Latest update: November, 2016
Last Updated: November, 2016
CHHATTISGARH State Report | November, 2016
Chhattisgarh is located in Central India. The state shares its border with Madhya Pradesh and Maharashtra in the west, Uttar Pradesh in the north, Odisha and Jharkhand in the east and Andhra Pradesh in the south.
Chhattisgarh is presently one of the few states that have surplus power. Korba district in Chhattisgarh is known as the power capital of India. It is also among the few profitable states in terms of utility-based electricity. By the end of 2016-17, Chhattisgarh has planned to achieve installed power generation capacity of 30,000 MW. The gross state domestic product (GSDP) of Chhattisgarh is expected to reach US$ 47.75 billion in FY 2018 from US$ 36.6 billion in FY 2015. The GSDP of the state grew at a compound annual growth rate (CAGR) of 11.83 per cent between 2004-05 and 2015-16.
Mineral resources are Chhattisgarh's biggest strength. Chhattisgarh is a leading producer of minerals such as coal, iron ore and dolomite, accounting for about 22.6 per cent, 19.8 per cent and 36.5 per cent of India's production, respectively. Moreover, considerable reserves of bauxite, limestone and quartzite are available in the state. Chhattisgarh is the only state in India that produced tin concentrates. The state accounts for 35.4 per cent of tin ore reserves of India.
Chhattisgarh has emerged as one of the most preferred investment destinations in India. The state has been acclaimed as “one of the best fiscally managed states” by the Reserve Bank of India (RBI). The state attracted cumulative FDI worth US$ 1.29 billion from April 2000-March 2016.
A wide range of fiscal and policy incentives for businesses have been announced under its Industrial Policy, 2014-19. Additionally, the state has well-drafted policies for the IT/ITeS, solar energy, agro and food processing, minerals and biotechnology sectors. Chhattisgarh stands fourth among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Last Updated: July 11, 2016