Chhattisgarh's new industrial policy is attracting investors. In the last two years, 1,207 new industries have been established in the state, a capital investment of `16,897 crores has been made through them and over 22,000 people have got direct employment.
Similarly, 104 MoUs for mega industrial projects have been signed during this period. The proposed total capital investment of these units is `42,714.48 crores and about 65,000 people will get employment, an official statement said on Tuesday.
In the last two years in Chhattisgarh, there has been rapid industrial development.
To achieve this growth, the government not only implemented the new industrial policy but also brought in amendments as per the needs of the investors.
The government implemented a food processing policy along with the establishment of food parks in the development blocks of the state and also executed a MoU for this.
The government announced a Vananchal Industry Package in the Industrial Policy 2019-24 to promote the establishment of forest produce, herbal and food processing industries in backward and most-backward areas.
Similarly, the government is giving special boost to food processing to increase the income of farmers.
A special incentive package has been issued for bio-fuel-ethanol industries based on paddy and sugarcane to provide farmers the full value of their produce locally.
A start-up package has been included in the policy to incorporate new ideology in industries and to create new jobs. These start-ups will be provided more facilities than other industries with less formality.
The number of start-ups registered in the state so far is 504.
Mega industries of the core sector are being supported. Industries are given financial assistance by linking them to their production and grants are provided from 60-150 percent of the project cost.
The land transfer fee has been reduced to benefit entrepreneurs.
MSME has been defined separately by the government and the definition of large service enterprise has been released.