Chhattisgarh government signs MoU with NASSCOM, IESA and TIE Bangalore
Chief Minister Vishnudev Sai interacted with industrialists and investors at the Investor Connect Meet held in Bengaluru
Bengaluru, March 26, 2025- Many big tech companies of Bengaluru, famous as the Silicon Valley of the country, have shown interest in investing in Chhattisgarh. Chhattisgarh Chief Minister Vishnudev Sai interacted with the top industrialists and business leaders of the country at the Investor Connect Meet held in Bengaluru and discussed the possibilities of investment in the state. During this, many big companies from sectors like engineering, textiles, electronics, IT/ITES, food processing and green fuel have submitted investment proposals worth Rs 3700 crore. Along with this, the Chhattisgarh government has also signed important MoUs with NASSCOM, India Electronics and Semiconductor Association (IESA) and The Indus Entrepreneurs (TiE) Bangalore with the aim of promoting investment in the IT and electronics sector. In the conference, Chief Minister Sai, while inviting for investment in the state, said that Chhattisgarh is one of the most emerging states of the country for investment and industries. Along with the country’s richest mineral resources, excellent location of Central India and connectivity, Chhattisgarh has abundant basic facilities like electricity, water, human resources. The Chief Minister said that Chhattisgarh is becoming a model state of good governance with the help of digital technology. The Chhattisgarh government has now eliminated the paperwork for investment. NOC will be available in just one click and the decision will also be taken digitally. The investment process has been made easy and transparent with the new industrial policy. He said that in order to increase investment and employment opportunities, the new industrial policy has provided the opportunity of B-spoke policy to industries employing one thousand people or one thousand crore rupees. In this policy, provision has been made for reimbursement of permanent capital investment from 30 to 50 percent and from 200 to 450 crore rupees. Attractive provisions have been made for net SGST reimbursement, employment and EPF reimbursement and reimbursement of training expenses for 5 to 12 years.
He said that in the new industrial policy, we have kept attractive provisions for investment in areas like Artificial Intelligence, Robotics, Computing, Green Hydrogen. Along with this, special concessions have also been given in areas like Electrical and Electronics, Pharma, Textile, Food and Agro Processing. We are also setting up a pharmaceutical park in Nava Raipur which will be the largest pharmaceutical park in Central India. Chief Minister Sai said that we are developing Raipur as the largest IT hub of Central India. An investment of 1.6 billion dollars has been made here, due to which the infrastructure here is like the most magnificent cities of the country. Nava Raipur is also a Greenfield city, due to which there are ample possibilities for the development of IT industry here. Industry Minister Lakhan Lal Dewangan, Chief Secretary to Chief Minister Subodh Singh, Secretary Rahul Bhagat, Industry Secretary Rajat Kumar, Chhattisgarh Investment Commissioner in New Delhi Ms Ritu Sain, Secretary S Bharatidasan, Industry and Commerce Secretary Saurabh Kumar, Director Prabhat Malik and CSIDC Managing Director Vishwesh Kumar and many other senior officials attended this meet. Huge opportunities for investors in Bastar The Chief Minister said that we have kept Bastar and Surguja as the maximum industrial investment promotion area. There is a discount of 50 to 100 percent in core sector incentives, iron and coal royalty here. There is a provision for reimbursement of cess up to 150 percent. We are going to establish a new industrial area on 118 acres in village Niyanar near Nagarnar Steel Plant in Bastar, this will provide opportunities for setting up small, micro and medium enterprises on a large scale.
Leading companies of the country will invest in Chhattisgarh. Leading companies and industrial groups like BEML, Klean Pax, Keynes Technology, NASSCOM, Gokuldas Exports, Britannia, TIE Bangalore and Karnataka Chamber of Commerce participated in the conference. These companies appreciated Chhattisgarh’s new industrial policy, favorable policy environment and strong infrastructure.
Glimpse of investment proposals received by Chhattisgarh – GPSR Arya Private Limited (CBG Green Fuel Sector) – By investing ₹ 1350 crore, this company will promote biogas and green energy production, which will bring clean energy revolution in the state.
– Kleen Pax (Textile Sector) – With an investment of ₹500 crore, this company will boost the textile industry and increase employment opportunities for local youth.
– Britannia (Food Processing Sector) – By investing ₹200 crore, this company will strengthen the food processing industry, which will benefit local farmers and small entrepreneurs.
– Keynes Technology (IT/ITES Sector) – With an investment of ₹1000 crore, the target is to take the IT sector of Chhattisgarh to new heights, which will provide employment to the youth on a large scale.
– Gokuldas Exports and SRV Knit Tech Private Limited – Both the companies will strengthen the textile sector by investing ₹200 crore, which will give a new identity to the textile industry of the state.
– BEML (Bharat Earth Movers Limited) has announced an investment of Rs 200 crore in Chhattisgarh. This investment will strengthen the engineering and construction sector in the state, which will increase employment opportunities at the local level.
– Punit Creation, Shyam Textile and Wool Research Association have also shown interest in Chhattisgarh and submitted investment proposals.