BENGALURU: Chhattisgarh secured investment proposals worth Rs 3,700 crore at the ‘Investors Connect Meet’ held in Bengaluru on Wednesday, with major tech companies from the city keen on Meet expanding their presence in the state.
Chief Minister Vishnu Deo Sai, who was part of the event, engaged with top industrialists and investors from Karnataka and highlighted Chhattisgarh’s pro-business policies and robust infrastructure.
Deo Sai said that Chhattisgarh’s new industrial policy has played a key role in attracting investments. Reflecting on the new industry policy features, the CM mentioned that it offers single-window approvals for faster business clearances, 30-50% capital investment reimbursements and employment-linked incentives, special incentives for emerging sectors such as AI, Robotics, Computing, and Green Hydrogen, tax benefits and royalty exemptions for industries in Bastar and Surguja and development of a 118-acre industrial zone near Nagarnar Steel Plant to support MSMEs. “The government is now leveraging this momentum to develop Naya Raipur as a major IT hub, with multiple IT firms already establishing their presence,” he added.
“With a $1.6 billion investment, Raipur is rapidly emerging as Central India’s IT hub, while Naya Raipur offers state-of-the-art infrastructure for IT and semiconductor industries. The government is also boosting Bastar’s tourism sector, improving air connectivity to key attractions such as Kotumsar Caves and Asia’s Niagara Falls,” CM Deo Sai said.
As part of the state’s push to develop its IT and semiconductor sectors, the Chhattisgarh government also signed Memorandum of Understanding (MoUs) with NASSCOM, the India Electronics and Semiconductor Association (IESA), and TiE Bangalore to boost IT, startups, and semiconductor industries while generating employment opportunities.
“Raipur, the state capital, is already home to prestigious institutions such as IIT, NIT, AIIMS, and IIIT, which are producing skilled professionals. To further boost employability, our government plans to sign skilling contracts with colleges, providing industry-relevant training to students and preparing them for high-growth sectors like IT, semiconductors, and manufacturing,” Deo Sai said.
“Chhattisgarh has also streamlined its business policies to reduce bureaucratic delays and simplify industrial processes,” Deo Sai said, noting key reforms such as digitized land allotment systems and online transactions, faster approvals, including GST registration reduced from 25 days to 3 days and electricity connections from 28 days to 7 days, simplified industrial registration, reducing required form fields from 168 to 38 and 24-hour operational approvals for businesses employing both men and women
