The Chhattisgarh government announced on Monday, December 23, that the state has secured investment proposals worth an impressive Rs15,184 crore during the Investors Connect Meet held in New Delhi. This development is set to propel industrial growth and generate employment opportunities across various sectors.
Prominent Investors Show Interest
At the event, Chief Minister Vishnu Deo Sai engaged in meaningful discussions with prominent industrialists from India and abroad, exploring avenues for economic collaboration. The investment commitments span diverse industries, including semiconductors, information technology, electronics, food processing, electric vehicles (EV), renewable energy, and more.
Major Investment Highlights
Renew Power Limited emerged as the top investor, proposing Rs11,500 crore for pump storage and green hydrogen projects. Speaking about the investment, Sumant Sinha, Chairman and CEO of Renew Power, expressed confidence in Chhattisgarh's potential to become a green energy hub.
Other key investment proposals included:
TWI Group: Rs1,650 crore to establish an EV kit manufacturing unit, a logistics center of excellence, and a bamboo park. Polymatech Electronics Limited: Rs1,134 crore in the semiconductor sector, shared by Managing Director Ishwar Nandan. Teleperformance: Rs300 crore to set up a BPO center, announced by COO Ashish Johri. Varun Beverages: Rs250 crore for a PepsiCo bottling plant, presented by CEO Kamlesh Jain. Paramount Communications: Rs250 crore for various projects, promising around 1,000 jobs. Micromax: Rs100 crore to establish a solar cell manufacturing unit, proposed by founder Rajesh Agarwal.Government's Commitment to Investors
Chief Minister Sai assured investors of the state's unwavering support, emphasizing streamlined approvals and a business-friendly environment. The government is determined to position Chhattisgarh as a preferred destination for industrial ventures.
Rajat Kumar, the state's Industry Secretary, highlighted Chhattisgarh's transformation from being primarily a mining state to a diversified industrial hub. He noted the state's emergence as a significant player in manufacturing electric vehicles, pharmaceuticals, and consumer electronics, among other sectors.
Supporting National Initiatives
This wave of investment aligns with India's "Make in India" and "Digital India" campaigns, reinforcing Chhattisgarh's pivotal role in advancing the nation’s economic goals. With these projects, the state is poised to become a crucial contributor to the country’s industrialization and technological innovation.
Chhattisgarh's success in attracting Rs15,184 crore in investments reflects its evolving industrial landscape and commitment to sustainable development. These initiatives are expected to drive economic growth, create jobs, and solidify the state’s position as a major industrial hub.