India has seen tremendous growth in the past few years, also because of foreign investments into the country. FDI has seen a sharp inflow especially on account of the government boost in the manufacturing sector. India comprises of various states and union territories, one such upcoming state for investments related opportunities in Chhattisgarh.
The State of Chhattisgarh is a landlocked State in Central India which was formerly a part of Madhya Pradesh but was granted statehood on November 1, 2000. It is a land-locked state with Uttar Pradesh in the North, Jharkhand in the North-East, Orissa in the South-East, Madhya Pradesh in the North-West, Maharashtra in the South-West and Andhra Pradesh in the South. The state is divided into two major parts – the river valley of Mahanadi and the hilly regions. The city of Raipur is the State Capital.
Chhattisgarhi is the most widely spoken language, followed by Hindi; both are official languages of the state.
Chhattisgarh is the 9th largest state and with a population of approximately 30 million, it is the 17th most populous State in India. The state has 32 districts while most of the population, approximately 76.76% living in the rural area, while 23.24% of the population is living in Urban area. The literacy rate in Chhattisgarh in the rural area was calculated at 65.99% while the urban literacy rate in the State was calculated at 84.05%. In terms of the working population, 47.68% is the working population, while the other remains marginal workers.
Chhattisgarh large population is located in the prominent cities such as Raipur, NavaRaipur, Raigarh, Bhilai, Korba, Ambikapur, Jagdalpur and Bilaspur. Raipur, being the capital city, is the biggest market of steel and iron in the country. There are about 200 steel rolling mills, 195 sponge iron plants, at least 6 steel plants, 60 plywood factories, 35 ferro-alloy plants and 500 agro-industries. Raipur has over 800 rice milling plants. The Bhilai Steel plant which accounts to one of the largest factories in India has almost 60,000 employees.
About three-fifths of the working population is engaged in agriculture, which accounts for roughly one-sixth of the state’s gross product. The population size of Odisha is equivalent to that of Ireland. Some of the tourist attraction in Odisha lay in the city of Puri, which is famous for its temples notably called as the Jaganath Puri Temple and the Konark Temple also called as the Sun Temple, golden beach, Nandankanan Zoological Park and other attractions in the state.
In term of the geographical land mass Chhattisgarh’s comprises of major farmlands which are under cultivation, while most of the remainder is either under forest cover or is otherwise unsuitable for cultivation. Agriculture continues to be characterized in many areas by the use of traditional methods of cultivation.
The State of Chhattisgarh is India’s best contenders as far as growth is concerned among industrial hubs, as it is regarded as a fertile destination for the entrepreneur and industrialist. It plays a very important role in attracting investments through the industrial subsidy in Chhattisgarh provisions including the subsidy for industries in Chhattisgarh.
The economy of Chhattisgarh is the 18th largest state economy with USD 64 billion in gross domestic product which is equivalent to the GDP of a small nation in Europe like Serbia. The expected growth rate of Chhattisgarh is 11.42%.
It is founded mainly on the sectors such as mining, agriculture, energy production, and manufacturing. The State is rich mineral and resources and has major deposits of coal, iron ore, dolomite, and other minerals. In terms of agriculture, the central lowland is well known for its abundant rice production, also maize and millet dominate the highland. Cotton and oilseeds are the important commercial crops of the region. Chhattisgarh also is a significant regional supplier of electricity, from both thermal and hydroelectric generators. It supplies more power than it consumes. The state’s manufacturing activities focus largely on metals production.
In terms of manufacturing Chhattisgarh has been industrializing—slowly but certainly—since the late 20th century. As part of this planned development, the government has established a number of industrial estates, notably at Raipur and Bhilai Nagar. There are many large- and medium-scale steel and metal industries. There are several factories manufacture fertilizer, synthetic fibres, and chemicals.
The state is a blessed land with a strategic location, abundant natural resources, and an encouraging policy framework making it the best industry destination. The state provides for benefits are full subsidies for industries in Chhattisgarh that can cut capital and operational costs. The State attracts investment from varied sectors such manufacturing, IT, and renewable energy. A simple procedure has been laid in the industrial policy of Chhattisgarh for an enterprise setup making it extremely convenient for doing business.
You may look for more information at https://industries.cg.gov.in/msme/reports/Subsidy_Eligibility_Calculator.aspx
Some of the major manufacturing companies that are present in Chhattisgarh are Tata International, Bhilai Steel Plant and Engineering Corporation Limited, Jindal Steel and Power Limited, Chhattisgarh Steel Product etc.
Two Special Economic Zones are being developed in Chhattisgarh, the first one being the Solar SEZ in Rajnandgaon. The SEZ will cater to the solar equipment manufacturing industry and is Operational 100 MWPA polysilicon and wafer manufacturing facility by Lanco Solar Private Ltd. The second one is called as the IT/ ITeS SEZ in Naya Raipur. It focus on IT/ITeS and Electronics and has State of the art facility for manufacturers and service providers
Chhattisgarh has a variety of connectivity including Rail, Road and Water ways. It has an excellent road network with all district headquarters, tehsils and development blocks being connected with good roads. There are two inland ports in Chhattisgarh being Raipur Port (INRPR) which is located in the central Chhattisgarh Plain, this port is connected to the ports of Vizianagaram and Vishakhapatnam in Andhra Pradesh by rail. Another Dry port at Naya Raipur is being constructed to support local industries and cater to logistic needs.
Chhattisgarh is well connected by air also with its international airport called as the Swami Vivekananda International Airport, formerly known as Mana Airport is located in the capital city of Raipur. It is one of the busiest airports in Chhattisgarh. Other airports include Bilaspur Airport, Raigarh Airport, and Jagdalpur Airport.
In terms of tourist, Chhattisgarh, situated in the heart of India, is endowed with a rich cultural heritage and attractive natural diversity. The State is full of ancient monuments, Rare wildlife, Exquisitely carved temples, Buddhist sites, Palaces, Water falls, Caves, Rock paintings and hill plateaus. Bastar, with its unique cultural and ecological identity, is one of the favorite spots for tourist.
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