New Delhi [India], December 24 (HBTV): The Chhattisgarh government on Monday announced that the state had received investment proposals worth INR 15,184 crore from leading industrialists for setting up industries in various industrial sectors at the Investors Connect Meet held in New Delhi.
Key industrialists from both India and abroad had engaged in detailed discussions with Chhattisgarh Chief Minister Vishnu Deo Sai to explore investment opportunities in the state. These discussions focused on potential investments that promise to drive the state's industrial growth while generating thousands of jobs for its residents.
Investors from various sectors like semiconductor, IT, electronics, food processing, EV, electrical, renewable energy, etc. showed keen interest in setting up business in the state.The highest amount of investment proposal of INR 11,500 crore came from Renew Power Limited. The company's Chairman and CEO Sumant Sinha said that the proposal was given for setting up pump storage and green hydrogen projects in Chhattisgarh.
Other notable investment proposals include INR 1,650 crore by TWI Group for setting up a manufacturing unit for EV kits for bikes, a logistics centre of excellence, and a bamboo park; INR 1,134 crore proposal from Polymatech Electronics Limited MD Ishwar Nandan in the semiconductor sector.
Teleperformance COO Ashish Johri shared the investment plan to set up a BPO centre in Chhattisgarh by investing INR 300 crore, Varun Beverages CEO Kamlesh Jain expressed his desire to invest INR 250 crore in a PepsiCo bottling plant, Praveen Gupta of Paramount Communications promised an investment of INR 250 crore and ensuring about 1000 jobs, and Micromax's Rajesh Agarwal proposed an investment of INR 100 crore in a solar cell manufacturing unit.
CM Vishnu Deo Sai assured investors of full support, emphasizing the state's commitment to providing timely approvals and facilitating ease of doing business.'Chhattisgarh is emerging as a prime destination for investment, with robust infrastructure and a dedicated state government ready to ensure the success of businesses,' Sai said.
Addressing the gathering, Chhattisgarh Industry Secretary Rajat Kumar said Chhattisgarh is not just about mines and minerals but is rapidly evolving into a significant hub for electric vehicle (EV) manufacturing.He said, 'The state is diversifying its industrial base and has become a key player in the production of a wide range of products, from pharmaceuticals and train shells to televisions and lighting equipment.'
'In an effort to further boost economic growth and attract investments, the Chhattisgarh government is actively introducing reforms in its policies. These reforms are designed to create a more favorable business environment, with incentives aimed at both domestic and international investors,' Kumar said.
This initiative is expected to significantly contribute to the national goals of 'Make in India' and 'Digital India,' marking a key step in Chhattisgarh's economic development and industrialization.
(ANI)