The Chhattisgarh Government inked Memorandum of Understandings (MoUs) worth Rs 3,401 crore with five industrial houses here on Monday.
The MoUs were signed during a meeting chaired by Chief Minister Raman Singh at his official residence between the State Government and five companies dealing in cement, power, solar power, coal washeries, Engineering and Electronics sector.
According to officials, these projects will provide employment to over 2,000 youths in Chhattisgarh.
“Under the ‘Make-in-India’ campaign launched by Prime Minister Narendra Modi, Chhattisgarh is also constantly receiving investment for industrial projects,” the Chief Minister said after the execution of MoUs.
He informed that during the fiscal 2015-16, MoUs worth Rs 54,000 crore were inked in the focus sector and on a large number of projects, production has already commenced.
Officials further said that MoU of Rs 1832 core was signed with Neco Industries Pvt. ltd for the setting of a 3 MTPA Cement plant in Baloda Bazaar and 60 MW captive Power Plant. This project will provide jobs to 461 youths.
likewise, MoU signed with lanco Solar Energies Pvt. ltd for the construction of Solar PV Panel and modules will attract investment of 1435 crore.
lanco Solar has formed a consortium with CETC-48 (a Hong Kong based Company) and Asia Pacific Geraldton limited. The implementation of the project will provide jobs to 1482 skilled and highly skilled youths.
In the same way, with RenjuInfracom Pvt. ltd, the State government has signed MoU for the investment of Rs 80 crore to facilitate the construction of 60 lTPA Coal washery and railway siding. This project will generate employment opportunity for 30 youths.
Further, the MoU inked with RR Ispat ltd (Associate of Godavari Power and Ispat ltd) will help in setting up of a Galvanising unit at Acholi of Raipur. It will offer jobs to about 60 youths Rs 25 crore would be spent for setting up the unit.
As per the commitment of State government for promoting Electronics Sector here, a MoU was signed with Ocean Electronics Pvt. ltd aimed at setting up of lED bulbs, tube lights, panel and street lights production unit.
This project that will bring an investment of Rs 29 crore and is expected to generate jobs for 365 youths. This unit would come up in the Electronics Manufacturing Cluster at Naya Raipur, officials said.