Chhattisgarh attracted investment proposals of the face value of 15,184 crore at an Investors Connect Meet held in New Delhi on Monday. Data shared by the State government shows a single company from the renewable energy sector had committed a substantial 75% of these proposals.
“A total of Rs. 15,184 crore investment proposals have been received by top companies with a focus on sectors like semiconductor, IT, electronics, food processing, EV, electrical and renewable energy,” said a statement issued by the government after the conclusion of the event which was attended by Chief Minister Vishnu Deo Sai.
The break-up of these investments, provided later in the release, shows Indian Green energy company ReNew Power Limited sharing a plan to invest Rs. 11,500 crore in pump storage and green hydrogen projects in the State. The other major commitments include Polymatec Electronics Limited’s 1134 crores in the semiconductor sector, that forecasts the creation of 100 jobs and TWI Group suggesting an investment of Rs. 1,650 crores, “which will create 1000 employment opportunities”.
Welcoming these proposals CM Mr. Sai highlighted the opportunities in traditional domains of Chhattisgarh’s industrial landscape, but added that it was no longer just a mineral rich State as it was becoming “a hub for modern industries and emerging technologies’.
“Chhattisgarh has immense potential for investment in sectors like agriculture, food processing, energy, mining, and manufacturing. Our new industrial policy provides tax, land, and electricity exemptions as well as single-window clearance for industries. This policy not only emphasizes on setting up industries but also on employment generation,” he said.
The CM further said that Chhattisgarh’s new industrial policy included special subsidy and incentive packages for emerging sectors like AI, robotics, green hydrogen, and data centers, streamlined approval processes through the Digital Single Window System 2.0 and a conducive environment with strong administration of the State.
Published – December 23, 2024 10:00 pm IST
