103 MoUs In Two Years For Setting Up Industries In Chhattisgarh

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Raipur : A total of 103 MoUs have been signed in the last two years under the leadership of Chhattisgarh Chief Minister Bhupesh Baghel for setting up industries in the state with a proposed capital investment of Rs 42 thousand crore. These industries will generate more than 62 thousand new employment opportunities for the youths of Chhattisgarh. Read further after the advertisement…..

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The new industrial policy of Chhattisgarh and the steps taken by the state government in the interest of industries during the Corona period have led to the creation of a better industrial environment in the state. During the Corona-crisis period, the entire country was affected by the economic slowdown, while industries in Chhattisgarh remained untouched by the recession.

During the lockdown, Chhattisgarh’s industries were first in the country to have started functioning in the month of April. Many concessions and facilities were given by the state government keeping in view the difficulties faced by the industries.

Industries in the core sector were given subsidies in electricity bills. All necessary arrangements were made to ensure supply of raw materials, and finished goods to reach the market. Guidelines were also issued to enable easily supply of raw materials from other states to Chhattisgarh. To ensure running of steel and cement industries, activities like road and building construction work were continued with no change in electricity rates and in the terms and conditions. Read further after the advertisement……

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Rice mills were given five per cent rebate in energy charges. Industries were also given exemption in due date of payment of electricity bills. During the lockdown period, Chhattisgarh produced 27 lakh tonnes of steel, which was the highest compared to other states. A new industrial policy was formulated, which opened new doors of possibilities for industries and also strengthened agriculture sector in the state.

The new policy gave priority to agriculture and forest produce based industries. All kinds of incentives are being given to mineral based industries. Under the new industrial policy, special investment incentive package has now been arranged for investment in the mega ultra-mega project of sponge iron and steel sector. Investment incentives up to a maximum of Rs 500 crores has been given in this package for mega investors and investment incentive of Rs 1000 crores was being given for Bastar division.
The state government has not only been giving discounts and facilities to investors, but also taking care that they could establish industries in the state with ease. Procedures have been simplified for this. For allocation of land in industrial areas, the land allocation charges has been reduced by 30 per cent. Land rent has been reduced by one per cent. Rules have been made in industrial areas to free hold land up to 10 acres from lease hold. Industrial land and building management regulations have been simplified. Read further after the advertisement……

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Despite unusual circumstances, 464 start-ups have successfully started in Chhattisgarh. Since January 01, 2019, 103 MoUs have been done so far, in which there will be a capital investment of more than Rs 42 thousand 154 crore. There have been 80 MoUs in the steel sector, in which a capital investment of Rs 37022.22 crore is proposed. An MoU was signed in the cement sector, in which a capital investment of Rs 2000 crore is proposed. There were 7 MoUs in the ethanol sector, with a capital investment of Rs 1082.82 crore.

Capital investment of Rs 283.61 crores has been proposed through 5 MoUs in Food Sector, Rs 56.41 Crores through 3 MoUs in Pharmaceutical Sector, Rs 529.50 Crores through 3 MoUs in Defense Sector and Rs 1179.99 Crores through 4 MoUs in other sectors. This will create 52,206 employment opportunities in the steel sector, 450 employment opportunities in the cement sector, 986 employment opportunities in the ethanol sector, 2,434 employment opportunities in the food sector, 393 employment opportunities in the pharmaceutical sector, 4494 employment opportunities in the defense sector and 1,105 employment opportunities in other sectors.