How did Chhattisgarh attract Rs 7.5 lakh crore in investments?
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New Delhi, Nov 11 (NationPress) Chhattisgarh's Chief Minister Vishnudeo Sai announced on Tuesday that the state has garnered investment proposals totaling around Rs 7.5 lakh crore within a brief span of 10 months since the launch of its innovative industrial policy.
Speaking to the press after the Chhattisgarh Investor Connect event in Ahmedabad, Sai emphasized that the new policy has established a conducive environment for both industries and investors.
“The Chhattisgarh Investor Connect was held in the sacred city of Ahmedabad. Our newly implemented industrial policy is showing promising results, leading to investment proposals close to Rs 7.5 lakh crore within 10 months,” he stated.
He further noted that during the event, memorandums of understanding (MoUs) were inked with approximately eight companies, resulting in fresh investment proposals amounting to Rs 33,000 crore.
“Entrepreneurs from Gujarat have expressed significant interest. Chhattisgarh is rich in resources—coal, power, water, and skilled labor—making it an optimal location for industries,” he remarked, extending a warm welcome to potential investors.
The Chief Minister also provided updates from the event on the social media platform X.
He discussed with Devanshu Gandhi, Managing Director of the Vadilal Group, about opportunities in the food processing sector, including plans to establish a facility for manufacturing ice cream, frozen foods, and other processed food items in the state.
In another update, Sai mentioned his interaction with Jinal Mehta, Vice President of the Torrent Group, who acknowledged Chhattisgarh’s investor-friendly environment and proposed investments of Rs 22,900 crore in the power sector and Rs 200 crore in the pharmaceutical sector.
Additionally, Vishnudeo Sai participated in the Bharat Parv celebrations at Ekta Nagar in Kevadia, Gujarat, commemorating the 150th birth anniversary of Sardar Vallabhbhai Patel.
“The Bharat Parv is being celebrated with participation from various states. Chhattisgarh’s pavilion highlighted our rich culture, textiles, and cuisine,” he noted.
The Chief Minister concluded by stating that the increasing investor confidence signifies Chhattisgarh’s rise as a significant industrial hub in central India, propelled by its proactive policies and resource-rich landscape.