Chief Minister Vishnudev Sai invited investors in ‘Investor Connect’, received proposals worth Rs 9,580 crore…

Raipur. Chhattisgarh has achieved another important achievement in the direction of attracting investment. Seven leading companies from different sectors have made investment proposals worth Rs 9,580 crore at the ‘Chhattisgarh Investor Connect’ event held in Hyderabad, which is likely to create more than 7,800 jobs.

Also read: Read Investigation: Despite free textbooks, uniforms, mid-day meals, scholarships, the number of students in government schools is decreasing!

On this occasion, Chief Minister Vishnudev Sai invited leading industrialists and investors of the country to invest in Chhattisgarh and said that Chhattisgarh is rapidly emerging as the growth engine of developed India and a ‘red carpet’ has been laid for investors in the state. Chhattisgarh Commerce and Industry Minister Lakhan Lal Dewangan and many big industrialists, investors and business representatives of South India were present in the program.

Addressing the program, Chief Minister Sai said that after the implementation of the new industrial policy, the state has received investment proposals worth more than Rs 8 lakh crore through Investor Connect programs organized in Delhi, Mumbai, Bengaluru as well as Japan and South Korea. The state government is working rapidly to implement these proposals.

Chief Minister Sai said that Chhattisgarh is emerging as one of the best states in the country for investment today. Easy procedures, single window system, better infrastructure facilities and industry friendly policies are available to the industries in the state. He invited investors to set up industries in Chhattisgarh.

Chief Minister Sai said that Hyderabad has achieved remarkable success in sectors like IT, Pharma, Biotechnology and Aerospace. Chhattisgarh is also progressing rapidly in these areas and industrialists and entrepreneurs of both the states can together take advantage of new opportunities.

He said that Chhattisgarh located in Central India has the potential to become the most suitable logistics hub of the country. Chhattisgarh is surrounded by seven states and provides direct access to more than 60 crore consumers. Railway network, Bharatmala project, air cargo facilities and availability of mineral resources make it extremely favorable for industries.

The Chief Minister said that Chhattisgarh is among the leading states promoting green steel in the country. The state has received investment proposals worth more than Rs 3.5 lakh crore in the energy sector, due to which the state is emerging as a major power hub of the country.

During the program, Chief Minister Vishnudev Sai provided ‘Invitation to Invest’ (offer letters) to seven major companies to invest in Chhattisgarh. These include leading companies in the data centre, cement, semiconductor and GPU infrastructure, solar energy equipment manufacturing, textiles, pharmaceutical and dairy processing sectors.

The largest investment proposal was received from HyperNext Data Center Limited, which proposed an investment of ₹4,200 crore to set up India’s first dedicated disaster recovery data center campus in Chhattisgarh. This project will strengthen the digital infrastructure in the state and Chhattisgarh data center will become an important center of the region. This project will generate approximately 250 jobs.

Fegrade & Company Private Limited has proposed to invest Rs 2,912 crore in the cement sector, which is likely to provide employment to about 4,000 people. Niwai Labs Private Limited proposed to develop facilities related to AI (Artificial Intelligence), GPU infrastructure, advanced computing and semiconductor assembly with an investment of ₹1,000 crore. This will promote modern technical industries in the state and create about 200 jobs.

SG Mart Limited, in the solar energy equipment manufacturing sector, has proposed to invest Rs 700 crore, which can provide employment to about 450 people.

Saravana Mills Private Limited proposes to set up a state-of-the-art textile and apparel manufacturing unit with an investment of ₹528 crore. This project is likely to provide employment to about 2,500 people.

Kabra Drugs of pharmaceutical sector has proposed to invest Rs 200 crore and Dinshaw’s Dairy Foods Private Limited of dairy sector has proposed to invest Rs 40 crore. These two projects will generate approximately 250 and 150 jobs respectively.

During the Hyderabad visit, Chief Minister Vishnudev Sai and the state delegation held meetings with senior officials of many leading companies of the country. These included major companies like Google India, IBM, Polycab India, Page Industries and Delta Electronics. Investment prospects in Chhattisgarh, available industrial facilities and industry-friendly policies of the state government were discussed in detail in the meetings.

Apart from this, representatives of Swami Narayan Gurukul organization also met the Chief Minister and discussed the proposal of setting up a 650-bed charitable hospital in Tatibandh, Raipur.

The Investor Connect event highlighted investment opportunities in future industries such as IT, Data Centre, Semiconductor, Electronics, Pharmaceuticals, Aerospace & Defence, Global Capability Center (GCC) and Advanced Manufacturing. Investors showed special interest in these areas.

CSIDC Chairman Rajeev Aggarwal, Principal Secretary to the Chief Minister Subodh Kumar Singh, Industries Department Secretary Rajat Kumar, Chief Minister’s Secretary Rahul Bhagat, Investment Commissioner Surutu Sen, CSIDC Managing Director Vishwesh Kumar, Industries Department Director Prabhat Malik and other officials were present in the programme.

Don’t forget to follow Read.Com’s WhatsApp channel.