To promote investment and job creation, the Chhattisgarh government has authorized changes to its Industrial Development Policy 2024–2030.
The policy has been modified by the state Cabinet, which is headed by Chief Minister Vishnu Deo Sai, with the intention of making it more comprehensive, employment-oriented, and advantageous for businesses. The policy will be reviewed frequently and allow for flexible modifications until March 31, 2030.
The amendment emphasizes how agriculture, toys, textiles, tourism, and logistics have improved. It incorporates automation and IoT technologies and supports innovative farming practices. Government grants will be available to state businesses that employ residents.
In an effort to increase tourism and jobs, the minimum investment barrier for hotels and resorts in Bastar and Surguja has been lowered. A $200 incentive for new investments will be given to the textile industry. To establish itself as a logistics hub, the state intends to create a logistics policy.
Recently, the government of Maharashtra signed a Memorandum of Understanding (MoU) with the subsidiaries of Blackstone Group, XSIIO Logistics Parks and Horizon Industrial Parks. The agreement will be seen to trigger Rs 5,127 crore FDI and generate 27,510 new jobs, promoting industrial and logistics in the state.
The MoU took form at the Sahyadri Guest House between Industries Secretary Dr. P Anbalagan and R K Narayanan, president of Horizon Industrial Parks. The partnership will connect the dots in scaling-up the new age i.e. modern industrial and logistics parks throughout the critical industrial hubs of Maharashtra in synergy with the Maharashtra Logistics Policy 2024.
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