Chhattisgarh Launches Industrial Policy 2024 for Inclusive and Green Economic Development

Team Finance Saathi

    15/Nov/2024

What's covered under the Article:

  1. Chhattisgarh's Industrial Policy 2024, launched by CM Vishnu Deo Sai, prioritizes sustainable growth through green technologies and inclusive development.
  2. The policy introduces incentives for sectors like pharma, textiles, and AI, aiming to boost innovation, job creation, and investment across Chhattisgarh.
  3. Major infrastructure developments, including the Korba-Bilaspur-Raipur Corridor and Naya Raipur as an IT hub, are central to the policy's vision.

Chhattisgarh’s Industrial Policy 2024, introduced by Chief Minister Vishnu Deo Sai, is a bold initiative aimed at transforming the state's economy through inclusive and sustainable industrial growth. The policy, dubbed #CGIndustrialPolicy24, is aligned with India’s Vision 2047, which envisions a zero-carbon economy driven by green technologies and innovative industries. Central to the policy’s success will be the promotion of green industries, such as AI, green hydrogen, and green steel, which will reduce the environmental impact of industrial processes and contribute to the global push for sustainability.

One of the key components of the policy is the development of crucial infrastructure projects, including the Korba-Bilaspur-Raipur Industrial Corridor, which will connect key industrial zones and boost trade, manufacturing, and logistics across the state. Additionally, Naya Raipur will be positioned as an IT hub, attracting tech companies and fostering digital innovation in the region.

The policy also aims to make industrial growth more inclusive by focusing on empowering marginalized groups, including women, ex-servicemen, young entrepreneurs, and people from underrepresented communities. The Udyam Kranti Yojana, a flagship initiative of the policy, is designed to support these groups in establishing their own businesses and gaining access to the resources and networks necessary for success. Through targeted programs and financial incentives, the policy aims to level the playing field and ensure that economic development is not just concentrated in major urban centers but reaches all parts of the state.

Incentives are being provided to key sectors such as pharmaceuticals, textiles, and green enterprises, with the goal of fostering investment, innovation, and job creation. Additionally, the policy includes tailored packages for startups, MSMEs (Micro, Small, and Medium Enterprises), and large industries, creating a supportive ecosystem for businesses to thrive at every level of the industrial spectrum.

This new policy comes at a critical time, as Chhattisgarh seeks to accelerate its economic development while balancing the need for sustainability and social equity. By focusing on job creation, skill development, and investment, the CGIndustrialPolicy24 promises to not only transform the industrial landscape of Chhattisgarh but also contribute to India’s broader goals of economic growth, environmental sustainability, and social equity.

The introduction of this policy underscores the state’s commitment to green innovation and inclusive growth, ensuring that the benefits of industrial development reach all corners of society. With its robust focus on technological advancement, sustainability, and equity, Chhattisgarh is positioning itself as a leader in eco-friendly industrialization and inclusive growth in India.

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