Investment of Rs 140 crore for setting up ethanol production unit in Chhattisgarh
Team News Riveting
New Delhi, November 22
The Chhattisgarh government today signed two Memoranda of Understandings(MoUs) at the Chhattisgarh Business Summit 2022 at India International Trade Fair-2022 in Pragati Maidan here.
The MoUs were signed for setting up ethanol production plant and drone and UAV manufacturing unit.
Business delegates and entrepreneurs from across the country participated in the summit organized for Business, entrepreneurs and exporters from electronics, minor forest produce and handicrafts and handloom.
A MoU was signed between the state government and Rajesh Gautam of NKJ Biofuel, Durg for setting up ethanol production plant in cooperative sector with an investment of Rs 140 crore, while another MoU was inked with Manish Bajpai of Daybest Research Private Ltd for setting up 4500 drone and UAV manufacturing units at the investment of Rs 5 crore.
In the Business Summit, Chhattisgarh Labor Minister Shiv Dharaiya encouraged entrepreneurs to invest in the state while giving information about industrial possibilities in Chhattisgarh. He said that Chhattisgarh is a progressive state full of possibilities. He maintained that under the new industrial policy of the state government, many types of concessions and facilities are being given to the entrepreneurs. He urged the entrepreneurs and investors to visit Chhattisgarh and take advantage of the facilities by contributing in the progress and development of the state.
Addressing the summit, Chhattisgarh Commerce and Industries Special Secretary Him Shikhar Gupta informed in detail the investment and business possibilities in the state. He informed the delegates that the state government has provisioned special packages and concessions to prioritize agriculture and forest based industries as well as to create a better environment for investment. Besides, the rules for establishment and operation of industries have also been simplified.
He added that Chhattisgarh government has come up with various exemptions, incentives and benefits to the manufacturers interested in setting up a unit in the state. He elaborated that the state government provides special startup packages, incubators for agriculture and service sector and single window system clearance.
Gupta said that Chhattisgarh has all the resources required for setting up manufacturing units. There is ample power in Chhattisgarh, availability of skilled workers, land bank, low power tariff, and SEZ policy is also available in the new industrial policy 2019-24 that focuses on both core and non-core sectors.
During the summit, various presentations were given on exploring business opportunities in Chhattisgarh in Minor forest produce, handicrafts and handloom and tourism. Managing Director Minor Forest Produce S S Bajaj and Director Rural Industries P Arun Prasad explained how the state offers a conducive business environment for investors and invited them to explore business opportunities by investing in the state. Ismail Ersahin of World Association of Investment Promotion Agencies also gave a presentation at the summit.