Overview of Chattisgarh Investment and Business Opportunities
Chattisgarh was carved out of the state of Madhya pradesh and is the ninth largest state of India.The surrounding states are Jharkhand in the south and Orrisa in the East. Madhya pradesh and Maharashtra in the west. Uttarpradesh and western Jharkhand in the north and andhrapradesh in the south.Mahanadi is the principle river of the state. The great vidhyachal mountain range dominates its landscape. The states rich cultural heritage includes ancient monuments, carved temples, Buddhist sites, palaces, caves and rock paintings.
The state has various natural resources like forests, rare wildlife, surface water and waterfalls.Its the richest state in terms of mineral resources, with an abundance of all major minerals including diamonds.The state Bailadila mines have one of the best quality iron ore deposits in the world. Also, rich deposits of bauxite, limestone, dolomite and corundum are found in the state. In addition the sufficient coal deposits makes it a mineral rich.
The state government has undertaken various initiatives to curtail unproductive admistrative overheads and encourage public private partnerships.The government has been focusing on the critical areas of law, education, health, environment, social safety and fiscal reforms, e-governance and aims to privatize in these areas.
Realizing that its large human resource base is the key to Chattisgarh's prosperity, the state has been making significant efforts to tap the creative energies of its citizens.
Power
Chattisgarh's central location is advantageous in transferring power supply to all parts of India and the state is on its way to becoming the power hub of India. News reports suggest a continuous inflow of power industries relocating to chattisgarh. There are huge coal reserves in the account, offering cheap power generation opportunities and there is enough water from the state's largest reservoir of Hasedeo Bango. Chattisgarh is in the western grid and is linked to the southern and northern grids, due to its surplus of power can be easily transmitted to any of the India's four grids. Among the states receiving power supply from chattisgarh are Delhi,Gujrat and Karnataka.
The government is initiating investor-friendly policies to attract investors, such as welcoming investments in green field projects with the lowest cost of production in India. Private sectors are also permitted to install captive power plants for generation and transmission of power supplies directly within the estate without any restrictions.
Telecom
Chattisgarh is in the process of acquiring State Wireless Area Network [SWAN], which is a combination of wireless and line network. The number of telephone connections in the state is more one crore and twenty lakhs and the number of telephone exchanges is 608.
Mineral resources
Chattisgarh is the richest state in terms of mineral wealth. It hosts a wide variety of minerals found in igneous, sedimentary and metamorphic terrains. The mineral resources have immense potential for large investment in mining, setting up of mineral based industries and generating employment in the state. The large deposits of coal, iron ore, limestone, bauxite, dolomite and tin ore are located in several parts of the state.
Chattisgarh produces around 20 percent of the country's steel and cement and is the only tin-ore producing state in the country. It is nestling atop the world's largest Kimberlite area. Eight blocks have been demarcated for diamond exploration and analysts predict that Raipur district is likely to yield substantial quantity of diamonds in the future. Apart from diamonds, four blocks of gold exploration and five block for base metal investigation have been demarcated. The state is also encouraging the establishment of a gems and jewelery park.
Information Technology
The state of Chattisgarh has prepared its IT Policy with a vision of establishing an information society consisting of informed, active and responsible citizens. It seeks to provide all citizens widespread and easy access to government services in the local language effectively addressing the existing digital divide and promoting entrepreneurs within the state. In addition, the Chattisgarh Infotech and Biotech Promotion Society have been set up to give impetus to IT growth of the state. The society ensures top-of-the-board institutionalized coordination and implementation of the states plans for enabling benefits of IT for the entire state.
Mining
Mining has evolved as an emerging sector adding remarkable state revenue. Chattisgarh has rich mineral resource and it is a major resource base for mineral related industries. The state holds a major share of coal deposits in India. Chattisgarh has the largest reserve of tin in the country and possess the best quality iron ores. Over one fifth of the iron ore in India is found in the state. Limestone is also abundant in the state. Other prominent ore reserves include coal, dolomite, quartzite, bauxite, rare, alkali and base metals including nickel, chromium and platinum group elements, gold and diamonds.
Having large deposits for such valuable resources at proximity, Chattisgarh is an ideal location for low cost power, steel and cement production.
Aluminum
Chattisgarh is looking to develop an aluminum park at Bhanpuri, near Raipur for the promotion of downstream products. Those that are looking into investing in downstream industries will be given priority in the approval of Prospecting License and Mining Lease.The aluminum park will be home to more than 100 industrial units manufacturing various aluminum and metal products. The products manufactured are required by different industries, such as civil aviation, automobile and construction.
Exprots
Chattisgarh has a large focus on the export industry. The city of Bhilai accounts for 75 percent of state exports, while other export cities include Urla, Bhanpuri and Sirgitti. Important exportable products of the state include: steel, handicrafts, hand looms , blended yarn, food and agriculture products , iron, aluminum, cement, minerals and engineering products.
Infrastructure
The government of chattisgarh has identified the importance of adequate and efficient infrastructure in order to facilitate socioeconomic development of the state. The state also offers significant opportunities for infrastructure development through private sector participation.
Roadways
Chattisgarh is well connected by road networks. There are three national highways passing through the state of 2184 kilometers along with many state highways and district roads connecting all district headquarters of the state.
Business Opportunities
Within three years of its formation, Chattisgarh embarked on social and economic development through policy reforms, with a focus on infrastructure development and improving the investment climate in the state.The state has rich natural resources and has large untapped potential for development. In addition to the present areas of business like Cement, mining, iron and steel there are number of sectors have substantial potential for private investement. The most important among these are electricity generation and infra development.
Agriculture
Agriculture and related activities account for 80 percent of the workforce in the state. OUt of the geographical area of 13789 thousand hectares, gross cropped area is 43%. The predoninant crop of the state is rice and as a result the state is known as "Rice bowl" of madhya pradesh. Other major crops are paddy, wheat, maize, soybeans, sunflowers and groundnuts.
Aviation
The state has two domestic airports at Raipur and Bilaspur. Only raipur airport is in service. The state also has air strips in Bhilai, Korba, Raigarh, Jagdalpur, Ambikapur, Jashpur Nagar and Sarangarh.
Railways
Railways are a dominant factor in the industrialization of the state. The total length of railroads in Chattisgarh is 1108 Kilometers.Raipur, Bilaspur, Durg, Rajnandgaon, Raigarh and Kora are important railway stations.A new railway zone "South East Central Railway" began operating to service the heavy traffic in mining and metal industry with its headquarters located in Bilasper district.
The railway division of Bilasper district became India's most lucrative railway accounting for 17 percent of entire Indian railway revenue.
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