India

What is behind Chhattisgarh’s ₹8 lakh crore investment claim?

ANI-20261006362-0_1791772348581_h7DK_1791772367711_65o2_18687d9c-08d9-47db-8183-6c522e88cc1a_p2DN

Bharatmorning.com – Chhattisgarh has received investment commitments of around₹8 lakh crore for 280 projects since the Industrial Development Policy 2024-30 was introduced in November 2024, senior state government officials said.

The projects are expected to generate more than 1.6 lakh jobs. Around 55 per cent of the projects have reached the grounding stage, officials said.

The figure represents an investment commitment, not money already invested. The government will have to ensure that the projects move from commitments and approvals to construction, production and employment.

Chhattisgarh's industrial economy has traditionally been dominated by mining, steel, power and other mineral-based industries.

Senior officials said around half of the 280 projects are in sectors such as electronics, pharmaceuticals, textiles, food processing and IT, where the state had limited industrial presence earlier.

The government is using the new industrial policy to attract investments in sectors that can broaden the state's industrial base.

Polymatech Electronics is setting up a₹10,000 crore semiconductor unit in the state. Officials said the company received land allotment within 45 days of starting the process.

RackBank is setting up an AI data centre park in Nava Raipur with an investment of₹1,000 crore. The facility is planned to have a capacity of 100,000 GPUs.

Other projects include the state's first units in garment manufacturing, consumer electronics, chocolate-based food processing, intraocular lens manufacturing and global BPO operations, officials said.

The state government has undertaken more than 450 ease-of-doing-business reforms under the Industrial Development Policy 2024-30.

One of the major changes is the Ease of Doing Business Act, under which approvals are linked to an enterprise's risk category.

Low- and medium-risk units can get lifetime approvals. Officials said 43 services across eight departments are deemed approved if government departments do not act within the stipulated period.

The state has also introduced two editions of the Jan Vishwas Act, which decriminalised 279 minor offences.

Mutation is now automatic after property registration. Around 2.5 lakh records were mutated in six months, senior officials said.

Agricultural land can be converted for industrial use by paying the prescribed fees online.

Around 8,948 land diversions were completed on an intimation basis during the past six months, officials said.

Industrial land allotment has also been moved online. Around 1,548 acres have been allotted without human intervention.

The OneClick Single Window System now provides around 187 services across 25 departments.

The system is intended to reduce the number of separate approvals an investor has to obtain from different departments.

The state has also introduced deemed-approval provisions for certain services, under which an application is deemed approved if officials fail to act within the prescribed period.

Shops, offices and restaurants have been allowed to operate round the clock. Women can work in all shifts, subject to safety safeguards.

The government says these measures are aimed at making it easier for industries, particularly those operating in sectors such as manufacturing and services, to run their units.

The government is also trying to attract investment to Bastar and other tribal districts, which have traditionally had limited private industrial activity.

Senior officials said applications for incentives from Bastar, Sukma, Kondagaon and Dantewada have increased by 102 per cent.

The increase comes as the government expands infrastructure, connectivity and basic services in these districts.

The figure shows the scale of investment interest claimed by the state since the introduction of the new industrial policy.

Investment commitments can take several years to translate into land acquisition, construction, machinery installation and commercial production.

The government says 55 per cent of the projects have already reached the grounding stage, which means work has moved beyond the initial commitment stage.

The next measure will be how many of the 280 projects become operational and how many of the promised 1.6 lakh jobs are actually created.

Chhattisgarh ranked first among 17 major states in Regulatory Ease and Institutional Environment in the CRISIL-NITI Aayog Investment Friendliness Index 2026.

The state was also named a Top Achiever in four business categories in the Department for Promotion of Industry and Internal Trade's Business Reforms Action Plan ranking.

Senior officials said the rankings and the investment commitments indicate that the policy changes are helping the state compete for new industries.

The bigger test, however, will be the implementation of the 280 projects and conversion of the investment commitments into actual production and jobs.

Ritesh Mishra is the State Correspondent for Chhattisgarh with Hindustan Times. He reports on Maoism, internal security, politics, mining, governance, and major developments shaping the state. Based in Raipur, he has covered Chhattisgarh since 2016, reporting extensively from the Bastar region and other conflict-affected areas.
With nearly two decades of experience in journalism, Ritesh has built a reputation for ground reporting from some of India's most challenging terrains. His coverage spans Left-Wing Extremism, counter-insurgency operations, elections, tribal affairs, environmental issues, infrastructure, mining, and socio-economic developments. He has reported on major security operations, policy initiatives, wildlife crime, and the changing dynamics of conflict and development in Central India.
Before moving to Chhattisgarh, Ritesh spent eight years reporting from Madhya Pradesh, covering politics, administration, crime, development, and social issues. Throughout his career, he has reported on various forms of extremism in Central India, combining field reporting with in-depth analysis to produce accurate, balanced, and impactful journalism.
Prior to joining Hindustan Times, Ritesh worked with The Pioneer and The Free Press Journal, where he covered a wide range of beats and honed his skills in political, investigative, and field reporting.
His reporting is marked by exclusive stories, extensive fieldwork, and a commitment to factual, on-the-ground journalism that brings complex issues to a wider audience.Read More

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