Chief Minister Raman Singh on Tuesday addressed a huge gathering of investors in South Korean Capital Seoul.
The Chief Minister provided a detailed presentation of Prime Minister Narendra Modi's 'Make In India' policy and immense possibilities of investment opportunities in Chhattisgarh.
Singh said that environment is peaceful and conducive for large-scale investments in Chhattisgarh.
Raw material is abundantly available which gives value addition to the products, he said.
The conference was organized by the Confederation of Indian Industry (CII) at the headquarters of 'Korea Trade-Investment Promotion Agency' in Seoul.
Singh later met investors separately and had detailed discussions.
Vikram Doraiswami, Ambassador of India in Republic of South Korea gave the opening remarks at the seminar and highlighted Chhattisgarh achievements of last several years.
Won Sok Yun, Executive Vice President, Business Information & Trade, KOTRA gave the address at the seminar.
N Baijendra Kumar, Additional Chief Secretary to Chief Minister and Commerce & Industries, Government of Chhattisgarh gave the address during the Chhattisgarh Investors Seminar here in Seoul.
He also presented the Advantage Business Chhattisgarh video which was well received and appreciated in terms production values and providing comprehensive information about state’s strength and evolving opportunities.
Vivek Dhand,Chief Secretary, Government of Chhattisgarh gave the presentation on 'Advantage Chhattisgarh: A Credible launch Pad for Business' to the audience and highlighted sectors for investments in Chhattisgarh in sunrise sectors like IT/ ITeS, electronics, food processing, engineering, manufacturing, Solar Equipment Manufacturing among others discussed with the delegation. The presentation was very much applauded and appreciated by the investors.
Aman Kumar Singh, Principal Secretary to Chief Minister and IT, Government of Chhattisgarh gave the presentation on Naya Raipur & Smart City.
He highlighted on investment opportunities in Naya Raipur to the dignitaries.
In the investment seminar, the Chief Minister addressed audience and showcased Chhattisgarh in a significant manner and provided the brief about Chhattisgarh's key infrastructure projects and invited companies from South Korea to visit Chhattisgarh and explore business opportunities in the State.
Singh address have been highly applauded and got the standing ovation at the seminar.
The Chhattisgarh government signed a total of seven MoUs with as many number of companies totalling proposed investment of Rs 236 crore on May 4 last year in Naya Raipur.
The MoUs have been signed for proposed investment in food processing, electronics, coal and engineering sectors in esteemed presence of Chief Minister Raman Singh at the office at his residence here.
As per these MoUs, an investment of Rs 236 crore across electronics, food processing, engineering and coal value addition sectors would generate employment opportunities of over 2000 local youth in state.
On the occasion, Chief Minister Raman Singh said that Chhattisgarh Government is making consistent efforts to make Prime Minister Narendra Modi's vision of 'Make In India' a success.
This has created favourable environment for new capital investments in the State.
Singh said that MoUs will prove beneficial in the direction of implementing Prime Minister Narendra Modi's 'Make in India' vision.
In the programme organized at Chief Minister's residence, three MoUs with SDSl Electronics Pvt. ltd., ligero Electronics Pvt. ltd. and Beesons have been inked by the Government of Chhattisgarh for investment in electronics sector.
These companies will establish lED manufacturing units in EMC, Naya Raipur and will bring cumulative investments of around Rs 56 crore in the State.
These projects will employ highly qualified professionals and highly skilled manpower in the State. The project is a fervent endeavour to bring the enabling electronics manufacturing ecosystem in Chhattisgarh.
Demonstrating State Government’s commitment to develop food processing sector in the State, an MoU has been signed with Asquare Food & Bewerages Pvt. ltd. to establish spice processing plant in Chhattisgarh and will bring investments of Rs 25 crore. The spice manufacturing process involves procuring, cleaning, de-stoning, milling, roasting, packaging and storage of spice products.
Another MoU was signed with Chhattisgarh Coal & Power incorporated by Nakoda Group for setting up of 4 MTPA capacity Coal Washery unit in Korba with an investment of Rs 60 crore. The land allotment of the same is already in process by CSIDC.
The MoU signed with APl Apollo Tubes Pvt. ltd. (subsidiary of Sudesh Group) for setting up of ERW Galvanised and pre galvanised steel tubes and hollow section would boost construction sector in the State.APl Apollo Tubes Pvt. ltd. will invest Rs 75 crore for the project in Raipur.
Tirumala Balaji Smelters Pvt. ltd. (subsidiary of Rungta Industries) signed an MoU with the State Government to manufacture railway engineering products in Chhattisgarh. The proposed manufacturing facility will produce railway track inserts and elastic rail clip with an investment of Rs 20 crore in the State.
CM Raman Singh said that to realize Prime Minister's vision of ‘Make in India’, Government of Chhattisgarh has adopted a focussed policy approach which includes ease of doing business, development of world class industrial infrastructure and enacting business friendly policies to facilitate business and investment in the State.
