Chhattisgarh Attracts Foreign Investment Boost with New Industrial Policy
Key Ideas
  • Chhattisgarh engages with US and Russian Consul Generals to explore FDI opportunities in sectors like health, education, IT, and tourism.
  • The state attracts Rs 6,000 crore in investments with a focus on plastic, textile, IT, and food processing industries, including a significant proposal from Ambuja Cement.
  • Under the new Industrial Policy 2024-30, Chhattisgarh adopts a 'Minimum Governance, Maximum Incentives' approach to streamline processes and offer attractive benefits for investors.
  • The state introduces provisions for investments in emerging industries like Artificial Intelligence, Robotics, Computing, and Green Hydrogen, with special focus on the growth of the IT industry in the modern city of Nava Raipur.
Chhattisgarh is making strides in attracting foreign investment with Chief Minister Vishnu Deo Sai engaging with US and Russian Consul Generals to discuss opportunities in various sectors. The state has successfully secured investments amounting to Rs 6,000 crore, with a notable proposal from Ambuja Cement. By launching the new Industrial Policy 2024-30, Chhattisgarh aims to simplify processes and provide significant incentives for investors, leading to a total investment of Rs 1 lakh crore from recent Investor Connect Meets. The policy emphasizes a 'Minimum Governance, Maximum Incentives' approach and introduces attractive benefits like NOC streamlining and single-window clearances. Notably, Chhattisgarh is keen on promoting investments in emerging industries such as Artificial Intelligence, Robotics, and Green Hydrogen. The focus on the IT industry in the modern city of Nava Raipur further showcases the state's commitment to economic growth. With special concessions in key sectors and a Bespoke Policy for large investments, Chhattisgarh is positioning itself as a favorable destination for both domestic and international investors.
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