Six major companies from Gujarat, including Torrent Power, Torrent Pharmaceuticals and Shalby Hospitals, have signed agreements to invest a combined thirty three thousand three hundred twenty crore rupees in Chhattisgarh. The projects are expected to generate more than fifteen thousand jobs in a region that has dealt with naxalism for many years.
At an investors summit organised by the Chhattisgarh government in Gujarat, Torrent Power emerged as the largest investor. The company committed to invest twenty two thousand nine hundred crore rupees and create five thousand jobs. It plans to set up a one thousand six hundred megawatt thermal power plant in the state. Torrent Pharmaceuticals announced an investment of two hundred crore rupees for a pharmaceutical manufacturing facility.
Onix three Enersol from Rajkot became the second highest investor, promising nine thousand crore rupees and employment for four thousand people through an electrolyser, green hydrogen, green ammonia and green steel manufacturing plant.
Shalby Hospitals will invest three hundred crore rupees to set up a multispeciality hospital. Other companies include the Mala Group from Surat, which will invest seven hundred crore rupees for a two gigawatt solar cell facility creating five hundred fifty jobs. Sapphire Semicon from Ahmedabad committed one hundred twenty crore rupees for a semiconductor and digitalisation unit that will employ four thousand people. Lyceon Life Sciences has pledged one hundred crore rupees.
Speaking at the summit, Chhattisgarh Chief Minister Vishnu Deo Sai said, “The image about Chhattisgarh being naxal infested is not true anymore.” He said the state has worked on a strategy to counter naxalism and expects such activities to end before 2026. He encouraged investors to explore opportunities in the state, highlighting the availability of natural resources, electricity, roads, water and manpower.
The Chief Minister said that under the new industries policy, Chhattisgarh has attracted seven point five lakh crore rupees in investments, including three point five lakh crore rupees in the energy sector. Promised investments cover areas such as steel, lithium mining, electronics, semiconductors, iron ore, textiles, hotels and hospitals. He noted that investment promotion efforts have been conducted in Delhi, Mumbai and Bengaluru and internationally in Japan and South Korea.
Subodh Kumar Singh, Principal Secretary to the Chief Minister, said that coal production, currently at two hundred five million tonnes, is targeted to reach four hundred thirty seven million tonnes in five years. Iron ore output is planned to rise from forty four million tonnes to one hundred million tonnes by 2029 to 2030. He also said that Chhattisgarh is operationalising gold and lithium mines and is the first state to auction a lithium mine. Work has already started on projects worth four lakh crore rupees from the total investment announcements.
During the Ahmedabad event, Jade Blue Lifestyle founder Jitendra Chauhan met the Chief Minister and discussed plans for a textile and garment park. The Chief Minister said that a ninety acre textile park and a thirty acre garment park are being developed in Nava Raipur. Nirma Group chairman Karsanbhai Patel also met him.
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