Chhattisgarh government sign MoU with NASSCOM, IESA and TIE Bangalore
Chief Minister Vishnu Deo Sai interacts with industrialists and investors in Investors Connect Meet
Chhattisgarh receives investment proposals worth Rs 3700 crores in Investors Connect Meet held in Bengaluru
Bengaluru, March 26, 2025: Several major tech companies from Bengaluru, referred to as the Silicon Valley of India, have expressed interest in expanding their business in Chhattisgarh. Chhattisgarh Chief Minister Vishnu Deo Sai engaged with top industrialists and business leaders to explore investment opportunities in the state. Prominent companies from sectors such as engineering, textiles, electronics, IT/ITES, food processing, and green fuel presented investment proposals worth Rs 3700 Crore to invest in Chhattisgarh.
Chhattisgarh’s industrial growth received a significant boost as the Chief Minister interacted with top business leaders, highlighting the state’s pro-industry policies and robust infrastructure. Major corporations such as BEML, NASSCOM, Gokaldas Exports, Britannia, TIE Bangalore, and the Karnataka Chamber of Commerce lauded Chhattisgarh’s business-friendly policies and infrastructure support and submitted investment proposals during the Chhattisgarh Investors Meet held in Bengaluru today.
The Chhattisgarh government also signed a Memorandum of Understanding (MoU) with NASSCOM, India Electronics and Semiconductor Association (IESA) and TiE Bangalore to boost the state’s development and generate employment opportunities. The agreement was signed to explore immense possibilities of the IT sector, start up, semiconductor industry in the state.
Several major companies have made significant investment commitments in Chhattisgarh. GPSR Arya Private Limited is set to invest Rs 1350 crore in the CBG Green Fuel sector, promoting biogas and green energy production to drive a clean energy revolution in the state. Klene Paks will invest Rs 500 crore in the textile industry, boosting manufacturing capacity and creating new employment opportunities. Britannia has committed Rs 200 crore to the food processing sector, a move that will benefit local farmers and small entrepreneurs. Keynes Technology is making a Rs 1000 crore investment in IT/ITES, aiming to elevate Chhattisgarh’s IT sector and generate large-scale employment. Additionally, Gokaldas Exports and SRV Knit Tech Private Limited will invest Rs 100 crore each in the textile industry, further strengthening this sector within the state.
Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA), along with other representatives, participated in a roundtable discussion with Chhattisgarh Chief Minister and discussed vast potential for investment in the electronics and semiconductor sector.
He said that the policy support, tax incentives and infrastructure development being provided by the state government makes this sector attractive for investment. The Chief Minister said that the Chhattisgarh government is ready to provide special facilities to this sector under the Make in India and Digital India campaigns.
Industrialists associated with the textile industry showed interest in setting up business in Chhattisgarh. Akhil Khanna, head of SRV Knit Tech Pvt. Ltd, Shyam Textiles Ltd. • Chandu Bhai, Head of Gokaldas Exports, Madan Lal Hinduja, Head of Punit Creations, Manoj Agarwal, Head of Klene Paks, Wool research Association have expressed their desire to set up textile parks, production units and export centers. Madan Padaki of TiE Inc. shared his views on innovation and startup ecosystem.
The Chief Minister said that with digital technology, Chhattisgarh is becoming a model state of good governance. The Chhattisgarh government has now eliminated the paperwork for investment. NOC will be available in just one click and the decision will also be taken digitally. The new industrial policy has made the investment process easy and transparent.
Chief Minister Vishnu Deo Sai assured investors of transparent and fast-track approval processes backed by industry-friendly policies. “Chhattisgarh offers immense opportunities for investors with its skilled workforce, rich resources, and strategic location. We are committed to creating a thriving industrial environment,” Sai stated.
The state’s new industrial policy simplifies business approvals through a single-window system and offers attractive incentives, including tax benefits, capital investment reimbursements (30-50%), and employment-linked incentives.
The government has introduced special incentives for emerging sectors such as Artificial Intelligence, Robotics, Computing, and Green Hydrogen. Additionally, the state is promoting investments in Electrical & Electronics, Pharma, Textiles, and Food & Agro Processing. A pharmaceutical park in Nava Raipur is also underway, set to become Central India’s largest.
With a $1.6 billion investment, Raipur is rapidly emerging as Central India’s premier IT hub. The Greenfield city of Nava Raipur also presents significant potential for IT industry expansion, offering state-of-the-art infrastructure and investment opportunities.
Bastar and Surguja have been identified as priority regions for industrial investment, with core sector incentives ranging from 50-100% and additional benefits such as iron and coal royalty exemptions. A new 118-acre industrial zone near Nagarnar Steel Plant in Bastar is being developed to support MSMEs. Bastar’s rich tourism potential, including Kotamsar Caves and Asia’s Niagara Falls, is receiving a boost with improved air connectivity, creating further investment prospects in the tourism sector.
The conference saw participation from key officials, including Industry Minister Lakhan Lal Dewangan, Principal Secretary to the Chief Minister Subodh Singh, Industry Secretary Rajat Kumar, and Investment Commissioner Ritu Sain. CSIDC Managing Director Vishwesh Kumar was also present, underscoring the state’s commitment to industrial growth.
