Gadbo Nava Chhattisgarh: State Government’s industry-friendly policy has accelerated the pace of industrialization

Gadbo Nava Chhattisgarh: State Government's industry-friendly policy has accelerated the pace of industrialization

Raipur (The States. news) State Government’s industrial policy has led to rapid industrial development in Chhattisgarh, under which total of 1751 units of large, medium, mega, micro and small industries have been established in last three years. A total capital investment of Rs 19 thousand 550 crore 72 lakh has been made by these industrial groups, which has created employment opportunities for around 32 thousand 912 people.
Under the competent leadership of Chief Minister Mr. Bhupesh Baghel and the guidance of Industries Minister Mr. Kawasi Lakhma, favourable environment for industrial development and investment has been created in the state, agriculture and forest produce based industries have been prioritized, various kinds of incentives are being provided to the mineral based industries. Under the new industrial policy, a special incentive package has been provisioned for the investment in mega-ultra projects of steel (sponge iron and steel) sector.

Under this package, investment incentive of up to a maximum of Rs 500 crore is being provided for mega investment. And an incentive of Rs 1000 crore is being provided for investment in Bastar division. Through this special package, State Government is not only providing discounts, rebates and facilities for the investors, but has also simplified the procedure of setting up industries in the state. The land cost for allotment in industrial areas has been reduced by 30 percent. Land rent has been reduced by one percent. Rules have been made for lease-free holding of up to 10 acres of the allotted land in industrial areas. Industrial land and building management rules have also been simplified

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