October 10 , 2013
Latest update: August, 2013
Last Updated: August, 2013
CHHATTISGARH State Report | August, 2013
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. Chhattisgarh accounts for about 17.0 per cent of the nation’s coal reserves. During 2011-12, Chhattisgarh ranked second in terms of value of minerals produced in India, with a 9.15 per cent share. During the same period, the state's mineral production increased by 36.2 per cent, the highest among all states in India.
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.