Vishnu Deo Sai News: Chhattisgarh Chief Minister Vishnudev Sai invited leading industrialists and investors of the country to invest in the state in the Investors Connect Meet organized on Monday in New Delhi. While sharing the merits of the state’s new industrial policy 2024-30, he described it as very favorable for investors. Chhattisgarh government also received investment proposals worth Rs 15184 crore from the leading industrialists who participated in the program.
While addressing the investors, Chief Minister Sai said that Chhattisgarh is a state with immense possibilities for investment. Our new industrial policy provides industries with tax, land, and power exemptions as well as facilities like single-window clearance. This policy not only emphasizes on establishment of industries but also on employment generation.
The Chief Minister said that private industrial parks are being encouraged by giving 30 percent subsidy to provide land for setting up industries, while on the other hand, ready and developed plots for industries are being ensured within 60 days of application. .
Our Chhattisgarh is a state with immense possibilities for investment, the conditions are favorable for disinvestment in the state.
Today, in the “Chhattisgarh Investor Connect” meet held in New Delhi, our government received investment proposals worth Rs 15,184 crore from leading industrialists of the country.
Our new industrial… pic.twitter.com/yFqAETa9Aa
— Vishnu Deo Sai (@vishnudsai) December 23, 2024
He told that we are ensuring that there is minimum government interference in the establishment and operation of the industry and it is done through self-certification or online medium so that you do not need to come to the government for the industry.
On this occasion, Industries Minister Lakhanlal Dewangan, Chief Secretary Amitabh Jain, Principal Secretary to the Chief Minister Subodh Kumar Singh, Secretary Rahul Bhagat and Investment Commissioner of Chhattisgarh in New Delhi Ritu Sen and other senior officials were present. While explaining the features of the new industrial policy, these officials told the investors the benefits of setting up industries in Chhattisgarh.
Special incentive on investment in Bastar region
The Chief Minister said that to promote industrial development in Bastar, major relief has been given to steel units and other industries of the core sector. A provision has been made for 50% royalty discount on iron ore and 100% royalty on coal. Along with this, the royalty paid by the industries and the cess received by the state will be reimbursed for 15 years. Apart from this, a new industrial area is being developed on 118 acres of land in Village Niyanar.
IIM students will be appointed investment managers
The Chief Minister said that industrialists are being given special facilities by the state government. For this, by signing an MOU (agreement) with IIM Raipur, the passed out students are being appointed as investment managers under the Chief Minister Industrial Internship, which will facilitate the processes sitting at home.
Priority to investment in modern technologies
The Chief Minister said that in the new industrial policy of Chhattisgarh, many new and modern technologies have been taken into account such as Artificial Intelligence (AI), robotics, green hydrogen and data centers. Apart from this, sectors like IT, pharma, electronics and food processing will also be special. Industries in these areas will get 30 to 50 percent assistance. Apart from this, companies will be given tax exemption for 5 to 12 years to start their work, so that they can start their work easily.
Country’s top industrialists expressed desire to invest in Chhattisgarh
In the program, Ishwar Nandan, MD of Polymatech Electronics Limited, proposed an investment of Rs 1134 crore in the semiconductor sector which will create more than 100 jobs. Teleperformance COO Ashish Johri shared the plan to set up a back office center by investing Rs 300 crore. Rajesh Aggarwal of Micromax proposed to invest Rs 100 crore in solar cell manufacturing. Varun Beverages CEO Kamlesh Jain expressed his desire to invest Rs 250 crore in the PepsiCo bottling plant. Purushottam and Uttam Singhal of TWI Group suggested an investment of Rs 1650 crore, which will create 1000 employment opportunities. A plan of Rs 250 crore investment and 1000 jobs was shared by Praveen Gupta of Paramount Communications. Sumant Sinha of Renew Power Limited shared plans to invest Rs 11,500 crore in pumped storage and green hydrogen projects.
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