The Chhattisgarh Government has signed a Memorandum of Understanding (MoU) with US-based BrightSKY llC. for setting up a project for the manufacturing of telecom equipment and lED bulbs in Naya Raipur. The total quantum of investment to be made by the company is an estimated at Rs500 crore. The project is expected to provide employment opportunities to around 600 people, officials stated.The MoU was signed between CHiPS CEO Saurabh Kumar on behalf of Chhattisgarh government and CEO of BrightSKY llC Nick Shevillo. The MoU was signed during a meeting of State Investment Promotion Board (SIPB) at the office located at the Chief Minister’s residence in Raipur on Saturday.
Notably, the Central Government has already approved Chhattisgarh Government’s proposal of establishing an ‘Electronic Manufacturing Cluster’ in Naya Raipur, officials informed. The Electronic Manufacturing Cluster will be established by Chhattisgarh State Industrial Development Corporation (CSIDC) during the next three years. The estimated cost of the ‘Electronic Manufacturing Cluster’ is Rs105 crore where the Central Government will contribute Rs50 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 by 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 of 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 '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.
Notably on January 13 this year, the Chhattisgarh Cabinet endorsed the State’s ‘New Industrial Policy 2014-19’. The approval to the policy was accorded in a meeting chaired by Chief Minister Raman Singh at the Mantralaya in Naya Raipur.After the meeting, the Chief Minister provided detailed information about the Cabinet decisions. He said that the policy includes the provision of subsidy worth Rs5 crore for establishing an Industrial Park in the private sector.Provision of establishing ‘land Bank’ over 10,000 hectares for various industries has also been included in the policy, Singh stated.
Moreover, to promote bicycle manufacturing, pharmaceuticals, electronic products, textile industries etc, these industries will be included as 'Priority' in the new industrial policy. The prescribed limit for mega project will be reduced for these industries, so that they may get benefits of mega-project on lesser investment, he said. Under the new industrial policy, the Chief Minister Cluster Development Scheme will be initiated, under which the State government will provide RsRs 50 lakh as subsidy.
Singh said that on the lines of 'Make in India' concept, the State Government will implement 'Make in Chhattisgarh' policy under which manufacturing units of the related industries will be promoted with priority. The domiciles of Chhattisgarh will be encouraged to set up their own enterprises and they will also be provided better employment opportunities, he said. Capital investment in the State will be promoted by making industry competitive in comparison to other States.
Weaker sections of society such as Scheduled Caste, Scheduled Tribe, Disabled, Retired personnel, women and Naxal-affected families will be given preference under the policy. The mineral, forest and other resources available in the State will be naturally conserved, Singh said. For skill improvement of permanent residents of the State, participation of industries will be ensured, he said. Moreover, Chhattisgarh Chief Minister Raman Singh on February 3 this year while addressing the delegates on the concluding day of the two-day 'Vision Summit- 2015' organised by the India Electronics and Semi-Conductors' Association (I.E.S.A) in Bengaluru, Karnataka said that there are immense possibilities for investment in the Electronics and Information Technology sectors in the State.
He said that Chhattisgarh State had already unveiled the new policy on Electronics, IT and ITeS . There are several attractive features in the new policy for the potential investors. Singh said that the Central Government has accepted and approved the proposal to develop Electronic Manufacturing Park on 70 acres of land at Naya Raipur. Several electronics manufacturing units like medical electronic equipment, home theatre, mobile phones, CCTV cameras, Television sets and set-top box and computer spare parts,can be established in the Park, he said.
Singh said that after developing core sectors like aluminium, cement , steel and power sectors the State Government is keen on developing non-core sectors. There was a need to amend Industrial policy and Information Technology policies, which we have done taking several inputs into consideration, Singh said. 'Eco-system' is being built for the conducive development of I.T. Single window will be developed soon, he said. Singh said that importance is being given to Information Technology, organic farming, solar energy and automobile industry.