149 MoUs signed in last three years, 73,704 crore capital investment proposed for establishment of industries in Chhattisgarh

Raipur: Three sectors–Primary
(agriculture-related), secondary (industry-related) and tertiary
(service-related)–have an important contribution in the overall development of
the state. The state’s economy is gaining momentum with the state government’s
efforts to increase income of farmers through welfare schemes and steps taken
for industrial development contributing to rise in investment in the state and
employment opportunities.

As many as 149 MoUs have been signed in the last
three year tenure of Chhattisgarh government. Through this, a capital
investment of Rs 73,704.30 crore is proposed in the state and 89,697 people
will get employment opportunities.

Turing the vision of “Garhbo Nava
Chhattisgarh” into reality under the leadership of chief minister Bhupesh
Baghel, every sector has gained momentum. The new industrial policy of
Chhattisgarh has led to sustainable industrial development in the state. At
times when the whole country was dealing with economic slowdown due to corona
pandemic, the industries in Chhattisgarh remained untouched by its impact.
Keeping in view the challenges faced by industries, the state government gave
many concessions and facilities.

The core sector industries were given exemption in
electricity bill. All necessary arrangements were made for the arrival of raw
materials to the factories and transportation of finished goods to the market.
Rice mills were given a rebate of five percent on energy consumption charges.
Industries were also given exemption in the period of payment of electricity
tariff. With the new industrial policy opening up new opportunities for
industries, agriculture sector and forest based industries are also getting a
boost.

In the new industrial policy of the state
government, priority has been given to agriculture and forest produce based
industries. All kinds of incentives are being given to mineral based
industries. Under the new industrial policy, a special investment incentive
package has been arranged for investment in mega-ultra projects in the steel
(sponge iron and steel) sector. For mega investors, investment incentive is
being given up to a maximum of Rs 500 crore in this package. While Rs 1000
crore investment incentive is being given for Bastar division. The state
government is also facilitating easy set up of industries in the state for
which the complex procedures have now been simplified. The land allotment rates
in industrial areas have been reduced by 30 per cent. The land rent has been
reduced by one percent. Rules have been made for leasehold land allotted up to
10 acres in industrial areas. Industrial land and building management rules
have also been simplified.