With the vision of accelerating industrial growth and balanced regional development, the Commerce and Industry Department of Chhattisgarh, under the leadership of Chief Minister Mr. Vishnu Deo Sai, will organize Investor Connect in Bastar on September 11. This initiative brings investment opportunities directly to Bastar, one of the state’s most dynamic regions, as part of the Chhattisgarh Industrial Development Policy 2024–30.
Building on Successful Investment Drives
Earlier, Investor Connect events were successfully held in Delhi, Mumbai, Bengaluru, Raipur, and internationally in Tokyo, Osaka, and Seoul. Since November 2024, these efforts have attracted investment proposals worth Rs. 6.65 lakh crore. The upcoming Bastar edition is expected to further enhance this momentum, driving local entrepreneurship and community empowerment.
Chhattisgarh Industrial Development Policy 2024–30
The policy provides special incentives for projects investing more than Rs. 1000 crore or creating over 1000 jobs. Priority sectors include pharmaceuticals, agriculture and food processing, textiles, IT and digital technology, advanced electronics, aerospace and defense, and global capability centers.
Tourism has also been granted industry status. Projects such as hotels, eco-tourism, wellness centers, adventure sports, and sports facilities in Bastar will benefit from subsidies of up to 45 percent. Since 88 percent of Bastar’s blocks fall under Group-3, investors are assured of maximum policy benefits.
Focus on Social Rehabilitation and Inclusive Growth
The government has included several innovative provisions in the policy to ensure inclusivity. SC/ST entrepreneurs will receive an additional 10 percent subsidy, while families and individuals affected by Naxalism will also be granted a 10 percent extra subsidy. Significantly, surrendered Naxalites employed in new industrial units will receive a 40 percent salary subsidy (up to Rs. 5 lakh annually) for five years. Steel sector units in Bastar will further benefit from a 15-year royalty reimbursement facility, ensuring long-term investor confidence.
Participation of Industry Leaders and Local Entrepreneurs
The Bastar Investor Connect is expected to bring together over 200 leading investors, industry stalwarts, and local entrepreneurs from India and abroad. Several high-level MoUs are likely to be signed, setting new milestones for the economic transformation of Bastar.
Chief Minister’s Commitment to Empowerment
Chief Minister Mr. Vishnu Deo Sai emphasized that the government is committed to giving the youth of Bastar the skills and opportunities they deserve, enabling them to actively participate in Chhattisgarh’s growth story. He stressed that the event will also serve as a developmental response to tackle Naxalism by creating opportunities and prosperity deeply rooted in Bastar’s cultural and social identity.
