Chhattisgarh Attracts Rs 33,321 Crore Investment
Chhattisgarh is on the rise as it secures a staggering investment proposal worth Rs 33,321 crore at the Investors Connect Meet held in Ahmedabad, Gujarat. This initiative is expected to generate over 10,532 jobs across various sectors. Major industrialists, including Torrent Power Ltd, have shown keen interest in investing in areas such as green steel manufacturing, pharmaceuticals, and solar energy.
During the event, Chief Minister Vishnu Deo Sai emphasized the potential of Chhattisgarh, highlighting its rich energy resources, minerals, and skilled workforce. He invited investors to explore opportunities in the state, which is rapidly growing into an industrial hub. The CM noted that while Gujarat symbolizes enterprise, Chhattisgarh offers an attractive industrial policy that makes it a favorable destination for investment.
The highest proposal of Rs 22,900 crore came from Torrent Power Ltd for establishing a 1600 MW thermal power plant, expected to create 5,000 jobs. The Chief Minister pointed out that the state government has implemented over 350 reforms in the last 22 months, enhancing the ease of doing business and expediting the issuance of necessary approvals through a single-window system.
Chhattisgarh has been proactive in attracting investments, with proposals exceeding Rs 7.5 lakh crore received to date. The state ranks second in coal production and has immense potential for industries related to thermal, hydel, and solar energy. Additionally, Nava Raipur is being developed as a hub for IT and AI, attracting interest from semiconductor and electronics companies.
The state is also recognizing tourism as an industry, opening new avenues for investment in the hospitality and wellness sectors. Notable investments include proposals from Lyceum Life Sciences Pvt Ltd for pharmaceuticals, and Onix-Three Enersol Private Ltd for green hydrogen and steel manufacturing.
This Investors Connect series, with earlier editions held in various cities, reflects the growing confidence among investors in Chhattisgarh's governance model, characterized by speed, stability, and support. The Chief Minister's vision for the state positions it as a significant player in India’s economic landscape, ready to embrace new opportunities and challenges ahead.
