Red carpet rolled out for investment in Chhattisgarh; proposals worth Rs 9,580 crore received (UPDATED)

Raipur: Chhattisgarh has attracted investment proposals worth Rs 9,580 crore across high-growth sectors including data centers, semiconductors and GPU architecture, solar energy equipment, textiles, and pharmaceuticals at the state Investors Connect in Hyderabad. Seven major organizations submitted proposals that are expected to generate around 7,800 direct jobs, underscoring growing investor confidence in the state's industrial ecosystem and policy framework.

Chhattisgarh CM Vishnu Deo Sai handed over “Invitation to invest letter” to the prospective investors, marking a significant step in the state's efforts to position itself as a preferred destination for technology-led and manufacturing investments.  Commerce and Industries Minister Lakhan Lal Dewangan and leading industrialists from southern India attended the event.

The largest proposal came from Hypernext Data Center Limited, which plans to invest Rs 4,200 crore in a state-of-the-art data centre, creating around 250 jobs. Feegrade and Company Private Limited proposed Rs 2,912 crore in the cement sector, with potential employment for 4,000 people. Nivai Labs Private Limited announced a Rs 1,000 crore investment in semiconductor and GPU infrastructure, while SG Mart Limited proposed Rs 700 crore for solar equipment manufacturing. Additional investments include Rs 528 crore by Shri Saravana Mills in textiles, expected to generate 2,500 jobs; Rs 200 crore by Kabra Drugs in pharmaceuticals; and Rs 40 crore by Dinshaw's Dairy Foods for milk processing and value addition.

Addressing investors, CM Sai said Chhattisgarh is emerging as a preferred investment destination due to streamlined approvals, robust infrastructure, and industry-friendly policies. He invited Hyderabad-based companies, particularly in IT, pharmaceuticals, and logistics, to explore opportunities in the state.

Sai noted that investor outreach programmes across India and abroad, including Japan and South Korea, have attracted proposals worth over Rs 8 lakh crore. He highlighted Chhattisgarh's growing strengths in green steel and energy, with investment proposals worth Rs 3.5 lakh crore in the power sector. The delegation also held discussions with leading companies on investment opportunities and industrial expansion in the state.

 

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