Chhattisgarh Attracts Billions in Investments for Diversified Industrial Growth
Key Ideas
  • Chhattisgarh Government secures 15,184 INR-Crore investment proposals, with a focus on sectors like semiconductors, EVs, and green hydrogen.
  • Renew Power Ltd leads with a pledge of 11,500 INR-Crore for pump storage and green hydrogen projects.
  • The investments align with national missions, positioning Chhattisgarh as an industrial hub for innovation and sustainable development.
  • Noteworthy proposals include investments from TWI Group, Polymatech Electronics, Teleperformance, Varun Beverages, Paramount Communications, and Micromax.
The Chhattisgarh Government recently announced a major boost to its industrial growth with investment proposals amounting to 15,184 INR-Crore received during the Investors Connect Meet in New Delhi. The event attracted significant interest from domestic and international industrialists and companies looking to capitalize on the thriving industrial sectors in Chhattisgarh. Investments spanned across various industries such as semiconductors, IT, electronics, food processing, electric vehicles (EV), electricals, and renewable energy. Among the notable proposals, Renew Power Ltd stood out by committing nearly 11,500 INR-Crore to develop pump storage and green hydrogen projects within the state. Other significant investments include TWI Group's 1,650 INR-Crore for establishing a manufacturing unit for EV kits, a logistics center, and a bamboo park. Polymatech Electronics Ltd proposed an investment of 1,134 INR-Crore, while Teleperformance announced plans to invest 300 INR-Crore in a BPO center. Varun Beverages shared intentions to set up a PepsiCo bottling plant with an investment of 250 INR-Crore, and Paramount Communications pledged 250 INR-Crore towards job creation. Micromax also proposed a 100 INR-Crore investment in a solar cell manufacturing unit. These investments in Chhattisgarh are in line with the 'Make in India' and 'Digital India' initiatives, aiming to establish the state as a hub for innovation and sustainable development. The contributions from various companies showcase a diverse range of sectors being targeted for growth and development. Overall, the investments are expected to drive economic growth, create job opportunities, and foster technological advancements in the region.
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