The Chhattisgarh government announced on Monday that it has secured investment proposals worth Rs 15,184 crore from leading industrialists across various sectors. The investment commitments were revealed during the Investors Connect Meet held in New Delhi, where industrialists engaged in detailed discussions with Chhattisgarh Chief Minister Vishnu Deo Sai to explore business opportunities in the state.
The meeting attracted investors from a range of industries, including semiconductor, IT, electronics, food processing, electric vehicles (EV), electrical, and renewable energy. These discussions are expected to significantly boost the state’s industrial growth while creating thousands of jobs for local residents.
The largest investment proposal, amounting to Rs 11,500 crore, was from Renew Power Limited. The company plans to set up pump storage and green hydrogen projects in Chhattisgarh, according to Chairman and CEO Sumant Sinha.
Other major investment proposals include Rs 1,650 crore from TWI Group to establish an EV kit manufacturing unit for bikes, a logistics center of excellence, and a bamboo park. Polymatech Electronics Limited proposed Rs 1,134 crore to develop a semiconductor facility. Additionally, several other companies expressed their intent to invest, including Teleperformance (Rs 300 crore for a BPO center), Varun Beverages (Rs 250 crore for a PepsiCo bottling plant), and Micromax (Rs 100 crore for a solar cell manufacturing unit).
Chhattisgarh Chief Minister Vishnu Deo Sai assured the investors of full support from the state government, stressing that the government would ensure timely approvals and work to make the state an attractive business destination. “Chhattisgarh is emerging as a prime destination for investment, with robust infrastructure and a dedicated state government ready to ensure the success of businesses,” said Sai.
Chhattisgarh Industry Secretary Rajat Kumar highlighted that the state is diversifying beyond its traditional mining sector. “Chhattisgarh is rapidly evolving into a key hub for EV manufacturing and other industrial sectors. We are expanding our industrial base, with products ranging from pharmaceuticals to lighting equipment,” Kumar said.
He further emphasized the state’s ongoing reforms aimed at improving the business climate, offering incentives to both domestic and international investors. These reforms are part of Chhattisgarh’s strategy to strengthen its industrial capabilities, contributing to India’s broader ‘Make in India’ and ‘Digital India’ initiatives.
The investment commitments are expected to play a crucial role in driving economic growth and enhancing the state’s industrialization, positioning Chhattisgarh as a major player in India’s industrial landscape.
(With ANI Inputs)