The Chhattisgarh Government is seeking investments in sectors like automobiles, bio-technology and IT as traditional industries have saturated, the Chief Minister, Raman Singh, said on Thursday.
Singh was addressing the media at a roadshow for attracting investors for a global investor meet, which is to be held from November 2 to 3 in Naya Raipur.
He said investments in core areas like steel, cement and power have already reached their full capacity. Therefore, the State Government is looking at new areas, which could attract investments. “Business houses like Hinduja, Aditya Birla, Tata and Hiranandani have already shown a lot interest in investing in Chhattisgarh,” he said.
“The State wants to leverage its geographical location and its educated workforce for attracting new investments,” he said.
Power surplus state
Chhattisgarh is a power surplus State, therefore companies can work in all the three shifts. By 2017, about 30,000 MW of additional power projects would be up and functional in the State.
“We are a State with the lowest power tariff and we will continue to provide cheap power,” Singh said.
He said industries in the State, especially in power, steel and cement sectors, are already clocking growth of about 19 per cent, which is expected to increase to 22 per cent by 2012.
Singh also announced that within a few days, new policies for solar energy and the real estate sector would be made public. The policies have been made after several discussions with various stakeholders, he said.
Commenting on the Naxal threat in the State, Singh said the threat is only limited to the Bastar region in southern Chhattisgarh. In spite of the threat, NMDC is putting up a three MTPA capacity steel plant at Nagarnar, which is close to Bastar, he added.