Chhattisgarh Gains Rs.9,580 Crore Investment Proposals
The Government of Chhattisgarh obtained investment proposals totaling Rs.9,580 crore in high-growth sectors during the State Investors Connect.
Vishnu Deo Sai, the Chief Minister of Chhattisgarh, who took part in the Connect, stated that the suggested investments spanned various sectors, such as data centres, semiconductors and GPU architecture, solar energy equipment, textiles, and pharmaceuticals.
Seven prominent organizations put forth proposals anticipated to create approximately 7,800 direct jobs, highlighting increasing investor trust in the state's industrial environment and policy structure.
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The Chief Minister also presented an “Invitation to invest letter” to potential investors as part of the State Government’s initiatives to establish the State as a favored location for technology-driven and manufacturing investments.
The most significant investment plan originated from Hypernext Data Centre, which indicated its intention to put in Rs.4,200 crore to build a state-of-the-art data centre in Chhattisgarh, anticipated to create around 250 jobs.
Feegrade and Company suggested an investment of Rs.2,912 crore in the cement industry, likely generating approximately 4,000 jobs.
Nivai Labs expressed interest in investing Rs.1,000 crore in the semiconductor and GPU infrastructure industry. This investment, utilizing advanced technology, will assist in integrating the state into the growing digital and electronics economy and generate around 200 jobs.
SG Mart, a producer of solar energy devices, has suggested an investment of Rs 700 crore, anticipated to generate jobs for around 450 individuals.
Saravana Mills planned to invest Rs.528 crore in the textile sector. This project has the potential to generate around 2,500 jobs. Kabra Drugs and Dinshaw’s Dairy Foods suggested investments of Rs.200 crores and Rs.40 crores, respectively.
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During his speech at the Connect, Vishnu Deo Sai mentioned that Chhattisgarh is becoming a favored location for investments, backed by “efficient approvals, a solid single-window system, strong infrastructure and favorable policies for industries.”
The Chief Minister urged companies in Hyderabad, especially in IT, pharmaceuticals, and logistics, to invest in the state, assuring them of policy support and a business-friendly climate from the State Government.
Hyderabad's evolution from a budding IT locale to an international center for technology and innovation is truly motivating. Chhattisgarh is following a comparable plan, and we are already seeing positive outcomes in areas like IT, manufacturing, and services,” Sai states.
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Chhattisgarh was becoming a frontrunner in green steel manufacturing and had so far garnered investment proposals totaling Rs.3.5 lakh crore in the energy industry, he mentions.