Chhattisgarh: Industrial Policy

 

Industrial policy of any state paves the way to development in particular direction with a specific thought process.

 

  • The first Industrial Policy of Chhattisgarh state was unveiled on November 1, 2001.
  • The second Industrial Policy was introduced on November 1, 2004 with a validity of five years.
  • The Third Industrial Policy was implemented during 2009-2014.
  • The new Industrial Policy 2014-19

 

Chhattisgarh has been ranked fourth in Ease of Doing Business as per Ranking 2016 by department of industrial policy and promotion (DIPP) and World Bank for 36 Indian states and union territories. RAIPUR: Chhattisgarh has been ranked fourth in Ease of Doing Business as per Ranking 2016 by department of industrial policy and promotion (DIPP) and World Bank for 36 Indian states and union territories. RAIPUR: Chhattisgarh has been ranked fourth in Ease of Doing Business as per Ranking 2016 by department of industrial policy and promotion (DIPP) and World Bank for 36 Indian states and union territories.

The Chhattisgarh sanctioned new industrial policy for 2014-19. The policy includes the provision of subsidy worth Rs.5 crores for establishing an industrial park in the private sector. Provision of establishing ‘Land Bank’ of over 10,000 hectares for various industries has also been included in the policy.

Moreover, to promote bicycle manufacturing, pharmaceuticals, electronic products, textile industries etc, these industries will be included as “priority” in the new policy.

 

The prescribed limit for mega project will be reduced for these industries, so that they may get its benefits on lesser investment. Under the new industrial policy, the Chief Minister Cluster Development Scheme will be initiated, under which the state government will provide Rs.50 lakhs as subsidy.

 

On the lines of ‘Make in India’ concept, the state will implement ‘Make in Chhattisgarh’ policy under which manufacturing units of the related industries will be promoted with priority.

 

The domiciles of Chhattisgarh will be encouraged to set up their own enterprises and they will also be provided better employment opportunities.

Capital investment in the state will be promoted by making industry competitive in comparison to other states.

 

 

Taking leaf out of Prime Minister Narendra Modi’s “Make in India” concept, Chhattisgarh had designed its new industrial policy aimed at inviting investors to manufacture the product in the mineral-rich state.

Chhattisgarh had invited huge investment in core sectors like steel, power, cement and aluminum from the previous industrial policies. About 120 Memoranda of Understanding were signed since the inception of state and 60 proposals had been implemented and expanded. The remaining proposals are under various stages of implementation.

The State had achieved new heights in the core sector. The main focus is now on the none-core sector like agriculture, automotive, alternate energy, information technology, pharmaceuticals, health care, and tourism. The Global Investors Meet was held in 2012 in non-sector segment for the first time. Locals should be provided jobs in the industries and more avenues should be created besides encouraging the youths to start their own industries.

In the proposal industrial policy, the state government was planning was create a land bank for mega industries, special packages for the deprived sections of the society, revival of the sick and closed industries and land acquisition for small-scale industries around the proposed Rail Corridor and Dallhi-Rajhara-Rowghat-Jagdalpur railway line.

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