New Delhi: Citing quality resources including coal, Chhattisgarh Chief Minister Raman Singh on Tuesday offered sops and cited ample opportunities in the state to attract investments from within and outside the country.

Boasting his government's investors-friendly policies, he said Chhattisgarh would be among the top three developing states of the country in a few years.

Addressing a road show for inviting entrepreneurs to attend a Global Investors Meet in November this year, he said the has 28 types of minerals. "It has 19 percent of the country's coal stock and 16 percent of the iron ore," he said.

Singh said more and more state and central Public Sector Undertakings (PSUs) along with private investors have been establishing power stations in the state because of the facility of setting up a power station on pit-head (thermal plant at the coal mine itself).

The chief minister said the state's industrial policy is suitable for capital investment. He also mentioned that those investing in the state would be given attractive subsidies and provided single window clearance for their investment.

Singh said the state has constituted an investment promotion board for attracting more investments.

He informed that Chhattisgarh has 12 integrated infrastructure development centres and five industrial parks for industrial development. "Eight industrial areas, three vast industrial areas and three special economic zones have been proposed," he said.

Singh said an engineering park spread over 120 acres will soon come up in Bhilai, an important industrial town in the state. Around 150 units of engineering equipment, machine tools and auto components could be set up at this park.

He said power and aluminium sectors could be developed in Korba, another industrial district in the state.

The state has ample scope of investment in the field of agriculture as well, he said.

Noting that Chhattisgarh was the first to make a forest policy, he said, "Herbs and medicinal plants have the market of 11 billion dollars (about Rs 59,000 crore) and Chhattisgarh could benefit from its 1,500 medicinal plants."

Singh said the proposed Naya Raipur (New Raipur) spread over 8,000 hectare will be the fourth planned capital city of the country and the most modern city of the 21st century.

"Chhattisgarh has scripted history in economic and social sectors by attaining sustainable growth and development at a time when the world has been struggling to cope up with financial crisis.

"Correct policies, programmes, schemes and positive approach of the state government has helped Chhattisgarh make its mark at the national and international levels," he said.

He the country has a target of setting up power houses to generate 90,000 MW, out of which 30,000 MW will be set up in Chhattisgarh.

Noting that the state has maintained a double digit GDP growth rate for the last eight years, the Chief Minister said the state attained the highest growth rate in the country in 2009-10, which was 11.49 percent and increased it to 11.57 percent in 2010-11.

Singh said Chhattisgarh has been seeking investment in the field of auto and engineering IT, bio-technology, pharmaceutical, urban infrastructure, new and renewable energy, minor forest produce, agro and food processing, handicraft and tourism.

He assured the investors that the state has ample opportunities and quality resources in these sectors.


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