THIS Indian state attracts investments worth Rs 6750000000000 from…; not UP, Bihar, Delhi, Telangana, Tamil Nadu, name is…
In a significant milestone in the economic development of the Chhattisgarh, the once naxal-infested state has attracted investment proposals worth over Rs 6.75 lakh crore in the last one and a half years, and is emerging as one of the fastest-growing industrial hubs in India, the state government has stated.
How Chhattisgarh emerged as a major industrial hub?
The state’s progress as an industrial hub was further reinforced at the ‘Industry Dialogue 2′ held in Raipur on Tuesday, where investment proposal worth Rs 1.25 lakh crore were finalised in presence of Chhattisgarh Chief Minister Vishnu Deo Sai, officials said, adding that the strong interest from investors highlights the state’s growing importance in India’s industrial landscape.
Addressing the investors’ summit, CM Sai noted that even remote places like like Bastar, once focused on security due to Naxalism, are now becoming hubs of industry, technology, and employment, which is a clear step toward realising Prime Minister Narendra Modi’s Viksit Bharat 2047 vision.
“Chhattisgarh is no longer just a land of minerals, but a land of potential. We are bringing remote regions, such as Bastar, into the mainstream of development. Investors today are getting stability, security, and swift decision-making,” the Chief Minister said.
Sai said the new investment proposals are not limited to traditional mining areas but are focused on future sectors like IT, semiconductors, healthcare, green energy, and logistics.
What is the Industrial Policy 2025 that transformed Chhattisgarh?
The Chief Minister also hailed the recently implemented Industrial Policy 2025 , which according to him played a key role in transforming Chhattisgarh into an investor-friendly destination.
The key features of the policy include the Single Window System 2.0, over 350 reforms, fast-track land allotment, auto-approval mechanisms, and special incentives for women entrepreneurs, SC/STs, third gender, and rehabilitated former Naxalites. The state has effectively transitioned from ease to speed of doing business.
Additionally, as part of the policy, Chhattisgarh has also announced its first Special Economic Zone (SEZ) near Raipur, with a focus on IT, pharmaceuticals, and electronics manufacturing. The SEZ will offer plug-and-play infrastructure, subsidised land, and rapid administrative clearances, designed to attract significant foreign direct investment and enhance the state’s export-oriented growth model.
Why Chhattisgarh attracted mega investment?
Notably, companies across diverse sectors have pledged over Rs 5.5 lakh crore in investments in Chhattisgarh after the implementation of the new industrial policy, out of which Rs 3.5 lakh crore is dedicated to power generation, including 12,000 MW of thermal power, 12,000 MW of renewable energy, and 4,000 MW of nuclear energy, according to the government.
Chhattisgarh aims to increase its Gross State Domestic Product (GSDP) from Rs 5.68 lakh crore in 2024-25 to Rs 6.35 lakh crore by the end of the current fiscal year, and to support this growth, the state government has raised its capital expenditure from Rs 22,000 crore to Rs 26,000 crore, with a strong focus on infrastructure, officials said.
Currently, Chhattisgarh maintains a growth rate of 7.5 per cent, which is above the national average, signalling Chhattisgarh’s firm and focused stride towards becoming a vital pillar of the Viksit Bharat vision, they said.
(With inputs from agencies)
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