Mumbai: After sound investment commitment in core industries like steel and power, the Chhattisgarh government is now seeking investment in downstream industries. (Agencies)
"We have seen sound investment in the core industries like steel and cement and now seek investment in downstream industries like auto and engineering, IT, bio-technology, pharmaceuticals, urban infrastructure, new and renewable energy, minor forest produce among others," Chhattisgarh Chief
Minister Raman Singh told reporters.
Singh was in the city as a part of the roadshow for its upcoming global investors meet scheduled on November 2-3.
Around 75 per cent of the total MoUs signed with companies had fructified and started the project work in the state, the Chief Minister said.
Talking about strengths of the state, Singh said: "Our state has surplus power as of now and we plan to add around 30,000 MW of power in the 12th Plan. Also, with the setting up of core industries, downstream industries will find it easy to start operation in the state."
He also said despite the naxal issues, law and order situation is stable in the state.
"NMDC is setting up a steel plant in Bastar, which is one of the affected areas, and is likely to be operational in 2013. So, law and order situation is not a concern for industries to set up unit in the state," Singh said.
Singh, who met industry leaders from Birla, Hiranandani, Tata Steel and RPG group on Thursday, also said that he is hopeful of sound investment flow to the state in downstream industries.
Mumbai: After sound investment commitment in core industries like steel and power, the Chhattisgarh government is now seeking investment in downstream industries.