Raipur: Chhattisgarh received an investment proposal of more than ₹15,000 crore, in the ‘Investors Connect Meet’ held in New Delhi on Monday, a government statement said.

The state, with its new industrial policy, aims to transform into a hub for modern industries, prioritizing semiconductor, IT, electronics, food processing, EV, electrical, and renewable energy sectors and the new investment proposals came as an outcome of Chhattisgarh government sincere efforts and continuous consultation with the industrialists.

Chief Minister Vishnu Deo Sai highlighted the state's investor-friendly climate and its potential across agriculture, energy, and manufacturing in the investors meet. He stated, "Our new industrial policy offers tax, land, and electricity exemptions, along with single-window clearances. Chhattisgarh is not only mineral-rich but is also emerging as a center for modern industries." The policy includes subsidies and incentives for sectors like AI, robotics, green hydrogen, and data centers.

The state's efficient subsidy process ensures approvals within seven days, while ready-to-develop industrial plots will be available in 60 days. Industries can also utilize self-certification to reduce bureaucratic delays.

The industrialists also expressed their interest towards investment in Chhattisgarh and the state received Key investment proposals include ₹11,500 crore from Renew Power for pump storage and green hydrogen, ₹1,650 crore from TWI Group creating 1,000 jobs, ₹1,134 crore from Polymatec Electronics in semiconductors, ₹300 crore from Teleperformance for a back-office center, and ₹250 crore each from Varun Beverages for a PepsiCo plant and Paramount Communications, also promising 1,000 jobs. Additionally, Micromax has proposed ₹100 crore for solar cell manufacturing, underscoring the focus on renewable energy.

To boost industrial development in Bastar, the government introduced special incentives, including up to 100% royalty exemptions on coal and iron ore for core industries and a 15-year royalty reimbursement. A 118-acre industrial zone in Niyanar is being developed to attract investors.

The Chief Minister plans to appoint IIM graduates as investment managers under the Chief Minister’s Industrial Internship program, providing remote assistance to investors for efficient processes and personalized support.

State officials, including Industry Minister Lakhanlal Dewangan, Chief Secretary Amitabh Jain, and Investment Commissioner Ritu Sain, emphasized the industrial ecosystem's benefits, showcasing the state's diversification into pharmaceuticals, EVs, and electronics.

The Chief Minister reassured investors of the state’s commitment to minimizing operational barriers. “We will support you at every step to ensure a smooth business journey,” he stated.