Latest update: December, 2019
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 ranked 4th in terms of value of mineral production (excluding atomic, fuel and minor minerals) in India, with a 15.66 per cent share in 2017-18.
At current prices, gross state domestic product (GSDP) of Chhattisgarh stood at Rs 3.64 trillion (US$ 52.07 billion) in 2019-20. GSDP (in Rs) of the state at current prices grew at a CAGR of 10.98 per cent between 2011-12 and 2019-20.
Total mineral production in the state during 2018-19 was Rs 9,575 crore (US$ 1.37 billion). 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 accounted for 35.4 per cent of tin ore reserves of India. During 2017-18, tin concentrate production in the state stood at 16,758 kgs. Chhattisgarh's combined exports of aluminium & products, iron ore, iron & steel products, and cement from Chhattisgarh reached US$ 931.63 million in FY18 and US$ 266.97 million between Apr-Dec 2018.
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. Moreover, considerable reserves of bauxite, limestone and quartzite are available in the state.
As of November 2019, Chhattisgarh had a total installed power generation capacity of 13,909.50 MW, comprising 9,376.80 MW under private utilities, 2,211.05 MW under state utilities and 2,321.65 MW under central utilities. Energy requirement in the state was 18,863 million units between Apr-Oct 2019.
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. As of November 2019, the state had two formally approved SEZs.
Total merchandise exports from Chhattisgarh were US$ 1,243.43 million in FY19 and US$ 635.58 million between Apr–Sept 2019.
The following are some of the major initiatives taken by the government to promote Chhattisgarh as an investment destination:
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