The natural resources, policy incentives and infrastructure in the state support investments in the iron and steel, cement and power sectors.
Chhattisgarh is among the richest Indian states in terms of mineral wealth, with 28 varieties of major minerals, including diamonds.
Chhattisgarh is making significant investments in industrial infrastructure. The Chhattisgarh State Industrial Development Corporation (CSIDC) has set up industrial growth centres, five industrial parks and three integrated infrastructure development centres (IIDC). The state has a notified special economic zone (SEZ) in Rajnandgaon District.
The following are some of the major initiatives taken by the government to promote Chhattisgarh as an investment destination:
- The government of Chhattisgarh plans to set up a food processing park in Rajnandgaon district on around 120 hectares of land.
- Around 121 memorandums of understanding (MoU) with proposed investment of US$ 31.9 billion were signed over 2001-12, including in core sectors such as steel, cement and power.
- The state government constructed a new medical college in Raigarh at a cost of US$ 17.6 million. The college is spread over 40 acres of land and would have 21 departments.
- The state government has signed a memorandum of understanding (MoU) with South Eastern Coalfields Ltd (SECL) and IRCON International Ltd for the construction of about 300 km of rail network in the state. The project would have two rail corridors - East Corridor and East-West Corridor.
- A bus rapid transport system (BRTS) has been planned for the city at a cost of approximately US$ 37.3 million. Work on the BRTS is expected to be completed by December 2014.