Chhattisgarh’s New Industrial Policy Draws Investment Proposals Exceeding Rs 1.23 Lakh Crore

Raipur

Chhattisgarh’s new industrial policy has attracted investment proposals worth over Rs 1.23 lakh crore, with the state government pledging minimal bureaucracy, maximum incentives, and comprehensive support for entrepreneurs. Chief Minister Vishnu Deo Sai highlighted these commitments at the Industry Dialogue programme in Naya Raipur on Saturday.

During the event, CM Sai launched the RAMP (Raising and Accelerating MSME Performance) scheme for micro, small, and medium enterprises. He also distributed financial assistance, including Rs 2.21 crore to nine beneficiaries under the Prime Minister’s Employment Generation Programme and over ₹55 lakh to three beneficiaries under the Prime Minister’s Micro Food Processing Scheme. Additionally, investment invitation letters were handed to 16 investors.

Aligning with Prime Minister Narendra Modi’s vision of a developed India by 2047, Chhattisgarh is advancing through its Vision 2047 roadmap. The state’s Ease of Doing Business reforms, including a simplified permissions process, have bolstered its investment appeal. As part of its industrial expansion, the state is developing seven small industrial areas and four large industrial zones. The Nagarnar Steel Plant in Bastar is expected to create opportunities for ancillary industries, with a new 118-acre industrial park planned in Niyanar.

Investor Connect programmes in Raipur, Delhi, and Mumbai following the policy’s implementation have drawn strong interest. The state has issued investment certificates to over 50 entrepreneurs, capitalizing on its rich mineral reserves, surplus power supply, and strategic central location.

CM Sai underscored key incentives for pharmaceutical and readymade garment sectors, along with emerging opportunities in AI, IT, data centres, and robotics. He highlighted Chhattisgarh’s economic progress, noting that its GSDP has surged twentyfold to ₹5 lakh crore over 25 years, with continued emphasis on capital expenditure growth.

Industry Minister Lakhan Lal Dewangan elaborated on government efforts to achieve the Prime Minister’s vision, announcing the upcoming release of ₹489 crore to 1,049 industries, clearing pending grants from the past six years.

The event also saw the presentation of investment letters worth Rs 11,733 crore to 16 investors, with the potential to generate 9,000 jobs. Additionally, five trainees from the Entrepreneurship Development Institute of India were awarded certificates.