Welspun Group, a leader in the plastics and textiles sector, shared its plan to invest ₹500 crore in Chhattisgarh. Meanwhile, the Drules Company announced an investment of ₹625 crore in Rajnandgaon to increase the production of pet food. The company will also set up a 30-megawatt solar power plant to meet its energy needs. Further, CriTek Technologies proposed an investment of ₹600 crore in the state’s IT sector. Nantex Machinery proposed ₹45 crore, Nantex Industries ₹39.50 crore, Pidilite Industries ₹80 crore, and Vision Plus Security ₹50 crore. Along with these, other companies have collectively proposed investments totaling ₹6000 crore for Chhattisgarh.
During the meet, Mr. Kumar Mangalam Birla, Chairman of the Aditya Birla Group, also met with the Chief Minister to discuss the expansion of his industries in the state. The Aditya Birla Group has expressed the possibility of investing in textiles, paints, and jewelry sectors in Chhattisgarh. Similarly, Tanya Dubash, Executive Director of the Godrej Group, expressed the possibility of investing in chemical fertilizers, agriculture, food processing, and molded furniture manufacturing in Chhattisgarh.
Dr. Haseeb Drabu, Senior Advisor to Essar Group, a leader in energy, steel, and logistics sectors, expressed investment possibilities in energy, infrastructure, steel, and mining sectors in Chhattisgarh. Mr. Santosh Kataria, President of the Clothing Manufacturers Association of India, stated during the meeting that mineral resources and readily available skilled labor offer good prospects for the textile industry in the state.
Infrastructure Investor-Friendly
The Chief Minister, Mr. Sai, informed that $1.6 billion has been invested in Naya Raipur, resulting in infrastructure comparable to the best cities in the country. Furthermore, new projects worth $2.1 billion will be launched in the next five years. With IITs and IIMs in Chhattisgarh, skilled technical personnel are readily available for industries. He stated that Chhattisgarh has excellent connectivity. Expressways to Ranchi, Visakhapatnam, and Hyderabad are under construction and will soon be completed. Rail, road, and air connectivity in Chhattisgarh is excellent. The largest investment has been made in railway infrastructure and connectivity, which will greatly benefit the industrial sector in terms of freight transportation.
Chhattisgarh a Leader in Energy and Mineral Production
The Chief Minister stated that Chhattisgarh is among the leading states in the country in terms of mineral resources and power generation. The state is abundant in minerals crucial for core industries, such as coal, iron, and bauxite, naturally making it a leading state in the production of steel, cement, and aluminum. With a generation capacity of 25,000 megawatts, Chhattisgarh is a zero-power-cut state. Chhattisgarh accounts for 16 percent of the country’s steel and 15 percent of its aluminum production. Chhattisgarh is the only state in the country that produces tin. Lithium is essential for the electric vehicle segment. Chhattisgarh not only has large reserves of lithium but is also the first state to auction lithium blocks.