Chhattisgarh secures ₹9,580 crore investment proposals from Telangana Inc at investor meet

Hyderabad: Chhattisgarh has secured seven investment proposals worth Rs 9,580 crore across sectors such as data centres, cement, semiconductors, solar equipment, textiles, pharmaceuticals and dairy from investors in Telangana, Chhattisgarh chief minister Vishnu Deo Sai said here on Friday.Speaking to mediapersons after an investor connect meet conducted by the Chhattisgarh govt in partnership with the Confederation of Indian Industry (CII) here, the Chhattisgarh CM said these investments have the potential to generate over 7,800 jobs.

These include Hypernext Data Center Limited’s Rs 4,200 crore proposal for setting up a modern data centre with job creation of 250 people, Feegrade and Company Private Limited’s Rs 2,912 crore proposal in the cement sector with potential employment for 4,000 people, Nivai Labs Private Limited’s Rs 1,000 crore plan for semiconductor and GPU infrastructure with job creation of around 200.Apart from these, SG Mart Limited offered Rs 700 crore for solar structure component manufacturing with a potential for about 450 jobs, while Shri Saravana Mills Private Limited proposed Rs 528 crore for textiles where it expects to employ 2,500 people.Kabra Drugs proposed Rs 200 crore in pharmaceutical manufacturing with 250 jobs proposed to be created, and Dinshaw’s Dairy Foods Private Limited proposed Rs 40 crore for milk processing and value addition, with 150 jobs.

The Chhattisgarh CM handed over invitation-to-invest letters to these investors and also urged other companies from Telangana to invest in his state, which has “rolled out the red carpet” for industry.He said Chhattisgarh’s new industrial policy offers streamlined approvals, a single-window system, infrastructure support and investor-friendly policies.Pointing out that Hyderabad’s rise as a technology and innovation hub was an inspiration for Chhattisgarh’s own roadmap in IT, manufacturing and services, he said his state has identified sectors such as electronics manufacturing, defence and aerospace, IT and ITeS as thrust areas with more sops being offered to investors in these sectors.He said investment roadshows and outreach programmes in Indian cities and in countries such as Japan and South Korea helped Chhattisgarh draw proposals to the tune of over Rs 8 lakh crore, including Rs 3.5 lakh crore in energy, in just the past two years.Pointing out that the state is now free of the Naxal problem, he said it is rich in mineral resources such as iron ore, coal, bauxite, lithium, gold and diamonds, among others.The Chhattisgarh CM, who is leading the delegation that includes Chhattisgarh’s commerce and industries minister Lakhan Lal Dewangan, also held one-to-one meetings with Telangana Inc honchos including Ramky Group chairman Ayodhya Rami Reddy for discussions on potential industrial and infrastructure investments in Chhattisgarh.He also met executives from Page Industries, Axis Energy Group, Delta Electronics, Celkon, MagnumWings, Clean Harbors, CSR Estates and Dodla Dairy. Chhattisgarh govt officials said senior representatives of companies such as Bharat Biotech, IBM and Google also evinced interest in meeting the CM in Raipur at a later date.