With BJP-led NDA Government at the Centre keen on boosting foreign investment in the country, the Chhattisgarh State Budget 2017-18 may have a significant allocation for creating and also expanding existing infrastructure for facilitating setting up of new projects.
Chief Minister Raman Singh has already commenced deliberations with the senior officials of the Industry and Commerce departments to spell out their budget demands.
A meeting in this regard was held at the Chief Minister’s official residence on Saturday.
Notably, the State Government delegations conducted two major foreign tours last year to China and the United States for wooing investors to the State.
A host of key Chinese companies from Zhengzhou city of Henan province in China had signed Memorandum of Understandings (MoUs) worth 945 million USD (approx. `6,600 Crore) for setting up a wide set of industrial projects in Chhattisgarh on the third day of Chief Minister Raman Singh’s week-long tour to China in April last year.
As per the MoUs, Chinese companies will primarily invest in manufacturing of solar power equipment, railway and building construction material sectors in Chhattisgarh.
The Zhongli Talesun Solar Company limited will invest about 500 million USD in cable manufacturing, real estate and renewable energy sector.
This MoU will help in developing a Special Economic Zone (SEZ) of solar cell and solar panel in Chhattisgarh.
likewise, M/s Chongqing Changzheng Heavy Industry Co. ltd. has also inked MoU worth 20 million USD for developing Station Wagon industry in Chhattisgarh.
Chief Minister Raman Singh after signing of MoUs had participated in the 10th International Investment and Trade fair at Zhengzhou and addressed a gathering of representatives from 25 different countries.
He had stated that India’s Prime Minister Narendra Modi has launched ‘Make in India’ programme for creating an India that is one of the front line countries with strong Industrial and Financial sectors. Working on same line, we are promoting investments through ‘Make in Chhattisgarh’ programme, he said.
Singh also detailed about the development prospects and possibilities in Chhattisgarh.
Chief Minister said that his week-long visit to China was useful and successful.
He had stated that the Chinese investors have shown a lot of interest in solar energy, Information Technology, Infrastructure development, defence equipment and other sectors. They had shown keen interest in Naya Raipur, Singh said.
Henan Governor Chenar Nar had accepted the invitation to visit Chhattisgarh soon.
MoUs worth USD 3.34 billion had already been inked. MoUs worth `6,600 crore had been signed at Guangzhou's International Investment and Business Fair, he said.
Singh said that to make Prime Minister Narendra Modi's 'Make in India' a success the State Government is determined to 'Make in Chhattisgarh' a great success. The focus is now on non-core sectors.
The Chinese investors were highly impressed with the facilities and specialties available in Chhattisgarh. The Zhonli Talesun Solar Company limited will invest USD 500 million in making cable wires, real estate and solar equipment. M/s Chongqing Changzheng Heavy Industry Co. ltd will invest USD 20 million in Chhattisgarh to manufacture station wagon, he said.
The Business delegation visited Schenzen an industrial city in Guangzhou and had a detailed discussion with the top officials of leading companies of China. The city is considered as leading center of Information Technology and Electronics industry in most parts of the world.
Chief Minister Raman Singh took part in a meeting of Schenzen Electronic Chamber of Commerce, Schenzen Business and Investment Board and CII joint meeting.
later on during the US tour in November last year, Chief Minister Raman Singh had invited US firms to take advantage of the state-of-art industrial infrastructure existing in the State with his core focus on having high-technology units in IT, Engineering and Renewable energy sectors, official sources informed.
The Chhattisgarh Government has signed a Memorandum of Understanding (MoU) with Stanford University to work in the areas of teaching, research, exchange of faculty and students.
The MoU also aims to promote campaigns focussed on Rheumatic Heart Disease to educate Chhattisgarh’s 28 million people, officials informed.
Ms Katherine States Burke, Deputy Director, Centre for Innovation in Global Health, Stanford University signed on behalf of Stanford University during the tour of Chief Minister Raman Singh to United States.
Notably, after successfully organizing Investors seminars in New York and Chicago, the State Government delegation moved to San Francisco Bay Area, wherein the State Government organized Chhattisgarh Investors Seminar in collaboration with USIBC and TiE Global.
In the investment seminar, Chief Minister Raman Singh addressed audience and showcased Chhattisgarh vision in a significant manner and provided the understanding about Chhattisgarh key infrastructure projects and invited corporates and NRIs from San Francisco to visit Chhattisgarh and explore business opportunities in the State.
The State Government also signed MoU with M/s Wadhwani Operating Foundation in providing training and support to aspiring entrepreneurs, to develop city based startup and SME ecosystems by leveraging Network of Mentors, Investors and Incubators through National Entrepreneurship Network (NEN) and skill development and employment to the youths.
Ajay Kela, Executive Director signed MoU on behalf of Wadhwani Operating Foundation.
The State Government also signed MoU with Spinta Global Accelerator, A Force Multiplier for Startup for setting up a Global Accelerator in Chhattisgarh. Spinta Accelerator, work with professionals and budding student entrepreneurs enhance their business ideas with our domain and technology expertise to provide maximum returns on their investments.