Chhattisgarh has always been one of the preferred states in the country for business and investment but so far most of the investments have been made in core sectors like mining, steel, aluminium, cement etc, he said.
There is huge potential for non-core sectors like electronics, food processing, engineering, solar equipment etc. which are to being promoted as strategic sectors in the State.
In the last financial year (2015-16), the State Government signed MoUs of more than Rs 54,000 crore across various focussed sectors. Most of these MoUs have come under implementation.
New sectors like electronics have got new boost with approval of Electronics Manufacturing Cluster (EMC) in Naya Raipur. About Rs 1,500 crore investment is proposed in electronics sector in Chhattisgarh which would create over 5,000 employment opportunities in Chhattisgarh. Two thirds of the EMC has already been booked by these companies.
The Chhattisgarh government has commenced the process of setting up the Electronic Manufacturing Cluster (EMC) at Sector-22 of the new capital.
Initially, infrastructural development works such as construction of boundary wall, roads , drainage, culverts, water supply system and streets light would be taken up.
Notably, the Chhattisgarh government will also be setting up an IT SEZ in the vicinity of the EMC to be established at Sector 22 in the new capital.
The EMC would be at located about 7 kms from the Swami Vivekananda Airport, Raipur. The site enjoys abundant water supply from the Mahanadi river and also have also sufficient power connection to cater the needs of operation in EMC, officials stated.
The location of the EMC is at Tuta village of Naya Raipur . The chief promoter of the project is Chhattisgarh State Industrial Development Corporation (CSIDC) and the project is to be established in an area measuring 70 acres .
As of now, there is minimal presence of Electronic System Design & Manufacturing (ESDM) sector in the State. However, with its inherent strengths, the State has immense potential to become an ESDM hub of the country, officials stated.
Chhattisgarh has emerged as a lucrative investment hub among its competing states with sectors like power, mining and minerals, manufacturing, sponge iron and steel, IT/ITes, biotechnology, food processing, etc. becoming key investment drivers and has attracted both domestic and foreign investment over the past few years.The State is steadily garnering support from the investors, transforming it to a manufacturing and power hub of the country. While the state administration is based in Raipur, a new capital for Chhattisgarh at Naya Raipur has been developed.
Chhattisgarh is poised to become the next ESDM hub of India with the availability of enabling infrastructure, minerals and talent pool.
The proposed EMC is aimed at providing one stop integrated facilities with manufacturing support, welfare and common infrastructure facilities to the prospective electronics manufacturing industries. The proposed EMC is envisaged to house world class eco system for electronics manufacturing industries.
Assessments of the key infrastructure availability in the catchment area of the Project Site suggest that the catchment region is well equipped with the sector enabling infrastructure.
Six-lane expressways provide easy access to the city. At present, access is through NH-43 at the south- eastern boundary and NH-6 at the northern boundary of Naya Raipur. Nearly 75.2 km of 4 lane/six lane roads have already been constructed. 61 km road network is under construction, officials stated.
The power requirement of Naya Raipur is to be met in three phases. The city is having an underground power distribution system along with SCADA (Supervisory Control and Data Acquisition) system to have online monitoring and control of power supply.
Non-conventional and alternative energy resources are being used to the maximum. Street lighting is planed using latest technology with network control and lEDs. Solar power will be used widely in administrative buildings, street lighting and traffic signals, officials stated.
Chhattisgarh is among 16 states which had implemented the '340-point Business Reform Action Plan 2016' to design and implement an online single window system with functionality for online application, payment and approvals, the Central Government has informed.
The 16 States/UTs implemented this reform in 2016 are- Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Telangana, Uttarakhand, Uttar Pradesh and West Bengal, it informed.
Notably, the role of Department of Heavy Industries (DHI) is confined to the administration of the Central Public Sector Enterprises (CPSEs) under its administrative control.
Any centralized data on investment made in industrial sector is not maintained in DHI. Further, Department of Industrial Policy & Promotion (DIPP) under the Ministry of Commerce & Industry has also not reported any such data.
The Department of Industrial Policy and Promotion (DIPP) has reported that Government of India has been working towards adopting international best practices and has made significant advancement over the years. Government has taken vigorous measures to make it easier to invest or to do business in India by undertaking various reforms.
Major national steps have been designed to facilitate investment; foster innovation and enhance skill development. The goodwill generated by the Government’s hard work and efforts has yielded an unprecedented level of interest among investors, both foreign and domestic.
A 98-Point Action Plan for improving the regulatory framework for business as part of easing the doing business in the country was shared in December 2014. Subsequently, a report titled “Assessment of State Implementation of Business Reforms” was released in September 2015 capturing the findings after taking the stock of reforms implemented by States.
The assessment, first of its kind, promoted both competitive and cooperative federalism among the States and Union Territories (UTs).
The first 98-point Action Plan created a wave of regulatory improvement measures and the need to sustain the momentum of the regulatory reform; a 340-Point Business Reform Action Plan for States and Union Territories (UTs) was circulated by Government to all States/UT Governments in the year 2015-16.
