Raipur, December 4, 2024 Chhattisgarh is paving the way for unprecedented industrial growth with the launch of its New Industrial Development Policy 2024-30, designed to attract investors and simplify the process of establishing industries. Chief Minister Vishnu Dev Sai, addressing the Stakeholder Connect Workshop organized in Naya Raipur by NITI Aayog and the Chhattisgarh Government, emphasized the state’s commitment to becoming a hub for industrial development and employment generation.
Key Highlights of the Policy
- Ease of Doing Business: The policy focuses on reducing bureaucratic hurdles with a single-window system, simplifying approvals, and ensuring hassle-free operations for investors.
- Investor-Friendly Approach: The state has rolled out a “red carpet” for businesses, making it a preferred destination for industrial investments.
- Focus on Employment: The policy prioritizes job creation for the local population by encouraging investments in emerging and traditional sectors.
Major Investment Commitments
During the event, CM Vishnu Dev Sai handed over Intent to Invest Letters worth ₹32,225 crore to 27 major industrial groups. These investments span a wide range of sectors, including:
- Core Industries: Steel, biofuels, and green energy.
- Emerging Sectors: IT, Artificial Intelligence, data centers, ethanol, electronics, and compressed biogas.
- Notable investors include Reliance Bio Energy, Shivalik Engineering, RAG Ferro Alloys, and Yash Fans and Appliances, among others.
Driving Chhattisgarh’s Development Vision
He stated that Chhattisgarh’s development is crucial for achieving this goal and emphasized the state’s efforts to maximize local employment opportunities through industrial investments.
Key Inputs from Stakeholders
- CM Vishnu Dev Sai: The new policy reflects a collaborative effort, incorporating valuable inputs from industry leaders to ensure robust and sustainable growth.”
- Industry Minister Lakhan Lal Devangan: “Inspired by the Prime Minister’s vision, the policy is a result of extensive consultations with stakeholders, ensuring its relevance and impact on local employment and economic development.”
- NITI Aayog Senior Advisor Sanjeet Singh: “Chhattisgarh’s industrial policy is receiving nationwide recognition for its emphasis on sustainable development and MSME empowerment.”
Features of the Policy
- Focus on MSMEs: Strengthening small and medium enterprises to boost regional economic growth.
- Sectoral Incentives: Special incentives for investments in IT, AI, green energy, and data centers.
- Simplified Processes: Streamlined approval mechanisms for faster establishment and operationalization of industries.
- Export Promotion: Provisions to encourage exports from Chhattisgarh to international markets.
Discussions and Insights
A panel discussion was held during the workshop, focusing on:
- Developing robust industrial infrastructure.
- Policy support for employment-driven growth.
- Reducing formalities for industrial setup.
Vision for the Future
The New Industrial Development Policy 2024-30 is set to accelerate Chhattisgarh’s industrial transformation by attracting investments in high-potential sectors, generating employment, and driving sustainable development.
With initiatives like these, Chhattisgarh is on a path to becoming one of India’s most investor-friendly states, contributing significantly to the nation’s industrial and economic progress.
Author: This news is edited by: Abhishek Verma, (Editor, CANON TIMES)
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