Latest update: March, 2016
Chhattisgarh is located in central India. It is among the richest Indian states in terms of mineral wealth, with 28 varieties of major minerals, including diamonds. Chhattisgarh is ranked fifth in terms of value of major mineral production in India, with a 9.8 per cent share in 2014-15. The coal production of the state in 2014-15 was recorded at 115.19 million tonnes. The state accounts for 22.6 per cent of coal production and 19.8 per cent of steel/sponge iron production in India. Moreover, considerable reserves of bauxite, limestone and quartzite are available in the state. Chhattisgarh is the only state in India that produces tin concentrates. The state accounts for 35.4 per cent of tin ore reserves of India.
The natural resources, policy incentives and infrastructure in the state support investments in the iron and steel, cement and power sectors. Korba district in Chhattisgarh is known as the power capital of India. In the 12th Five-Year Plan, the Government plans to increase power generation capacity by 30,000 MW. The state accounts for 22.60 per cent of coal production and 19.80 per cent of steel/sponge iron production in India. Moreover, considerable reserves of bauxite, limestone and quartzite are available in the state.
Between 2004-05 and 2014-15, the Gross state domestic product (GSDP) of the state grew at a CAGR of 12.48 per cent to US$ 34.7 billion whereas the net state domestic product (NSDP) grew at a CAGR of 12.05 per cent to US$ 28.7 billion.
Chhattisgarh is making significant investments in industrial infrastructure. The Chhattisgarh State Industrial Development Corporation (CSIDC) has set up industrial growth centres, five industrial parks and three integrated infrastructure development centres (IIDC). The state has a notified special economic zone (SEZ) in Rajnandgaon District.
The following are some of the major initiatives taken by the government to promote Chhattisgarh as an investment destination:
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