Chhattisgarh set to drive growth in the country: Dr. Raman Singh

Chhattisgarh set to drive growth in the country:

 

Dr. Raman Singh

 

 

Chief Minister of Chhattisgarh invites business-tycoons to invest in his state at a Road-show in Mumbai

 

Mumbai, Oct. 11, 2012(Sachin Murdeshwar): According to Hon’ble Chief Minister of Chhattisgarh Dr. Raman Singh, the state will drive the financial growth of the country in the coming years. The state has a huge reserves of natural resources, uninterrupted power, trained manpower, investor friendly environment and political stability which makes it a better investment destination than most of the states of the country. At a time when the country is going through a tough time in the financial sector, Chhattisgarh is the ray of hope for the entire nation. He reiterated that increase in GDP, agriculture growth rate and financial growth rate, etc are making the state stronger day-by-day.

Leading the charge of this blitzkrieg for sustainable investments in Chhattisgarh the Hon’ble Chief Minister of Chhattisgarh Dr Raman Singh, was addressing the who’s who of the business tycoons inviting them to invest in the credible state at the Mumbai Road-show of the Global Investors Meet and Exhibition, scheduled to be held on the 2^nd and 3^rd November, 2012.

(In Pic L to R: Mr. Sunil Kumar, Chief Secretary of Chhattisgarh; Mr. Ajay Devgn - Actor; Dr. Raman Singh, Honorable Chief Minister of Chhattisgarh; Mr. Rajesh Munat, Minister of Commerce & Industry, Govt. of Chhattisgarh. )

Mr. Rajesh Munat, Minister for Commerce and Industry, Govt. of Chhattisgarh was also present at the Road-show along with Chhattisgarh State Industrial Development Corporation Chairman Mr. Badridhar Diwan, Chief Secretary Mr. Sunil Kumar and Principal Secretary Mr. N Baijendra Kumar.

Correct policies, programs, schemes and positive approach of the state government has helped Chhattisgarh in making its mark on the national and international level, he said at a road show organized to welcome world Business Community to participate in the State’s “Global Investors Meet- 2012” slated for the first week of November in Naya Raipur.

Noting that the state has maintained a double digit GSDP growth rate since last eight years, the chief minister said the state attained the highest growth rate in the country in 2009-10, which was 11.49 per cent, and increased it to 11.57 per cent in 2010-11.

Hon’ble CM said Chhattisgarh has abundance of natural resources but it would have been difficult to achieve over all development of the state without formulating policies that promote balanced development.

He said Chhattisgarh has started a new era by increasing participation in the process of development and added that in the coming few years Chhattisgarh will be amongst the top three developing states.

The Chief Minister, addressing a high-profile congregation of industry stalwarts, stated that the state offers one of the best infrastructures in the Western region thus making it investment friendly. Updating the audience on infrastructure support in the State, Singh said that Chhattisgarh is a power surplus state with no power-cuts mainly due to large (19 per cent of the total coal reserves in the country) coal reserves and the State Government’s progressive policies for the sector. He added that the country has the target of setting power houses of 90, 000 MW, out of which 30,000 MW will be set up in Chhattisgarh.

Addressing the investors, Singh said Chhattisgarh has been seeking investment in the field of auto and engineering IT, bio technology, pharmaceuticals, urban infrastructure, new and renewable energy, minor forest produce, agro and food processing, handicraft and tourism. He assured the investors that the state has ample opportunities and quality resources in these sectors.

In an attempt to woo foreign investors, the chief minister said attractive industrial policy of the state would act as a catalyst to massive capital investment. He also mentioned that those investing in the state would be given attractive subsidies. He informed that the state has constituted an investment promotion board at state level for attracting more investments. He said investors will also be provided single window clearance for investment proposals.

He informed that Chhattisgarh has 12 integrated infrastructure development centres and 5 industrial parks for industrial development. 8 industrial areas, 3 grand industrial areas and three special economic zones have also been proposed.

He said an engineering park spread in 120 acres will soon come up in Bhilai. 150 units of engineering products, machine tools auto components could be set up at this park. Power aluminum sector could be developed in Korba. The state has ample scope of investment in the field of agriculture. He said Chhattisgarh is the first to formulate state forest policy. Herbs and medicinal plants have a global market of 11 billion dollars and Chhattisgarh could contribute more to it with its 1500 medicinal plants, he said.

He said Naya Raipur will be the most modern city of the 21^st century. Spread in 8,000 hectare, this will be the fourth planned capital city in the country.

(In Ptc Lto R:Mr. Rajesh Munat, Minister of Commerce & Industry, Govt. of Chhattisgarh; Dr. Raman Singh, Chief Minister of Chhattisgarh; Mr. Sunil Kumar, Chief Secretary of Chhattisgarh;)

Among the industry stalwarts attending the event were top executives from firms such as Future Group, Reliance Anil Dhirubhai Ambani Group, Aditya Birla Group, Reliance Industries Limited, Glenmark Pharmaceuticals Limited, Larsen & Toubro Ltd., Videocon Industries Ltd., Wockhardt Limited, Zee Telefilms, Piramal Healthcare, Merck Limited, BASF India Limited, Avantha Group, Godrej Group, RPG Group, Thrive Energy, Hiranandani Constructions Pvt Ltd, Waree Energy, Agrawal Packers and Movers, Astral Pharma, IDFC, Anik Industries, Ajanta Pharma, Ginger Hotels, Kotak Mahindra and members of the US Consulate, FICCI, CII, ASSOCHAM, NASSCOM and AMCHAM.