Chhattisgarh Receives Rs 60 Bn in Investment Proposals at Meet

27 Jan 2025 CW Team

Chhattisgarh attracted investment proposals totalling Rs 60 billion at an investor connect meet held on Thursday, focusing on sectors such as plastic, textile, information technology, and food processing.

The largest proposal, valued at Rs 2,367 crore, came from Ambuja Cement, the state government announced in a statement.

During the meet, Chief Minister Vishnu Deo Sai engaged in discussions with the US Consul General Mike Hankey and the Consul General of Russia, Ivan Y Fetisov, regarding investment opportunities in health, education, IT, and tourism sectors.

The state’s ongoing investment drive has yielded significant results, with proposals worth Rs 1 lakh crore received through previous investor meets in Raipur, Delhi, and Mumbai since the launch of the new industrial policy.

To facilitate ease of doing business, the state has streamlined the process for obtaining No Objection Certificates (NOCs) and implemented a single-window clearance system, providing substantial relief to investors. The government has also introduced special concessions for sectors such as electronics, pharmaceuticals, textiles, food, and agro-processing.

The chief minister revealed plans to establish a new industrial area near the Nagarnar Steel Plant in Bastar, which will offer opportunities for micro, small, and medium enterprises. Bastar and Surguja have been designated as priority regions for industrial investment.

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