In a significant push for foreign direct investment (FDI) and industrial growth, Chhattisgarh has garnered investment proposals worth ₹6,000 crore during the second leg of its Investor Connect Meet held in Mumbai. Chief Minister Vishnu Deo Sai engaged with US Consul General Mike Hankey and Russian Consul General Ivan Y. Fetisov to explore opportunities in sectors such as health, education, IT, and tourism. Ambuja Cement led the pack with a ₹2,367 crore proposal, while other sectors like plastic, textiles, food processing, and IT also saw robust interest.

The Chief Minister highlighted that since the launch of the state’s new industrial policy, Chhattisgarh has attracted ₹1 lakh crore worth of investments through meets held in Raipur, Delhi, and Mumbai. This momentum aligns with the state’s vision to create jobs and bolster industrial growth.

Policy Highlights and Strategic Initiatives

The new Industrial Policy for 2024-30, driven by the motto “Minimum Governance, Maximum Incentives,” was a focal point of discussions. Simplified processes, single-window clearances, and tailored incentives are key features. Industries investing ₹1,000 crore or employing 1,000 people are eligible for the Bespoke Policy, which offers capital investment subsidies between 30%-50%, reimbursement on SGST, and training support for up to 12 years.

Chhattisgarh is also prioritising emerging industries like AI, robotics, computing, and green hydrogen. A new data centre in Nava Raipur, designed to transform the city into an IT hub, was announced, alongside a pharmaceutical park poised to become the largest in Central India.

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Further, a 118-acre industrial area is set to be developed in Niyanar near the Nagarnar Steel Plant, focusing on small, micro, and medium enterprises. Regions like Bastar and Surguja have been designated as high-priority zones, with lucrative incentives such as 50%-100% discounts on iron and coal royalties and a cess reimbursement of up to 150%.

Prominent industrial groups have pledged significant investments:

• Ambuja Cement: ₹2,367 crore
• Welspun Group: ₹500 crore in plastic and textiles
• Drools Company: ₹625 crore in Rajnandgaon, including a 30 MW solar power plant
• Kritech Technologies: ₹600 crore in IT
• Bombay Hospital Trust: ₹700 crore in healthcare

Aditya Birla Group and Godrej Group also expressed interest in expanding their operations in textiles, paint, jewellery, chemical fertilizers, and food processing. Essar Group has proposed investments in energy, steel, and infrastructure, while the Clothing Manufacturers Association of India highlighted the state’s potential in the textile sector, citing abundant mineral resources and skilled labour.

The establishment of a world-class hospital by Bombay Hospital Trust in Nava Raipur will enhance healthcare access across the region. These developments, supported by the state’s forward-thinking policies, aim to create thousands of jobs and establish Chhattisgarh as a hub for industrial and economic growth.

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