The Naya Raipur Development Authority (NRDA) will soon commence allotment of industrial plots in Sector 5 of the new Capital city, officials stated.
NRDA has called for Expression of Interest (EoI) from companies and persons desirous of setting up industrial projects in the new Capital region.
Notably, Naya Raipur would have an ‘Integrated Freight Complex’ spread in an area of 130.67 hectares, officials stated.
Early this year, Union Railway Minister Suresh Prabhu had also put forward a proposal that a ‘Cargo Hub’ should be developed in Naya Raipur with a Container Depot in Chhattisgarh. He had stated his Ministry would bear the entire development cost if the Chhattisgarh Government agreed to provide land for the proposed hub.
To this, Chief Minister Raman Singh who had met the Union Railway Minister in New Delhi had assured the latter that his Government would provide land for the project.
The Central Government has consented to provide its final approval to the project within this week, officials stated.
An assurance in this regard was given by Union Telecom Minister Ravi Shankar Prasad to Chhattisgarh Chief Minister during a meeting in the national Capital on Sunday.
The meeting was also attended by Principal Secretary to Chhattisgarh Chief Minister, Aman Kumar Singh who is also Principal Secretary, IT and Energy and Rajat Kumar, the Chief Executive Officer of Naya Raipur Development Authority (NRDA).
Notably, the ‘Electronic Manufacturing Cluster’ would be established in a sprawling 70 acres of land in Naya Raipur’s Sector-22.
Providing details on the ‘Electronic Manufacturing Cluster’ during the meeting, Chief Minister Raman Singh had told the Union Minister that as many as 11 companies have signed Memorandum of Understanding (MoU) to the tune of around Rs 968 crore for setting up projects in the cluster.
The State Government has completed requisite preparation for development of the ‘Electronic Manufacturing Cluster’ and work in this regard is going to start immediately after receiving final approval from the Centre.
It may be recalled that an 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.
Development of the ‘Electronic Manufacturing Cluster’ would open gates for investment of Rs500 crore in 50 industries and will create employment opportunities for about 1,000 people. It is a major achievement in the direction of establishing pollution-free industries of Non-core sector in Naya Raipur, officials stated.
Meanwhile, the Chief Minister also informed the Union Minister that Chhattisgarh is the first State in the country to offer its consent for setting up of Optical Fiber network under Bharat Net project and it has started the process for formation of a Special Purpose Vehicle (SPV). During the next three years, the State government is going to connect as many as 10000 village panchayats with broadband facility, he informed.
Moreover, the Chief Minister also urged the Union Minister to provide special administrative and financial incentives for Chhattisgarh, considering its unique geographical location for successful implementation of the important project.
The budget provision of Rs 10 crore for investors in the form of capital investment, interest grant and skill development in the State Budget for the Electronics and IT sector is set to provide a major boost to the Prime Minister Narendra Modi’s ‘Make in India’ dream.
The budget announcement was in consonance with the new IT &Electronics policy of the State Government , officials stated.
The Chhattisgarh government has also now included ElectronicsManufacturing also under its IT/ITeS Policy.
This has been done as per the vision of the Prime Minister on ‘Make in India’ initiative for which the State government has envisioned ‘Make in Chhattisgarh’ campaign, officials stated.
Currently, the State has a suitable eco-system for Electronics/IT/ITeS Industry with key parameters of Physical and Social infrastructure, Air and Telecom Connectivity, Responsive Electronic,IT/ITeS Policy and CHiPS as single point of contact.( Ease of doing business), they stated.
The Cabinet decision to approve the new Electronics, IT/ITeS Policy would keep the focus on Electronics, IT/ITeS as income and employment generator, officials stated.
The policy focus is on IT Developers, IT Development units, Electronic Manufacturing Unit, Data Centre, etc.
Moreover, host of incentives like Interest Subsidy, Capital Subsidy, Subsidy on land Premium, etc will be provided to new units coming up in the State.
Interest Subsidy which was 75 per cent of the interest paid, maximum upto 60 lakh per year for 7 years, has been upgraded to 75 per cent of the interest paid , maximum up to Rs1.1 crore per year for 8 years.
Capital Investment Subsidy which was 45 per cent, maximum Rs1.4 crore has been revised to 50 per cent, maximum up to Rs1.5 crore. Subsidy on land premium uptill 80 per cent will be provided.
Further incentives of 5 per cent on Capital Subsidy, interest subsidy and on land premium would be provided to units employing more than 50 per cent workforce of Chhattisgarh domicile, or starting production within year 2015-16.
Keeping the requirements of small and medium enterprise in mind, the policy provides incentives such as 50 per cent subsidy on lease rent, reimbursement of training cost of IT Professionals up to Rs20,000 per employee and subsidy upto 30 per cent on Bandwidth charges among others.
The policy has been framed keeping the requirements of Electronics,IT/ITeS Industry, and is the most competitive policy amongst States of India, officials stated.