A series of road shows in different cities across India would power Chhattisgarh government’s initiative to drive investment in the mineral-rich state.
The state government has planned to organize a mega investor meet in the Chhattisgarh’s capital city in the first week of November. This would be the first event to attract the investment in the state that had been bestowed with about 18 per cent of country’s coal and iron ore reserves.
The industry department along with state-run Chhattisgarh State Industrial Development Corporation (CSIDC) had started the preparation for the mega show. The organizers have planned to organize road shows in the metro and important cities having corporate interests to drive investment.
To start with, the road show kicked off from Pune that is fast emerging as an enchanting destination for the investment in the Information Technology (IT) sector. The Chhattisgarh government is eyeing on the non-core sector for investment as it had earlier made it clear that investment in steel, power, cement and aluminium had already reached saturation point and there was no further scope.
“The state government would now be targeting the industries in the non-core sector that include auto mobiles, IT, electrical, food processing, plastic and others,” Chhattisgarh’s industry minister Rajesh Munat said. He headed the road show in Pune and met prominent industrialists include Rahul Bajaj. The similar road show would be organized in Delhi, Mumbai, and Bangaluru beside other metropolis to inform the investors about Chhattisgarh and its mineral wealth, he added.
The government is planning to organize road shows abroad also to invite foreign companies in the state.
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“The final decision to organize shows abroad would be taken in a day or two,” Munat said. The organizers said about 3000 delegates were likely to attend the two-day investor meet to be held in the first week of November.
“We would inform the investors about the industrial policy of Chhattisgarh that offered attractive packages for the investors,” Munat added.