Chhattisgarh Receives Investment Proposals Worth INR 15,184 Crore
The Chhattisgarh government has announced securing investment proposals worth INR 15,184 crore across sectors such as renewable energy, EVs, semiconductors, IT, and food processing during the Investors Connect Meet in New Delhi. ReNew committed INR 11,500 crore to set up pump storage and green hydrogen projects.
December 23, 2024. By Mrinmoy Dey
The proposals span several sectors, including semiconductors, IT, electronics, food processing, electric vehicles (EVs), electrical equipment, and renewable energy, highlighting the state’s growing appeal as an investment destination.
From the RE and EV sector, major proposals came from ReNew Power Ltd., the TWI Group and Micromax.
ReNew committed INR 11,500 crore to develop pump storage and green hydrogen projects in Chhattisgarh, as confirmed by the company’s Chairman and CEO Sumant Sinha.
Micromax proposed a INR 100 crore investment for a solar cell manufacturing unit.
The TWI Group proposed an investment of INR 1,650 crore to establish an EV kit manufacturing unit, a logistics centre of excellence, and a bamboo park.
Polymatech Electronics Ltd. presented a INR 1,134 crore plan for a semiconductor manufacturing facility. Teleperformance announced a INR 300 crore investment to set up a BPO centre, while Varun Beverages expressed interest in investing INR 250 crore to build a PepsiCo bottling plant. Paramount Communications pledged INR 250 crore for a manufacturing unit.
Chief Minister Vishnu Deo Sai assured investors of the state government’s full support, emphasising its commitment to facilitating ease of doing business and ensuring timely approvals for projects. He highlighted Chhattisgarh’s emergence as a prime investment destination, backed by robust infrastructure and a proactive administration.
Industry Secretary Rajat Kumar noted that Chhattisgarh is rapidly diversifying its industrial base, moving beyond its traditional focus on mining and minerals. The state is becoming a significant hub for electric vehicle manufacturing and a wide range of industries, including pharmaceuticals, train shells, televisions, and lighting equipment.
Kumar also pointed out that the government is introducing policy reforms to create a more favourable business environment, with incentives aimed at attracting both domestic and international investors.
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