Garhbo Nava Chhattisgarh: 149 MoUs signed in last three years

Central Chronicle News
Raipur, Dec 11: Three sectors—Primary (agriculture-related), secondary (industry-related) and tertiary (service-related)—have an important contribution in the overall development of the state. The state’s economy is gaining momentum with the state government’s efforts to increase income of farmers through welfare schemes and steps taken for industrial development contributing to rise in investment in the state and employment opportunities.
As many as 149 MoUs have been signed in the last three year tenure of Chhattisgarh government. Through this, a capital investment of Rs 73,704.30 crore is proposed in the state and 89,697 people will get employment opportunities. Turing the vision of “Garhbo Nava Chhattisgarh” into reality under the leadership of Chief Minister Mr. Bhupesh Baghel, every sector has gained momentum. The new industrial policy of Chhattisgarh has led to sustainable industrial development in the state. At times when the whole country was dealing with economic slowdown due to corona pandemic, the industries in Chhattisgarh remained untouched by its impact. Keeping in view the challenges faced by industries, the state government gave many concessions and facilities. The core sector industries were given exemption in electricity bill. All necessary arrangements were made for the arrival of raw materials to the factories and transportation of finished goods to the market. Rice mills were given a rebate of five percent on energy consumption charges. Industries were also given exemption in the period of payment of electricity tariff. With the new industrial policy opening up new opportunities for industries, agriculture sector and forest based industries are also getting a boost.
In the new industrial policy of the state government, priority has been given to agriculture and forest produce based industries. All kinds of incentives are being given to mineral based industries. Under the new industrial policy, a special investment incentive package has been arranged for investment in mega-ultra projects in the steel (sponge iron and steel) sector. For mega investors, investment incentive is being given up to a maximum of Rs 500 crore in this package. While Rs 1000 crore investment incentive is being given for Bastar division.
The state government is also facilitating easy set up of industries in the state for which the complex procedures have now been simplified. The land allotment rates in industrial areas have been reduced by 30 per cent. The land rent has been reduced by one percent. Rules have been made for leasehold land allotted up to 10 acres in industrial areas. Industrial land and building management rules have also been simplified.