Chief Minister gave in-principle agreement to the strategy of inviting foreign investment in Chhattisgarh

Chief Minister Bhupesh Baghel has given in-principle consent to the proposed action plan of the Department of Industries regarding foreign direct investment in the state of Chhattisgarh. He also talked to the Principal Secretary of the Department of Industries to conduct necessary discussions and correspondence to invite industries from select sectors to Chhattisgarh. Priority for setting up of industries like automobile, iron and steel, heavy engineering, electric wire and optical fiber, consumer durables, textiles, electronics etc. was discussed in detail in the state. Industries Minister Mr. Kavasi Lakhma, Additional Chief Secretary to Chief Minister Mr. Subrata Sahu, Principal Secretary of Industries Department, Mr. Manoj Pingua and other officials were present on the occasion.

    Principal Secretary Industries Mr. Manoj Pingua while making a presentation regarding foreign capital investment through the power point presentation said that in view of the situation created in the world at present due to Kovid-19 transition, especially in the state of Chhattisgarh Opportunities to invite foreign industrial institutions wishing to exit China to establish industry here Are. He informed that major companies from USA, Japan, South Korea, Taiwan and Vietnam can be invited to establish their industry in Chhattisgarh. He informed that preliminary preparations have been started by the department in this regard. Mr. Pingua informed that many units of companies of the said countries are already functioning in India. It would be appropriate to invite them to start their own enterprise in the state of Chhattisgarh, for which necessary facilities and concessions can also be given. Mr. Pingua informed that foreign companies were given the opportunity to establish single industry in Chhattisgarh for single stroke clearance, land with plug and play facility, skilled manpower, simplification of project approval, investment package, joint venture with local investors, necessary infrastructure, power , Water surcharges may be waived. It has also been agreed to set up a committee of senior secretaries under the chairmanship of the Chief Secretary to take quick decisions on foreign investment.