Last Updated: May 08, 2014
Latest update: April, 2014
Last Updated: April, 2014
CHHATTISGARH State Report | March, 2014
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. It is also among the few profitable states in terms of utility-based electricity. Presence of coal makes Chhattisgarh an ideal location for setting up pit-head-based thermal power plants for both merchant sales and state consumption.
Mineral resources are Chhattisgarh’s biggest strength. It has deposits of limestone, iron ore, copper, bauxite, dolomite and coal. It accounts for about 17 per cent of the nation’s coal reserves. The state also accounts for 30 per cent of aluminium production and 27 per cent of steel/sponge iron production in India. Moreover, considerable reserves of bauxite, limestone and quartzite are available in the state.
Chhattisgarh has emerged as one of the most preferred investment destinations in the country. The state has been acclaimed as “one of the best fiscally managed states” by the Reserve Bank of India (RBI). The gross state domestic product (GSDP) of Chhattisgarh is expected to reach US$ 46.8 billion in FY 17 from US$ 21.1 billion in FY 09.
A wide range of fiscal and policy incentives for businesses have been announced under its Industrial Policy, 2009–14. Additionally, the state has well-drafted policies for the IT/ITeS, minerals and energy sectors.