh Vision 2047 Nava Anjor<\/em>, we aim to contribute significantly to a developed India,\u201d he said.<\/p>\n<\/blockquote>\n BEML\u2019s upcoming plant is expected to strengthen the state\u2019s supply chain ecosystem and provide a significant push to MSMEs by generating demand for ancillary units and services.<\/p>\n Recent investment summits in Delhi, Mumbai, and Bengaluru<\/strong> have already yielded proposals worth Rs 4.4 lakh crore<\/strong>, underlining growing investor confidence. The state secured Rs 15,184 crore worth of proposals in Delhi alone, Rs 6,000 crore in Mumbai, and strategic tie-ups in the energy sector in Bengaluru.<\/p>\n According to the Project Today Survey<\/strong>, Chhattisgarh attracted Rs 1.63 lakh crore in investments through 218 new projects in FY 2025\u20143.71% of the country\u2019s total investment<\/strong>\u2014earning it a spot among the top 10 investment destinations in India.<\/p>\n \n<\/blockquote>\n","protected":false},"excerpt":{"rendered":" 100-acre land near Bilaspur allotted for heavy equipment manufacturing unit; major boost for local jobs and MSMEs<\/p>\n","protected":false},"author":1,"featured_media":1059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116,118,117],"tags":[198,197],"class_list":["post-1058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-chhattishgarh","category-state","tag-beml-project-in-cg","tag-cg-industrial-surge"],"yoast_head":"\n\n
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