Raipur, January 24, 2025: Chhattisgarh continues to make strides in attracting foreign and domestic investments under its visionary leadership. At the Investor Connect Meet in Mumbai, Chief Minister Vishnu Deo Sai engaged with key industrialists and diplomats, unlocking new investment avenues across diverse sectors such as health, education, IT, and tourism. The event witnessed an investment commitment of ₹6,000 crore, with the highest proposal of ₹2,367 crore coming from Ambuja Cement.

This marked a significant milestone for the state, which has garnered ₹1 lakh crore in investments since the launch of its new industrial policy, thanks to investor meets in Raipur, Delhi, and Mumbai.

Strengthening Global Alliances

In a noteworthy move to foster international collaboration, Chief Minister Sai held discussions with US Consul General Mike Hankey and Russian Consul General Ivan Y. Fetisov. These conversations focused on exploring foreign direct investment (FDI) opportunities to bolster Chhattisgarh’s infrastructure and economic growth.

Key Industrial Proposals and Commitments

Prominent companies from various sectors presented investment plans to capitalize on Chhattisgarh’s investor-friendly environment. Highlights from the Mumbai meet include:

• Welspun Group: Announced a ₹500 crore investment in plastic and textile sectors.
• Drools Company: Proposed a ₹625 crore investment in Rajnandgaon for pet food production, along with a 30 MW solar power plant.
• Kritech Technologies: Pledged ₹600 crore for IT sector development.
• Bombay Hospital Trust: Committed ₹700 crore to establish a world-class healthcare facility in Naya Raipur.

Other notable proposals included:

• Nantex Machinery: ₹45 crore
• Nantex Industries: ₹39.50 crore
• Pidilite Industries: ₹80 crore
• Vision Plus Security: ₹50 crore

Prominent industrial leaders such as Kumar Mangalam Birla of the Aditya Birla Group and Tanya Dubash of Godrej Group discussed plans for potential investments in textiles, paint, jewellery, chemical fertilizers, and food processing.

Also Read :- Telangana Secures ₹1.78 Lakh Crore Investments at WEF Davos 2025

Industrial Policy 2024-30

Chief Minister Sai outlined the salient features of Chhattisgarh’s Industrial Policy 2024-30, designed to make the state a preferred investment destination. Emphasizing the motto “Minimum Governance, Maximum Incentives,” the policy streamlines approval processes through a single-window clearance system. Key highlights include:

• Bespoke Policy: Industries investing ₹1,000 crores or employing 1,000 people are eligible for benefits such as permanent capital investment support ranging from 30% to 50% (₹200ccrorese to ₹450 crores), along with SGST, EPF, and training reimbursements for up to 12 years.
• Focus on Emerging Sectors: Incentives are provided for investments in Artificial Intelligence, Robotics, Green Hydrogen, and Computing.
• Infrastructure Development: A data centre in Nava Raipur is set to bolster IT growth, while the establishment of a pharmaceutical park will position it as Central India’s largest.

Chhattisgarh’s development efforts extend to Bastar and Surguja, designated as high-priority regions for industrial investments. Special incentives include:

• Discounts of 50%-100% on iron and coal royalties.
• Cess reimbursement of up to 150%.

Additionally, a new 118-acre industrial area near the Nagarnar Steel Plant in Bastar is set to promote small and medium enterprises, contributing to regional economic growth.

The proposed investments are expected to create thousands of jobs and bolster skill development. Chhattisgarh’s focus on accessible skilled labour and mineral resources has positioned it as an attractive destination for industries like textiles and agro-processing.

During the meeting, Essar Group’s Senior Advisor, Dr. Haseeb Drabu, expressed interest in investments across energy, infrastructure, steel, and mining. Bombay Hospital Trust plans to establish a state-of-the-art hospital in Naya Raipur to serve Chhattisgarh and neighbouring states. Santosh Kataria, President of the Clothing Manufacturers Association of India, highlighted the state’s potential for textile industry growth due to its abundant resources and skilled workforce.

The Investor Connect Meet in Mumbai showcased Chhattisgarh’s dynamic industrial landscape and investor-centric policies. With ₹6,000 crore worth of proposals secured and commitments from global and national players, the state is poised for unprecedented growth. Chief Minister Sai’s proactive engagement with industrial leaders and diplomats underscores Chhattisgarh’s commitment to creating an inclusive and robust economy.

The event was attended by senior officials, including Industries Minister Lakhan Lal Dewangan, Chief Secretary Amitabh Jain, and Investment Commissioner Ritu Sain. Together, they emphasized the state’s vision of sustainable industrial development, setting the stage for transformative change in Chhattisgarh’s economic and social fabric.

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