Raipur. Chief Minister Vishnu Dev will release the state’s new Industrial Development Policy 2024-30 on November 14 at 6.30 pm in a program organized at Mayfair Lake Resort, Nava Raipur Atal Nagar. Industries Minister Lakhan Lal Dewangan will preside over the program. Deputy Chief Minister duo Arun Sao and Vijay Sharma will be present in the program as special guests.
Agriculture Minister Ramvichar Netam, Food Minister Dayal Das Baghel, Forest and Climate Change Minister Kedar Kashyap, Health Minister Shyam Bihari Jaiswal, Finance Minister O.P. were present in the program. Chaudhary, Women and Child Development Minister Lakshmi Rajwade, Sports Minister Tankaram Verma, Leader of Opposition Dr. Charandas Mahant will be present as special guests.
It is noteworthy that Chhattisgarh’s new Industrial Development Policy 2024-2030 was approved in the cabinet meeting held under the chairmanship of Chief Minister Vishnu Dev Sai on October 28. In this, the Government of Chhattisgarh has made many provisions with the aim of realizing the vision of Vision 2047 of the Government of India and accelerating the industrial development of the state. To convert the trained persons of the state into formal employment, a provision of training stipend reimbursement of Rs 15,000 per person has been made for the industries. This policy will be for till 31 March 2030.
Investment incentives in the new industrial policy include interest subsidy, cost capital subsidy, stamp duty exemption, electricity duty exemption. There is a provision for reimbursement of value added tax. In the new policy, provisions have also been made for market fee exemption, disabled employment grant, environmental project grant, transportation grant, reimbursement of net state goods and services tax.
In this policy, with the aim of creating employment for the youth of the state, a B-spoke package is provided for the industries of specific area on the basis of creation of more than one thousand local jobs. There is a provision to give more incentives under the new industrial policy to the residents of the state, especially Scheduled Castes, Tribes, women entrepreneurs, retired Agniveer soldiers, ex-servicemen, including paramilitary. A provision has been made to provide special incentives under the new industrial policy for Naxal affected people, weaker sections and third gender entrepreneurs. For the first time in the new industrial policy, provision for separate incentives has been made for MSME service enterprises and large service enterprises under the service sector.
This policy includes pharmaceutical, textile, agriculture and food processing and non-timber forest product (NTFP) processing, compressed bio gas, green hydrogen, electrical and electronics, artificial intelligence (AI), robotics and computing (GPU), There is a provision for attractive separate industrial investment incentives for IT, ITES, data centres, hydropower projects, solar energy projects etc. There is a provision for establishment of Industrial Corridor to place Korba-Bilaspur-Raipur of the state in the industrial map of the country. For the formulation of the new industrial policy, it has been prepared by the Industries Department after one year of dialogue and in-depth discussion with all the concerned stakeholders, industrial organizations, industrial groups and related departments.