The Chhattisgarh State Industrial Development Corporation (CSIDC) is planning to develop a Plastic Park in the State. The park will be developed as per a scheme for setting up of Plastic Park by chemicals and Petrochemicals Department, Government of India, officials stated. The Central Government’s support under the scheme by way of grant or equity will be limited to 50 per cent of the project cost subject to a ceiling of Rs40 crores for parks.
As per the scheme, the CSIDC has invited entities, organisation, joint ventures, and consortiums possessing the minimum requirements to participate in the project as co-developer in the Special Purpose Vehicle (SPV). SPV is formed especially for development, management and operation of plastic park.
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 and ITeS, biotechnology, food processing etc., becoming key investment drivers and has attracted both domestic and foreign investment over the past few years, officials stated.
The investment flow into the State has increased significantly during the past five years. As per the provisions of the Plastic Park Scheme (GoI), the project shall be implemented by a SPV. The CSIDC along with selected co-developer will submit application for in-principle approval to the Centre. Upon getting the in-principle approval, CSIDC will form SPV with co -Developer selected through this process.
The SPV thus formed will undertake preparation of Detailed Project Report (DPR) for submission to the Centre for final approval. The co-developer will play a lead role in developing the project, bear development cost of the park and take up marketing and promotion of the Park to attract investments. The proposed Park is to be developed as a state-of-the-art industrial Park for entrepreneurs in related businesses to set up new units within the Park.
The Park would also be developed to fulfill comprehensively the functional requirements in terms of common facilities, physical and social infrastructure amid a green environment. Suggested components for the Park may include among others. Notably, the CSIDC in order to boost investment in textile manufacturing sector in the State has earlier also proposed to develop an Integrated Textile Park at Tilda near Raipur.
The CSIDC is intending to develop the Park as per Scheme of Integrated Textile Park under Ministry of Textiles, Govern-ment of India, officials stated. The Expressions of lnterest (EOl) have been invited for being a part of SPV alongwith CSIDC. The CSIDC has invited entities, joint ventures, and consortiums having experience in textile manufacturing or intending to venture in to textile manufacturing sector.
The organisations will become part of the SPV formed by CSlDC specifically for the development, operation and management of lntegrated Textile Park. Further, each SPV member should set up a unit in the proposed Textile park, officials stated. Tentative cost of the project is estimated at Rs110 crore, including the cost of land.
The CSIDC is interested to formulate the development model and qualification criteria after taking views of the interested bidders. Notably, while simplifying the land allocation process for setting up industrial units in the State, the CSIDC has facilitated online submissions of the applications through its website and the State Government portal. CSIDC officials stated that applications for allocations of land will be accepted online only and applications on paper will not be entertained in its office.
Earlier, the applications were accepted in CSIDC’s office and the after completing the process, land was being allocated. As per the policy of State Government, for making business easy for the people in the State, online application submission has been started. The system of taking application in all offices of CSIDC has been ended, the officials informed.
Notably on January 13, the Chhattisgarh Cabinet endorsed the State’s ‘New Industrial Policy 2014-19’. The approval to the policy was accorded in a meeting chaired by Chief Minister Raman Singh at the Mantralaya in Naya Raipur. After the meeting, the Chief Minister provided detailed information about the Cabinet decisions.
He said that the policy includes the provision of subsidy worth Rs5 crore for establishing an Industrial Park in the private sector. Provision of establishing ‘land Bank’ over 10,000 hectares for various industries has also been included in the policy, Singh stated. Moreover, to promote bicycle manufacturing, pharmaceuticals, electronic products, textile industries etc, these industries will be included as ‘Priority’ in the new industrial policy. The prescribed limit for mega project will be reduced for these industries, so that they may get benefits of mega-project on lesser investment, he said.
Under the new industrial policy, the Chief Minister Cluster Development Scheme will be initiated, under which the State government will provide Rs50 lakh as subsidy. Singh said that on the lines of ‘Make in India’ concept, the State Government will implement ‘Make in Chhattisgarh’ policy under which manufacturing units of the related industries will be promoted with priority. The domiciles of Chhattisgarh will be encouraged to set up their own enterprises and they will also be provided better employment opportunities, he said.
