Under the proactive leadership of Chief Minister Vishnu Deo Sai, Chhattisgarh is rapidly transforming into a significant destination for industrial investment, marking a new milestone in its economic trajectory. According to a recent report by Project Today Survey, the state has attracted a staggering Rs 1,63,749 crore across 218 new projects in the financial year 2025. This substantial inflow accounts for 3.71 per cent of the total investment in the country, propelling Chhattisgarh into the top ten investment-attracting states nationwide. This remarkable achievement is largely attributed to the visionary leadership of Chief Minister Sai and the effective implementation of the Chhattisgarh government’s New Industrial Policy 2024-30. Notably, when combined with the investments secured in 2024, the total industrial investment in the state has now reached an impressive Rs 4.4 lakh crore.
The New Industrial Policy 2024-30, effective from November 1, 2024, has positioned Chhattisgarh as an increasingly appealing destination for investors. Anchored on the principle of “minimum governance, maximum incentive,” the policy introduces investor-friendly measures such as the Single Window System 2.0, online application processes, and expedited clearances. The policy extends specific incentives to high-growth sectors including pharmaceuticals, IT, artificial intelligence (AI), green hydrogen, semiconductors, and tourism. Provisions such as subsidies ranging from 30-50 percent, tax exemptions for 5 to 12 years, and interest subventions have significantly boosted investor confidence. Furthermore, the policy includes bespoke provisions for units generating over 1000 jobs and a training grant of up to Rs 15,000 per employee, with the ambitious goal of creating 5 lakh new jobs in the next five years.
At the initiative of Chief Minister Vishnu Deo Sai, a series of Investors Connect Meets were organized in major Indian cities including Delhi, Mumbai, and Bengaluru to actively court investment. These summits witnessed participation from leading industrialists, both domestic and international, resulting in investment proposals worth Rs 4.4 lakh crore. The Mumbai summit alone garnered proposals worth Rs 6000 crore, along with commitments for foreign direct investment from the Consul Generals of the USA and Russia. Agreements for investments worth Rs 15,184 crore in Delhi and in the energy sector in Bengaluru further underscore Chhattisgarh’s burgeoning industrial potential. Chief Minister Sai assured the industrialists of the Chhattisgarh government’s unwavering support through transparent and investor-friendly policies.
Over the past year, the Chhattisgarh government has implemented more than 300 reforms aimed at streamlining bureaucratic processes and fostering a transparent and efficient business environment. Approvals and licenses are now readily accessible through the Single Window System 2.0, and the process for disbursing subsidies has been capped at a swift seven days. These reforms have collectively made Chhattisgarh a preferred destination for businesses of all scales, from small traders to large industrial houses.
In a significant diversification of its industrial landscape, Chhattisgarh has, for the first time, received investment proposals for semiconductor, data center, and AI-based industries. The recent groundbreaking ceremony for the state’s first semiconductor plant in Nava Raipur marks a pivotal step towards technological innovation. Plans are also underway to develop Nava Raipur into an IT hub on par with Bengaluru and Hyderabad, with a memorandum of understanding signed with NASSCOM serving as a crucial step in this direction.
Chief Minister Sai emphasised that the New Industrial Policy of Chhattisgarh not only encourages the establishment of industries but also prioritizes employment generation and economic prosperity. “Our goal is to contribute to the building of a developed India under the Amritkaal-Chhattisgarh Vision 2047 Nava Anjor,” he stated. “These investments will not only accelerate economic progress but also create thousands of new employment opportunities for our youth. Chhattisgarh is now shedding its image as a Maoist-affected region and emerging as an industrial and technological hub. The state is poised to reach new heights, making a significant contribution to the nation’s economic development.” This concerted effort to attract investment and foster industrial growth signals a new chapter in Chhattisgarh’s journey towards economic self-reliance and prosperity.
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