Chhattisgarh gets ₹3.7k-cr investment proposals

The Chhattisgarh government said companies such as Britannia, Kaynes Energy and Gokaldas Exports have committed to invest ₹3,700 crore in the state during an investor connect meeting held in Bengaluru on Wednesday.

The proposals have come from companies in sectors such as engineering, textiles, electronics, IT/ITeS, food processing and green fuel, state officials said.

The state government also signed memorandums of understanding with Nasscom, India Electronics and Semiconductor Association and TiE Bangalore to explore investment opportunities and generate employment in information technology, startup and semiconductor sectors in the state, they said.

Addressing investors, Chhattisgarh chief minister Vishnu Deo Sai said the state is becoming a model state of good governance. “The state’s new industrial policy simplifies business approvals through a single-window system and offers attractive incentives, including tax benefits, capital investment reimbursements (30-50per cent), and employment-linked incentives,” he said.

Chhattisgarh’s capital of Raipur is emerging as central India’s premier IT hub, he said. “The Greenfield city of Nava Raipur also presents significant potential for IT industry expansion,” the CM said, adding that Bastar and Surguja have been identified as priority regions for industrial investment and additional benefits such as exemptions on iron and coal royalty.

Among the companies that presented investment proposals at the meeting, GPSR Arya is set to invest ₹1,350 crore in the compressed biogas green fuel sector in the state. In the textile industry, Klene Paks proposed to invest ₹500 crore to boost manufacturing capacity, while Gokaldas Exports and SRV Knit Tech offered to invest ₹100 crore each.

Britannia committed to invest ₹200 crore in the food processing sector, which will benefit local farmers and small entrepreneurs. Kaynes Technology proposed to invest ₹1,000 crore in IT/ITeS.