Mumbai, January 23, 2025: Chhattisgarh took a major step towards enhancing its industrial growth and attracting Foreign Direct Investment (FDI) by showcasing its new industrial policy at the Investor Connect Meet in Mumbai. The event saw significant attention from leading industrialists and investors, resulting in investment proposals worth Rs 6,000 crore from major companies in sectors like plastic, textile, IT, and food processing.
Among the proposals, Ambuja Cement led with a Rs 2,367 crore investment plan, marking a significant contribution to the state’s economic growth. Other noteworthy investments included Rs 625 crore from Drools Company to boost pet food production and Rs 500 crore from Welspun Group for plastic and textile sectors.
The Chief Minister highlighted that Chhattisgarh’s new industrial policy has already attracted investments totaling Rs 1 lakh crore since its inception, supported by initiatives in the state’s Investor Connect Meets held in Raipur, Delhi, and Mumbai.
During his discussions with US Consul General Mike Hankey and Russian Consul General Ivan Y. Fetisov, Chief Minister Vishnu Deo Sai emphasized the state’s potential in sectors like health, education, IT, and tourism. The state also introduced its vision for the future, with a focus on emerging industries such as Artificial Intelligence, Robotics, Computing, and Green Hydrogen.
The Chief Minister also underscored the state’s commitment to ease of doing business, with the motto “Minimum Governance, Maximum Incentives.” A streamlined process for obtaining No Objection Certificates (NOCs) and a single-window clearance system have made Chhattisgarh a highly attractive investment destination.
A major focus of the meeting was the upcoming development of Nava Raipur, which is being positioned as an IT hub with provisions for a new data center. The state also announced the creation of a pharmaceutical park in Nava Raipur, which will become the largest in Central India, as well as plans for a new industrial area near the Nagarnar Steel Plant in Bastar.
Special focus was given to the Bastar and Surguja regions, which have been identified as priority areas for industrial growth. Incentives for industries in these areas include significant discounts on iron and coal royalties and reimbursements on cess.
Prominent industrial groups such as Aditya Birla Group, Godrej Group, and Essar Group also expressed interest in expanding their operations in Chhattisgarh. Discussions centered around investments in textiles, agriculture, food processing, energy, infrastructure, and mining.
With proposals flowing in from various sectors, Chhattisgarh’s vision for economic development is rapidly taking shape, signaling a bright future for investment and job creation in the state.
