By A Staff Reporter
Raipur: Chhattisgarh Chief Minister Vishnu Deo Sai announced that the state has secured investment proposals totaling ₹15,184 crore during an investor connect program held in New Delhi. The event, which attracted around 150 industrialists, showcased Chhattisgarh's new Industrial Development Policy for 2024-2030, aiming to drive economic growth, generate employment, and foster sustainable industrial development.
The largest investment proposal came from ReNew Power Limited, with plans to invest ₹11,500 crore in pump storage and green hydrogen projects within the state. Sumant Sinha, Chairman and CEO of ReNew Power, expressed confidence in Chhattisgarh's conducive environment for renewable energy initiatives.
The Chief Minister emphasized the state's commitment to facilitating industrial growth by providing timely approvals and creating a business-friendly environment. He highlighted that the Industry Department has streamlined subsidy issuance, ensuring a quick and efficient approval system with a maximum of three levels and a time limit of seven days. Additionally, the state offers a 30% subsidy for private industrial parks under the 'minimum government' concept, and industries seeking to establish operations will receive ready and developed plots within 60 days of application.
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