Has Chhattisgarh Really Secured Rs 33,000 Crore in Investments?
Synopsis
Key Takeaways
- Chhattisgarh secured investment proposals worth Rs 33,000 crore.
- Over 10,532 jobs will be created across multiple sectors.
- Key sectors include thermal power, green steel, and pharmaceuticals.
- More than 350 policy reforms have been implemented to boost business.
- Single-window clearance system speeds up approvals for investors.
Ahmedabad, Nov 11 (NationPress) At the Investor Connect event taking place in Ahmedabad, Chhattisgarh has secured investment proposals totaling nearly Rs 33,000 crore, setting the stage for the creation of over 10,532 new jobs across various sectors.
Chief Minister Vishnu Deo Sai presented investment letters to prominent companies in industries such as thermal power, green steel production, solar technology, pharmaceuticals, and medical food supplements.
While addressing business leaders and industrialists, Chief Minister Sai remarked that Gujarat and Chhattisgarh will play a crucial role in shaping a developed India, highlighting the synergy between Gujarat's industrial drive and Chhattisgarh's natural resources and skilled workforce.
He stated, “Gujarat is propelling the nation’s economy, while Chhattisgarh is advancing swiftly with its wealth of energy, minerals, skilled labor, and investor-friendly regulations.”
Emphasizing recent changes, the Chief Minister noted that the state government has enacted over 350 policy reforms in the last 22 months to enhance the business environment.
Through a streamlined single-window clearance process, investors can now obtain approvals more swiftly, and attractive incentives are being provided for industries establishing themselves in tribal areas such as Bastar and Surguja.
Chhattisgarh has already accumulated investment proposals exceeding Rs 7.5 lakh crore, according to CM Sai.
Ranked second in India for coal production, Chhattisgarh recently drew Rs 3.5 lakh crore in proposals during its Energy Summit.
CM Sai also highlighted that Naya Raipur is being transformed into an IT and AI Data Centre hub, with semiconductor and electronics firms expressing significant interest.
Moreover, the tourism sector has been granted industry status, unlocking new investment opportunities in hospitality and wellness.
The event saw attendance from Chief Secretary Subodh Kumar Singh, Industries Secretary Rajat Kumar, Chief Minister's Secretary Rahul Bhagat, and CSIDC Managing Director Vishwesh Kumar, among others.
Notable investment commitments revealed at the event include Torrent Power Ltd's Rs 22,900 crore initiative to build a 1,600 MW thermal power plant in Ahmedabad, which will create 5,000 jobs, and Onix Three Anersol Private Ltd's Rs 9,000 crore investment in green hydrogen, ammonia, and steel, generating 4,082 jobs.
With such substantial investments and a clear vision for inclusive growth, Chhattisgarh is strategically positioning itself as a vital player in India's forthcoming wave of industrial and green advancement.