State Government's industry-friendly policy has accelerated the pace of industrialization

State Government's industry-friendly policy has accelerated the pace of industrialization

Raipur: State government's industrial policy has led to rapid industrial development in Chhattisgarh, under which a total of 1751 units of large, medium, mega, micro, and small industries have been established in the last three years. A total capital investment of Rs 19,550.72 crore has been made by these industrial groups, which has created employment opportunities for around 32,912 people.

Under the competent leadership of chief minister Bhupesh Baghel and the guidance of Industries Minister Kawasi Lakhma, a favorable environment for industrial development and investment has been created in the state, agriculture and forest produce-based industries have been prioritized, various kinds of incentives are being provided to the mineral-based industries. Under the new industrial policy, a special incentive package has been provisioned for the investment in mega-ultra projects of the steel (sponge iron and steel) sector.

Under this package, an investment incentive of up to a maximum of Rs 500 crore is being provided for mega-investment. And an incentive of Rs 1000 crore is being provided for investment in the Bastar division. Through this special package, State Government is not only providing discounts, rebates, and facilities for the investors but has also simplified the procedure of setting up industries in the state. The land cost for allotment in industrial areas has been reduced by 30 per cent. Land rent has been reduced by one percent. Rules have been made for the lease-free holding of up to 10 acres of the allotted land in industrial areas. Industrial land and building management rules have also been simplified.

Even during the lockdown during Covid crisis, while the entire country was affected by the economic slowdown, Chhattisgarh's industrial sector was affected as well. Despite the challenging circumstances, 8 major industries were set up in the state, wherein 132 management employees, 409 employees of the skilled category, and 432 employees of the unskilled category are working. These industrial groups have invested Rs 430.34 crore in these major industries. The 33 medium-scale industries in the state have 322 employees under management, 868 employees of the skilled category, and 1249 unskilled employees. Nearly, Rs 303.75 crore has been invested in these medium-scale industries. The four mega category industries in the state have 387 employees under management, 1635 skilled employees, and 364 unskilled employees. Around Rs 1,388.80 crore has been invested in these industries. In the 292 industries of micro industries of the state, 344 management employees, 707 skilled and 1125 unskilled employees are working. Rs 130 crore 73 lakh have been invested in the aforementioned industries. 494 different small-scale industries have 839 employees working in management besides 1871 skilled and 3415 unskilled employees. Total capital of Rs 942.62 crore has been invested by these small industries.