Raipur. To promote investment in Chhattisgarh, Global Investors Meet 2022 'Investgarh Chhattisgarh' will be organised in Raipur in January 2022. Chief Minister Bhupesh Baghel will formally announce the event on Thursday and also launch the logo and website of Investgarh-Chhattisgarh.
Under the supervision of the Chief Minister, the Department of Commerce and Industry, the Government of Chhattisgarh will host the Global Investors Meet 2022. This mega event would bring several leading investment communities, global companies and business leaders from around the world to Chhattisgarh, providing an excellent opportunity to meet Central and State Government officials, local stakeholders, state and local economic development organizations, thought leaders, entrepreneurs, suppliers, distributors, business Innovators in the state. This would also help them explore the exciting benefits of investment, collaborations, partnerships and growth in Chhattisgarh, which in turn would boost the development of the state and the people here through good-paying jobs, skilled workforce, entrepreneurial empowerment and empowerment of indigenous businesses to compete with international companies.
The government led by the Chief Minister has provided special packages and concessions to prioritise agriculture and forest-based industries while creating a conducive environment for investment by formulating a new industrial policy. In addition, the rules for the establishment and operation of industries have also been simplified. In the year 2019-20 and 2020-21, 132 MoUs have been signed for the establishment of new industries in the state, in which a capital investment of 58 thousand 950 crores is proposed. This will provide employment to more than 78 thousand people. During this period, 1564 new industrial units have been established in the state, in which more than 30 thousand people have got employment.
Through the summit, possibilities of providing high-paying job opportunities for the residents of the state, hone their skills and grow businesses while competing with companies of international level will be explored.
“I’m very excited to host this Innovative Investment Summit for Chhattisgarh State,” said Chief Minister, Bhupesh Bhagal. “As the global economy continues to build back from the COVID-19 pandemic, State of Chhattisgarh sits firmly as an alternative destination for Global Investors to support their global operations and will play a vital role in driving economic recovery. We have all the natural resources that are needed, abundant electricity, greater connectivity and attractive location advantage with ease of doing business that will help global companies grow and compete – and I am looking forward to showcasing several exciting and new opportunities in Chhattisgarh alongside leading public and private sector leaders during the Innovative summit.”
Additionally, the 2022 Investment Summit will also be an experience-driven event that highlights and presents the growth opportunities across four major sectors namely Agriculture, Mining, Heavy Engineering & Fabrication and Green Energy, where each sector will have its own pavilion to represent available natural resources, unique process, sustainable resources, innovative working models, workforce, climatic advantage, advanced technologies & solutions and more. The State Government will introduce and announce some of the ground-breaking Policy Changes, Fiscal Incentives, Subsidies and Duty exemptions, the improved business environment for ease of doing business for Global Investors.
The summit will also introduce “Go Global” an initiative supporting native companies and industries within Chhattisgarh to explore collaborations and seek mentorships from global investment communities in expanding their businesses and connections globally.
The Innovative Investment Summit – “Investgarh Chhattisgarh”, will take place at Raipur Fair Grounds from Jan 27th through Feb 1st, 2022, and its facilitator WEEXPOINDIA will serve the Global firms and economic development organizations by Promoting the benefits of investing in the state of Chhattisgarh, Responding to inquiries about the State’s and Nation’s business climate, Helping investors encountering confusion, delays, or obstacles in the regulatory process, Advocating on behalf of the Government in a globally competitive business location decision, Offering guidance on rules, regulations, procedures, and policy positions that impact our global competitiveness, Offering continued and diversified support to companies that have already invested, To increase the FDI ratio to support the increasing job demand, and to contribute to the export share in the economy.
Chhattisgarh, ranked 6th out of 36 (states & UT’s), in the DPIIT World Bank Ease of Doing Business (EoDB), in the year 2021, is transforming the way the business is conducted like never before. A consistent performer in achieving constant growth in SGDP, the state of Chhattisgarh is poised for a paradigm shift to harness Global Investments into the state through Investgarh Chhattisgarh.