Chhattisgarh Simplifies Industrial Policy to Spur Growth & Employment.
Raipur, June 2024 – In a bid to attract investments and generate employment, the Chhattisgarh government, led by Chief Minister Vishnu Deo Sai, has approved amendments to its Industrial Development Policy (2024-30). The revised policy, valid until March 31, 2030, introduces flexible updates, frequent reviews, and sector-specific incentives to boost economic growth.
Key Highlights of the Amended Policy
✔ Employment-Focused Incentives – Companies hiring local residents will qualify for government grants.
✔ Reduced Investment Thresholds – Minimum investment for hotels & resorts in Bastar & Surguja lowered to boost tourism and jobs.
✔ Textile Sector Boost – $200 incentive per employee for new textile investments.
✔ Logistics Push – New logistics policy in the works to position Chhattisgarh as a regional logistics hub.
✔ Tech-Driven Agriculture – Promotion of automation, IoT, and modern farming techniques.
Sectors Prioritized Under the New Policy
- Agriculture & Food Processing – Support for smart farming and agro-industries.
- Textiles & Apparel – Incentives for new units and job creation.
- Tourism & Hospitality – Easier norms for hotels in tribal regions (Bastar & Surguja).
- Toys & Handicrafts – Push for local artisan employment.
- Logistics & Warehousing – Development of transport and supply chain networks.
Why This Policy Matters
- More Jobs for Locals – Companies incentivized to hire Chhattisgarh residents.
- Easier Business Environment – Lower entry barriers for investors in priority sectors.
- Balanced Regional Growth – Focus on underdeveloped areas like Bastar & Surguja.
- Future-Ready Industries – Integration of automation, IoT, and AI in key sectors.
What’s Next?
- Frequent policy reviews to adapt to market needs.
- Logistics policy draft expected soon to improve connectivity.
- More sector-specific incentives likely in coming months.
Impact on Investors & Businesses
✅ Lower capital requirements for tourism projects in tribal areas.
✅ Cash incentives for labor-intensive industries like textiles.
✅ Tech adoption support for agriculture and manufacturing.
✅ Improved logistics to reduce operational costs.
