Foreign Direct Investment Finds New Pathways in Chhattisgarh at Investors’ Connect Meet
Chhattisgarh Rolls Out Red Carpet for Investors: CM Vishnudev Sai
Chhattisgarh Secures ₹6,000 Crore Investment Proposals at Mumbai Meet
Raipur >>Chhattisgarh has opened doors for Foreign Direct Investment (FDI) through the recently held Investors’ Connect Meet in Mumbai. Chief Minister Vishnudev Sai held discussions with the U.S. Consul General and Russian Consul General, who praised the state’s business-friendly environment and expressed interest in investing in sectors like healthcare, IT, education, and tourism.
The Chief Minister revealed that Chhattisgarh’s new industrial policy has attracted investment proposals worth approximately ₹1 lakh crore, thanks to proactive outreach efforts at similar events in Raipur, Delhi, and Mumbai.
Key Takeaways from the Meet
Red Carpet for Investors
CM Sai interacted directly with major industrialists and investors, inviting them to explore opportunities in Chhattisgarh. Highlighting the state’s investor-friendly policies, he emphasized the government’s commitment to offering maximum support to industries. During the meet, Chhattisgarh received investment proposals totaling ₹6,000 crore across various sectors.
Features of the New Industrial Policy (2024–30)
The Chief Minister outlined the state’s innovative industrial policy, which follows the mantra of Minimum Government, Maximum Encouragement. Key features include:
- Simplified NOC processes and a single-window clearance system.
- Special incentives for industries investing over ₹1,000 crore or employing over 1,000 people.
- Attractive provisions for sectors like AI, robotics, green hydrogen, and computing, alongside traditional industries such as textiles, food processing, and pharmaceuticals.
- Tax benefits, including 30–50% capital investment subsidies and GST reimbursements for 5–12 years.
- The development of IT hubs and data centers in Naya Raipur.
Strategic Developments in Bastar
The government announced plans to establish a 118-acre industrial zone near the Nagarnar Steel Plant in Bastar, opening avenues for small and medium enterprises. Special incentives like reduced royalties on iron and coal and increased subsidies are being offered to encourage investments in industrially underdeveloped regions like Bastar and Surguja.
₹6,000 Crore Proposals from Key Industry Players
- Ambuja Cement Limited. : ₹2,367 crore investment.
- Bombay Hospital Trust : ₹700 crore for a world-class hospital in Naya Raipur.
- Welspun Group : ₹500 crore in plastics and textiles.
- Drools : ₹625 crore in pet food production, including a 30 MW solar power plant.
- Crytek Technologies : ₹600 crore in IT.
- Various others: ₹1,208 crore across pharmaceuticals, manufacturing, and security services.
Global Engagement
CM Sai also met prominent figures like Aditya Birla Group Chairman Kumar Mangalam Birla and Godrej Group Executive Director Tanya Dubash, who discussed potential investments in textiles, jewelry, chemicals, and food processing. Essar Group expressed interest in energy, infrastructure, and steel sectors, while the U.S. and Russian consulates explored collaborations in education and healthcare.
Infrastructure Tailored for Growth
The Chief Minister highlighted Naya Raipur’s robust infrastructure, developed with a $1.6 billion investment. Upcoming projects worth $2.1 billion aim to further enhance its facilities. The city boasts excellent connectivity through expressways, rail, and air, making it an ideal destination for industries.
Leadership in Energy and Minerals
Chhattisgarh is a powerhouse in mineral and energy production:
- Produces 16% of India’s steel and 15% of its aluminum.
- The only Indian state producing tin.
- First state to auction lithium blocks, vital for the electric vehicle industry.
- Zero power cuts with a generation capacity of 25,000 MW.
With its unparalleled focus on business-friendly reforms, Chhattisgarh has positioned itself as an industrial hub with opportunities across traditional and emerging sectors. The Investors’ Connect Meet stands as a testament to the state’s readiness to lead India’s next phase of economic growth.
