Chhattisgarh Rolls Out the Red Carpet for Investors: Vishnudev Sai
Chief Minister Vishnudev Sai engaged with leading industrialists and investors at the Investors Connect Meet held in Mumbai.
Investors Meet Yields ₹6000 Crore in Investment Proposals for Chhattisgarh
Raipur, January 23, 2025 – The recently held Investors Connect Meet in Mumbai has opened avenues for Foreign Direct Investment (FDI) in Chhattisgarh. Chief Minister Vishnudev Sai met with the US Consul General and the Russian Consul General in Mumbai. Both officials expressed their interest in investing in Chhattisgarh and commended the state’s conducive business environment.
Chief Minister Sai stated that due to the new industrial policy, Chhattisgarh has attracted investment proposals worth approximately ₹1 lakh crore so far. These proposals were received during the recently held Investor Connect Summits in Raipur, Delhi, and Mumbai.
Chief Minister Vishnudev Sai directly interacted with leading industrialists and investors at the Investors Connect Meet. Inviting investment in Chhattisgarh, the Chief Minister said, “We have rolled out the red carpet for investors through the new industrial policy.” He also assured investors of all possible assistance. The Chhattisgarh government received investment proposals worth ₹6,000 crore from leading industrialists who participated in the event.
Sharing the features of the state’s new industrial policy (2024-30), Chief Minister Sai said that to create an investor-friendly policy, they adopted the motto of “Minimum Governance – Maximum Facilitation”. Under this, they have simplified the NOC process. Clearances are now being given through a single-window system, providing significant relief to investors.
The Chief Minister said that the new industrial policy provides a bespoke policy opportunity for industries that generate ₹1000 crore in investment or employ 1000 people. This policy provides for a 30% to 50% grant and a fixed capital investment of ₹200 crore to ₹450 crore. Attractive provisions have been made for net SGST reimbursement for 5 to 12 years, employment and EPF reimbursement, and training expense reimbursement.
The Chief Minister explained that attractive provisions have been made for investments in new-age industries such as artificial intelligence, robotics, computing, and green hydrogen. A data center is also being started in Nava Raipur. Nava Raipur is being developed as an IT hub, and IT companies have already begun operations there. Nava Raipur is a modern, well-planned, and greenfield city, offering ample opportunities for the development of the IT industry. Special incentives have also been provided in sectors like electrical and electronics, pharmaceuticals, textiles, and food and agro-processing. A pharmaceutical park is also being established in Nava Raipur, which will be the largest in Central India.
The Chief Minister said that a new industrial area is being established in 118 acres at Gram Nianar near the Nagarnar Steel Plant in Bastar. This will provide opportunities for the establishment of large-scale small, micro, and medium enterprises. He mentioned that Bastar and Sarguja have been designated as the areas with the highest industrial investment incentives. There is a 50% to 100% discount on core sector incentives, iron, and coal royalty. A provision has been made for reimbursement of cess up to 150%.
Chhattisgarh Chief Minister Vishnu Dev Sai met with the US Consul General, Mr. Mike Hanky, and the Russian Consul General, Ivan Fetisov, during the Investors Connect Meet. During this meeting, the Consul Generals discussed investment opportunities in Chhattisgarh in sectors like health, education, IT, and tourism. The meet was attended by several senior officials, including the Minister of Industry, Shri Lakhan Lal Dewangan; the Chief Secretary of Chhattisgarh, Shri Amitabh Jain; the Principal Secretary to the Chief Minister, Shri Subodh Singh; Secretary Shri Rahul Bhagat; Secretary, Department of Industry, Shri Rajat Kumar; Investment Commissioner of Chhattisgarh in New Delhi, Smt. Ritu Sain; and the Managing Director of CSIDC, Shri Vishvesh Kumar.
Several major industrial groups submitted proposals for investment in the state.