Chhattisgarh claims ₹8 lakh crore in investment pledges under new industrial policy

Chhattisgarh’s government reports that the Industrial Development Policy 2024-30 has generated investment commitments of about ₹8 lakh crore for 280 projects, which are projected to generate more than 1.6 lakh jobs. Approximately 55 % of these projects have moved beyond initial pledges to the grounding phase, indicating early progress. The portfolio now includes a ₹10,000 crore semiconductor facility by Polymatech Electronics, a ₹1,000 crore AI data-centre park by RackBank in Nava Raipur, and the state’s first ventures in garment manufacturing, consumer electronics, chocolate processing, intra-ocular lens production and global BPO services.

To attract such capital, the state has implemented over 450 regulatory reforms, introduced the Ease of Doing Business Act with risk-based lifetime approvals, and digitised land conversion and allotment processes. The OneClick Single Window System now offers around 187 services across 25 departments, with deemed-approval provisions to speed up clearances. Incentive applications from tribal districts like Bastar, Sukma, Kondagaon and Dantewada have risen by 102 % as infrastructure improves. While the commitments are sizable, the real test will be converting them into operational facilities and the promised employment.