Chhattisgarh is located in central India. It is among the richest Indian states in terms of mineral wealth, with 28 varieties of major minerals, including diamonds. Chhattisgarh is ranked fifth in terms of value of major mineral production in India. The coal production of the state in 2016-17 was 139.72 million tonnes. The total mineral production in the state during 2016-17 was worth US$ 3.53billion. Moreover, considerable reserves of bauxite, limestone and quartzite are available in the state. Chhattisgarh is the only state in India that produces tin concentrates. The state accounts for 35.4 per cent of tin ore reserves of India. Tin concentrate production in the state stood at 12.12 million tonnes in 2016-17.
The natural resources, policy incentives and infrastructure in the state support investments in the iron and steel, cement and power sectors. Korba district in Chhattisgarh is known as the power capital of India. Coal production & iron ore production in the state accounted for about 21.15 per cent and 16 per cent of the overall coal & iron ore production in India, respectively, during 2016-17. As of September 2017, the state ranked 3rd in terms of value of major mineral production in India. Moreover, considerable reserves of bauxite, limestone and quartzite are available in the state.
Between FY12-17, the Gross state domestic product (GSDP) of the state grew at a CAGR of 12.91 per cent to US$ 45 billion whereas the net state domestic product (NSDP) grew at a CAGR of 12.5 per cent to US$ 39.79 billion.
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:
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