The Chhattisgarh Government signed a total of seven MoUs with as many number of companies totalling proposed investment of Rs 236 crore here on Wednesday.
The MoUs have been signed for proposed investment in food processing, electronics, coal and engineering sectors in 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 the 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.
Present on the occasion were Chhattisgarh, Industries Minister Amar Agrawal, Chief Secretary, Vivek Dhand, Principal Secretary to Chief Minister Aman Kumar Singh, Commerce and Industry Secretary, Subodh Kumar Singh, Secretary to Chief Minister Kartikeya Goel and Managing Director, CSIDC, Sunil Mishra,
Subodh Kumar Singh, Secretary, Department of Commerce & Industries signed the MoU on behalf of Government of Chhattisgarh while Sumit Dhanuka, Managing Director, SDSl; Mahendra Agrawal, Director, ligero; Prashant Mandhan, Partner, Beesons; Akash Agrawal, Asquare Food & Bewerages; Manish Rungta, Managing Director, Tirumula Balaji Smelters; Virendra Goel, Director, Chhattisgarh Coal & Power; Rahul Gupta, Director, APl Apollo Tubes on behalf of their company.