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Chhattisgarh: August 2012

August, 2012

Chhattisgarh is located in Central India. The state shares 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 renowned for its heritage tourism.

Chhattisgarh also has surplus power and is among the profitable states in terms of utility-based electricity. Korba in Chhattisgarh is termed as the "Power Capital" of India with National Thermal Power Corporation’s (NTPC) super thermal power plant working at 90 per cent Plant Load Factor (PLF).

Mineral resources are Chhattisgarh's biggest strength. It has deposits of limestone, iron-ore, copper, rock phosphate, manganese, bauxite, coal, asbestos and mica. Chhattisgarh accounts for about 16 per cent of the nation’s coal reserves. Presence of coal makes Chhattisgarh an ideal location for setting up pit head-based thermal power plants for both, merchant sales and state consumption. The state also has proven diamond reserves along with potential gold reserves.

The per capita GSDP of the state increased at a compound annual growth rate (CAGR) of 12.7 per cent between 2004-05 and 2011-12.

The major exports products include steel, handicrafts, handlooms, blended yarn, food and agri-products, iron, aluminium, cement, minerals and engineering products. The State has received cumulative foreign direct investment (FDI) inflows worth US$ 768 million (including investments in Madhya Pradesh) during April 2000 to January 2012, according to Department of Industrial Policy & Promotion (DIPP).

The state offers a wide range of fiscal and policy incentives for businesses under its Industrial Policy, 2009-2014. Additionally, the state has well-drafted policies for the IT/ITeS, minerals and energy sectors.

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