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Chhattisgarh has secured investment proposals worth Rs 3,700 crore during the ‘Investors Connect Meet’ in Bengaluru. Chief Minister Vishnu Deo Sai, who attended the event, highlighted the state’s pro-business policies and infrastructure, successfully engaging with top industrialists and investors from Karnataka. The event saw keen interest from major tech companies looking to expand into Chhattisgarh, marking a significant boost for the state’s growing economy.
The Chief Minister emphasized that Chhattisgarh’s new industrial policy played a crucial role in attracting these investments. Key features of the policy include single-window approvals for faster clearances, capital investment reimbursements of 30-50%, and employment-linked incentives. The policy also focuses on emerging sectors such as Artificial Intelligence, Robotics, Green Hydrogen, and Computing, offering special incentives to businesses venturing into these fields. Additionally, tax benefits and royalty exemptions are being offered for industries in the tribal regions of Bastar and Surguja, along with the development of a 118-acre industrial zone near Nagarnar Steel Plant to support MSMEs.
Naya Raipur is quickly emerging as a central IT hub with over $1.6 billion in investments. Several IT firms have already established their presence, supported by state-of-the-art infrastructure for the IT and semiconductor industries. The government is also focusing on boosting tourism in Bastar by improving air connectivity to key tourist attractions like Kotumsar Caves and Chitrakote Falls, commonly referred to as “Asia’s Niagara Falls.”
In addition to promoting investments, the Chhattisgarh government has signed Memorandums of Understanding (MoUs) with NASSCOM, the India Electronics and Semiconductor Association (IESA), and TiE Bangalore to boost its IT, startup, and semiconductor sectors. These collaborations are aimed at generating employment opportunities and strengthening the state’s tech ecosystem.
The state has also implemented business-friendly reforms to reduce bureaucratic delays. These include digitized land allotment systems, faster approvals, and simplified registration processes, such as reducing GST registration time from 25 days to 3 days and electricity connections from 28 days to 7 days. By streamlining procedures, Chhattisgarh is creating a more conducive environment for businesses to thrive.