Mineral and agriculture-rich Chhattisgarh looks to be the new bastion of technological innovation and strategic industries. Under its new industrial development policy for 2024-30, the state has taken momentous decisions to attract investment in strategic sectors, including defence, aerospace, and space technology. These decisions include state GST reimbursement of up to 100%, as well as substantial subsidies and other facilities. The Cabinet has announced a separate industrial incentive package for these advanced technologies, cited as a decisive step towards encouraging the establishment and expansion of cutting-edge industries.MoU on multiple projects to boost growthIn an MoU with the government, Jindal Steel Chhattisgarh Ltd proposes to invest Rs 1,05,358 crore for multiple projects in Raigarh. The projects aim to drive economic growth, generating employment and fostering sustainable industrial development. They include a 500-MW solar power plant, a 2,400-MW thermal power plant, and a steel plant with an annual capacity of 7.5 million tons. These are vital for manufacturing, infrastructure, and energy generation, driving the state’s economic growth. The new industrial policy has attracted encouraging investment proposals from several key conglomerates across diverse sectors.
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