Companies from Bengaluru are eyeing investment opportunities in Chattisgarh worth over Rs 3700 crore, according to the Vishnu Deo Sai, the CM of Chattisgarh.
Speaking to the media during the Investors Connect Meet in Bengaluru, Sai noted that companies across sectors—including engineering, textiles, electronics, IT/ITES, food processing, and green fuel—have expressed interest in investing in the State.
Chhattisgarh has signed a MoU with the NASSCOM, the India Electronics and Semiconductor Association (IESA), and TiE to strengthen collaboration and facilitate further investment.
Major investments
Several major companies have made significant investment commitments across diverse sectors. GPSR Arya Private Limited is set to invest ₹1,350 crore in the compressed biogas (CBG) green fuel sector, while Klene Paks is set to invest ₹500 crore in the textile industry.
Britannia has committed ₹200 crore to the food processing sector, while Keynes Technology will invest ₹1,000 crore to strengthen its operations. Furthermore, Gokaldas Exports and SRV Knit Tech Private Limited will each invest ₹100 crore in the textile sector, contributing to industrial growth and job creation.
The Chief Minister assured investors of transparent and fast-track approval processes backed by industry-friendly policies. “Chhattisgarh offers immense opportunities for investors with its skilled workforce, rich resources, and strategic location. We are committed to creating a thriving industrial environment,” Sai stated.
The State’s new industrial policy aims to simplify business approvals through a single-window system and offers attractive incentives, including tax benefits, capital investment reimbursements ranging from 30-50 per cent, and employment-linked incentives.
With a $1.6 billion investment, Raipur is rapidly emerging as Central India’s premier IT hub. Bastar and Surguja have been identified as priority regions for industrial investment, he concluded.