Last Updated: November 09, 2015
Latest update: January, 2016
Last Updated: January, 2016
CHHATTISGARH State Report | November, 2015
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. The gross state domestic product (GSDP) of Chhattisgarh is expected to reach US$ 47.75 billion in FY 18 from US$ 34.7 billion in FY 15.
Mineral resources are Chhattisgarh's biggest strength. Chhattisgarh is a leading producer of minerals such as coal, iron ore and dolomite, accounting for about 22.57 per cent, 22.8 per cent and 37.48 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.
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.