Capital investment in the State will be promoted by making industry competitive in comparison to other States. Weaker sections of society such as Scheduled Caste, Scheduled Tribe, Disabled, Retired personnel, women and Naxal-affected families will be given preference under the policy. The mineral, forest and other resources available in the State will be naturally conserved, Singh said. For skill improvement of permanent residents of the State, participation of industries will be ensured, he said.
Moreover, Chhattisgarh Chief Minister Raman Singh on February 3 had said that there are immense possibilities for investment in the Electronics and Information Technology sectors in the State. He said that Chhattisgarh has already unveiled the new policy on Electronics, IT and ITeS . There are several attractive features in the new policy for the potential investors.
Singh said that the Central Government has accepted and approved the proposal to develop Electronic Manufacturing Park on 70 acres of land at Naya Raipur. Several electronics manufacturing units like medical electronic equipment, home theatre, mobile phones, CCTV cameras, Television sets and set-top box and computer spare parts,can be established in the Park, he said. There is a scope for Rs500 cr investment in the sector, he said.
Singh said that after developing core sectors like aluminium, cement , steel and power sectors the State Government is keen on developing non-core sectors. There was a need to amend Industrial policy and Information Technology policies, which we have done taking several inputs into consideration, Singh said. ‘Eco-system’ is being built for the conducive development of IT single window will be developed soon, he added.
The CM said that importance is being given to Information Technology, organic farming, solar energy and automobile industry. The entire landscape from Bastar to Surguja is covered with forest area. About Rs3,000 crore small forest produce business takes place in the State. The New Industrial Policy 2014-19 was passed recently by the Cabinet, the Chief Minister said.
Singh said in the new policy focus was laid on IT Developer, IT unit, Electronic producer, data centre. There are many proposals to encourage the potential investors. Incidentally, Chhattisgarh has received maximum proposals in the country for setting up industrial projects says the latest Industrial Entrepreneurs Memorandum (IEM) list released by the Department of Industrial Policy and Promotion (DIPP) Government of India, officials stated.
The State has received investment proposals to the tune of Rs1,61,836 crores which is way ahead of its follower Maharashtra, officials said. Chief Minister Raman Singh credited the achievement to the conducive industrial environment and developing people of the State and said that he anticipates that these proposals will convert into real investments. This will take the industrial growth rate much higher than other States, he said. The officials said that according to the IEM list released in September 2014, as many as 24 big investors have filed IEMs for setting industries in Chhattisgarh with an investment proposal of Rs1,61,836 crores. For an investment of more than Rs5 crore the IEM is filed with the DIPP.
Of the total proposals filed with DIPP about 45 per cent investment proposals are for Chhattisgarh. The proposals include Salasar Steel and Power, Vaibhav Energy, GVS Industries, DB Power, Adani Mining Private limited, Real Ispat and Power limited, Hind Multiservices Private limited, Nova Iron and Steel limited, BEC Fertilizers, Vedanta Washery and logistic Solutions Private limited, Ecorex Buildtech Private limited, Adani Synergy limited, Adani Enterprises limited, Keshav Energy, BEC Foods, Ananta Power Projects Private limited, Goyal Energy and Steel Private limited, Shyam Indus Power Solutions Private limited.
The proposals are mainly for setting up iron and steel, power, solar power, mining, food products, food processing etc industries in the State. This investment proposal proves that the environment is favourable for industrial investment in the State. In addition to this the new investment policies for agriculture, food processing policy and solar policy has been successful in attracting the investment proposals, officials said.
An Electronic Manufact-uring Cluster is coming up in Naya Raipur and a Mega Food Park in Dhamtari district. Work is underway for Engineering Park in Bhilai for setting up engineering equipment industries, officials added. The cluster will be established by CSIDC during the next three years. The CSIDCl had sent a proposal to the Central Government regarding development of ‘Electronic Manufacturing Cluster’ over 70 acres of land in Naya Raipur.
The estimated cost of the ‘Electronic Manufacturing Cluster’ is Rs105 crore where the Central Government will contribute Rs50 crore for the project while remaining expenses will be borne by the State. Development of ‘Electronic Manufacturing Cluster’ will open gates for investment of Rs500 crore in 50 industries and will create employment opportunities for about 1,000 people. It is a major achievement in the direction of establishing pollution-free industries of Non-core sector in Naya Raipur, officials stated.