Prashant Parekh, CEO, Spinta Global Accelerator signed MoU on behalf of Spinta Global Accelerator.
During the Investors seminar Vivek Dhand, Chief Secretary, Government of Chhattisgarh gave the opening address during the Chhattisgarh Investors Seminar in San Francisco.
He highlighted key sectors where Chhattisgarh and San Francisco can collaborate.
Also more than 25 Chhattisgarh professionals working in San Francisco met the Chief Minister in San Francisco.
The State delegation had a one to one meeting with Munish Khetrapal, Managing Director, Solutions and Product Management; Raju Indukuri, Chairman, mtuity and Aaron Simkin, General Manager, mtuity; Hemant Gandhi, Senior Vice President and Global Head, KPIT; Prakash Iyer, Vice President, Software Architecture & Strategy, Trimble Navigation limited and discussed investment opportunities and areas of collaborations in terms of Information Technology, Healthcare, Solutions for smart city, Electric vehicles, Knowledge transfer, clean energy managementwith the State Government.
During the day, State delegation led by Chief Minister Raman Singh visited Google campus at Mountain view, Silicon Valley, California and met Anjali Joshi, Vice President, Product Management, Google and Minal Mehta, Group Product Manager, Google and discussed in detail on Chhattisgarh’s collaboration with Google on Healthcare, IT and Education sectors.
Singh invited officials of Google to Chhattisgarh to further discuss on these areas of collaboration.
The State delegation also visited 500 startups campus. The 500 startups is an early stage venture fund and seed accelerator. Chhattisgarh team met members of 500 startups and discussed on startup ecosystem for Chhattisgarh.
Notably, Chhattisgarh had already been aggressively wooing defence component manufacturers to set up base in the State.The State had been projecting its pre-existing base of defence equipment suppliers around Durg-Bhilai-Raipur cluster as a strategic advantage for prospective investors, officials stated.
The Chhattisgarh government decided to establish a ‘Defense Manufacturing Cluster’ in the State in August last year.
As per the plan, the project would comprise developing a Defense Research lab, a testing facility and a ‘Defense Smart City’, officials stated.
For manufacture of defense goods, the State Government had also signed a Memorandum of Understanding ( MoU) with M/s Iren Systems. As per the MoU, M/s Iren Systems will develop a ‘Defense Technology City’ with state-of-art infrastructure. The move will create employment opportunities in the sector for highly-skilled and skilled youngsters of the State.Reporter n Raipur
With BJP-led NDA Government at the Centre keen on boosting foreign investment in the country, the Chhattisgarh State Budget 2017-18 may have a significant allocation for creating and also expanding existing infrastructure for facilitating setting up of new projects.
Chief Minister Raman Singh has already commenced deliberations with the senior officials of the Industry and Commerce departments to spell out their budget demands.
A meeting in this regard was held at the Chief Minister’s official residence on Saturday.
Notably, the State Government delegations conducted two major foreign tours last year to China and the United States for wooing investors to the State.
A host of key Chinese companies from Zhengzhou city of Henan province in China had signed Memorandum of Understandings (MoUs) worth 945 million USD (approx. `6,600 Crore) for setting up a wide set of industrial projects in Chhattisgarh on the third day of Chief Minister Raman Singh’s week-long tour to China in April last year.
As per the MoUs, Chinese companies will primarily invest in manufacturing of solar power equipment, railway and building construction material sectors in Chhattisgarh.
The Zhongli Talesun Solar Company limited will invest about 500 million USD in cable manufacturing, real estate and renewable energy sector.
This MoU will help in developing a Special Economic Zone (SEZ) of solar cell and solar panel in Chhattisgarh.
likewise, M/s Chongqing Changzheng Heavy Industry Co. ltd. has also inked MoU worth 20 million USD for developing Station Wagon industry in Chhattisgarh.
Chief Minister Raman Singh after signing of MoUs had participated in the 10th International Investment and Trade fair at Zhengzhou and addressed a gathering of representatives from 25 different countries.
He had stated that India’s Prime Minister Narendra Modi has launched ‘Make in India’ programme for creating an India that is one of the front line countries with strong Industrial and Financial sectors. Working on same line, we are promoting investments through ‘Make in Chhattisgarh’ programme, he said.
Singh also detailed about the development prospects and possibilities in Chhattisgarh.
Chief Minister said that his week-long visit to China was useful and successful.
He had stated that the Chinese investors have shown a lot of interest in solar energy, Information Technology, Infrastructure development, defence equipment and other sectors. They had shown keen interest in Naya Raipur, Singh said.
Henan Governor Chenar Nar had accepted the invitation to visit Chhattisgarh soon.
MoUs worth USD 3.34 billion had already been inked. MoUs worth `6,600 crore had been signed at Guangzhou's International Investment and Business Fair, he said.
Singh said that to make Prime Minister Narendra Modi's 'Make in India' a success the State Government is determined to 'Make in Chhattisgarh' a great success. The focus is now on non-core sectors.
