The Chhattisgarh Government is betting big on not just developing a ‘Smart City’ here with ultra modern town planning, its thrust on inviting non-core sector investors to set up base is receiving an equal share of undivided attention, officials stated.
Buoyed by the recent Industrial Entrepreneurs Memorandum (IEM) list released by the Department of Industrial Policy and Promotion (DIPP) Government of India stating that Chhattisgarh has received maximum proposals in the country for setting up industrial projects, the second Global Investors Meet is set to draw more investors to the State, they stated.
Chhattisgarh has received investment proposals to the tune of Rs 1,61, 836 crores which is way ahead of its follower Maharashtra, they said.
Chief Minister Raman Singh has 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 Rs 1,61,836 crores. For an investment of more than Rs 5 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.
The Electronic Manufacturing Cluster will be established by Chhattisgarh State Industrial Development Corporation ltd (CSIDCl) 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 Rs 105 crore where the Central Government will contribute Rs 50 crore for the project while remaining expenses will be borne by State government itself.
Development of the ‘Electronic Manufacturing Cluster’ will open gates for investment of Rs 500 crore in 50 industries and will create employment opportunities for about 1000 people. It is a major achievement in the direction of establishing pollution-free industries of Non-core sector in Naya Raipur, officials stated.
This ‘Electronic Manufacturing Cluster’ will consist nearly 50 units manufacturing electronic items, electronic panels, medical electronic devices, electronic gadgets, Home Theatre, USB, electronic goods, commercial lights, micro transformers quill, charger, mobile phones, CCTV camera, television, computer hard drive, computer peripherals, set up box, lED light, Inverter, energy meter, automotive electronics, note books, tablets, printers etc. The project will enable investment of Rs 500 crore and thus will create employment for about 1000 people.
The ‘Electronic Manufacturing Cluster’ will be equipped with ultra modern amenities along with Shopping Centre, Warehouse, Hostel, Club, Training Centre, Tool Room, Solid Waste Management, Waste Management Plant and Support Service Centre etc.
A Global Investors Meet is also proposed in the State to attract investments in non-core sectors and an Electronic Manufacturing 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.