CG to become industrial hub of India with new industrial policy: CM Sai
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CG gives special incentives to industries in Naxal-affected areas
Raipur(Team Newsbuddy): Chhattisgarh Chief Minister Vishnu Deo Sai highlighted the transformative initiatives undertaken by his government, which are poised to play a crucial role in driving India’s overall growth. He emphasized that the state’s new industrial policy is a key step towards establishing Chhattisgarh as an industrial hub, with a focus on fostering regional economic development, creating jobs, and modernizing infrastructure. The policy is particularly aimed at accelerating growth in tribal and backward areas, ensuring that the benefits of development are widely distributed and contribute to the nation’s broader economic progress.
Underlining the key feature of the new policy, the chief minister said that the industrial policy emphasis on employment generation, particularly in the tribal regions, with a focus on creating 5 lakh new jobs over the next five years. The inclusion of tourism in the industrial policy will not only provide a significant income boost to people residing in these areas but will also create numerous job opportunities, the chief minister said while speaking at the 10th Edition of the India Economic Conclave held at Bharat Mandapam in New Delhi.
Elaborating further, he informed that the new industrial policy also includes significant rehabilitation incentives aimed at industries that employ surrendered Naxals, offering up to 40% reimbursement of their net salary, with a subsidy cap of Rs. 5 lakh per annum for five years. This initiative is part of a broader effort to promote development in Bastar, where small, medium, and micro industries stand to benefit from a range of support measures. These include capital investment grants of up to 45% on investments between Rs. 45 lakh and Rs. 8 crore, as well as SGST reimbursement of up to 150% for the next decade, creating a conducive environment for local economic growth and social integration.
Chhattisgarh Secretary Industry department Rajat Kumar and Director Industries Prabhat Mallik gave presentations on Naya Raipur and New industrial policy at the conclave.
