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New Delhi, Nov 25 (IANS) Chhattisgarh has received investment proposals worth Rs 6,321 crore in industries and over Rs 505 crore in the tourism sector and this is expected to generate employment for over 3,000 people, Chief Minister Vishnu Dev Sai said at the Investor Connect Meet here on Tuesday.
Addressing investors, the Chief Minister said Bastar was witnessing a remarkable transformation with a decline in Maoist violence and improvement in roads, internet connectivity and security.
He said that Bastar is fast emerging as a new hub for both investment and tourism, the government aims to make Bastar completely Maoist free by March 2026.
SAI highlighted that Chhattisgarh is one of the leading power producing states of India and has received investment proposals worth over Rs 3.5 lakh crore at the recent Energy Summit, with work on several projects having started.
The Chief Minister said the state’s industrial policy – offering capital and interest subsidies, electricity duty waivers, stamp duty concessions and customized packages for large investments – is one of the most modern and investor-centric in the country.
He said that with the above investment proposals, the state has received proposals worth more than Rs 7.90 lakh crore since the implementation of the new policy, which shows the growing confidence of investors.
Emphasizing on the logistics advantages, the Chief Minister said Chhattisgarh’s central location strengthens supply chains, expanding industrial corridors, better highways, airport connectivity and an improved rail network make the state an ideal destination for manufacturing.
He said that in line with India’s 2070 net-zero target, Chhattisgarh is promoting green steel, green energy and renewable energy sectors supported by attractive incentives. The state also has huge solar potential due to its geographical location on the Tropic of Cancer.
Reiterating Chhattisgarh’s identity as a major steel hub, the Chief Minister pointed to the presence of Bhilai Steel Plant and Nagnar Steel Plant as well as abundant iron ore reserves, which have created a natural ecosystem for steel-based industries.
He said, reliable power and water supply, skilled manpower and peaceful environment make the state highly suitable for investment in this sector.
The Chief Minister said that Chhattisgarh is now witnessing rapid growth in future-oriented sectors like aerospace, defence, electronics, medical devices, IT and IT-enabled services.
Special steel-related industries – such as auto component and medical device manufacturing – are also expanding, supported by the new industrial policy that identifies special steel as a key sector, he said, adding that dedicated clusters are being developed to support these industries.
–IANS
RCH/UK