The Chinese investors were highly impressed with the facilities and specialties available in Chhattisgarh. The Zhonli Talesun Solar Company limited will invest USD 500 million in making cable wires, real estate and solar equipment. M/s Chongqing Changzheng Heavy Industry Co. ltd will invest USD 20 million in Chhattisgarh to manufacture station wagon, he said.
The Business delegation visited Schenzen an industrial city in Guangzhou and had a detailed discussion with the top officials of leading companies of China. The city is considered as leading center of Information Technology and Electronics industry in most parts of the world.
Chief Minister Raman Singh took part in a meeting of Schenzen Electronic Chamber of Commerce, Schenzen Business and Investment Board and CII joint meeting.
later on during the US tour in November last year, Chief Minister Raman Singh had invited US firms to take advantage of the state-of-art industrial infrastructure existing in the State with his core focus on having high-technology units in IT, Engineering and Renewable energy sectors, official sources informed.
The Chhattisgarh Government has signed a Memorandum of Understanding (MoU) with Stanford University to work in the areas of teaching, research, exchange of faculty and students.
The MoU also aims to promote campaigns focussed on Rheumatic Heart Disease to educate Chhattisgarh’s 28 million people, officials informed.
Ms Katherine States Burke, Deputy Director, Centre for Innovation in Global Health, Stanford University signed on behalf of Stanford University during the tour of Chief Minister Raman Singh to United States.
Notably, after successfully organizing Investors seminars in New York and Chicago, the State Government delegation moved to San Francisco Bay Area, wherein the State Government organized Chhattisgarh Investors Seminar in collaboration with USIBC and TiE Global.
In the investment seminar, Chief Minister Raman Singh addressed audience and showcased Chhattisgarh vision in a significant manner and provided the understanding about Chhattisgarh key infrastructure projects and invited corporates and NRIs from San Francisco to visit Chhattisgarh and explore business opportunities in the State.
The State Government also signed MoU with M/s Wadhwani Operating Foundation in providing training and support to aspiring entrepreneurs, to develop city based startup and SME ecosystems by leveraging Network of Mentors, Investors and Incubators through National Entrepreneurship Network (NEN) and skill development and employment to the youths.
Ajay Kela, Executive Director signed MoU on behalf of Wadhwani Operating Foundation.
The State Government also signed MoU with Spinta Global Accelerator, A Force Multiplier for Startup for setting up a Global Accelerator in Chhattisgarh. Spinta Accelerator, work with professionals and budding student entrepreneurs enhance their business ideas with our domain and technology expertise to provide maximum returns on their investments.
Prashant Parekh, CEO, Spinta Global Accelerator signed MoU on behalf of Spinta Global Accelerator.
During the Investors seminar Vivek Dhand, Chief Secretary, Government of Chhattisgarh gave the opening address during the Chhattisgarh Investors Seminar in San Francisco.
He highlighted key sectors where Chhattisgarh and San Francisco can collaborate.
Also more than 25 Chhattisgarh professionals working in San Francisco met the Chief Minister in San Francisco.
The State delegation had a one to one meeting with Munish Khetrapal, Managing Director, Solutions and Product Management; Raju Indukuri, Chairman, mtuity and Aaron Simkin, General Manager, mtuity; Hemant Gandhi, Senior Vice President and Global Head, KPIT; Prakash Iyer, Vice President, Software Architecture & Strategy, Trimble Navigation limited and discussed investment opportunities and areas of collaborations in terms of Information Technology, Healthcare, Solutions for smart city, Electric vehicles, Knowledge transfer, clean energy managementwith the State Government.
During the day, State delegation led by Chief Minister Raman Singh visited Google campus at Mountain view, Silicon Valley, California and met Anjali Joshi, Vice President, Product Management, Google and Minal Mehta, Group Product Manager, Google and discussed in detail on Chhattisgarh’s collaboration with Google on Healthcare, IT and Education sectors.
Singh invited officials of Google to Chhattisgarh to further discuss on these areas of collaboration.
The State delegation also visited 500 startups campus. The 500 startups is an early stage venture fund and seed accelerator. Chhattisgarh team met members of 500 startups and discussed on startup ecosystem for Chhattisgarh.
Notably, Chhattisgarh had already been aggressively wooing defence component manufacturers to set up base in the State.The State had been projecting its pre-existing base of defence equipment suppliers around Durg-Bhilai-Raipur cluster as a strategic advantage for prospective investors, officials stated.
The Chhattisgarh government decided to establish a ‘Defense Manufacturing Cluster’ in the State in August last year.
As per the plan, the project would comprise developing a Defense Research lab, a testing facility and a ‘Defense Smart City’, officials stated.
For manufacture of defense goods, the State Government had also signed a Memorandum of Understanding ( MoU) with M/s Iren Systems. As per the MoU, M/s Iren Systems will develop a ‘Defense Technology City’ with state-of-art infrastructure. The move will create employment opportunities in the sector for highly-skilled and skilled youngsters of the State.