With finest fiscal mgmt, C’garh is best for capital investment: CM

Chhattisgarh is the best State of country for capital investment in industries. State holds top-most rank in the country in terms of investment in social sector. The State is progressing ahead at an accelerated pace with its resource optimisation and better financial management for development”, said Chief Minister Raman Singh.

He was addressing “Think Progress, Think Chhattisgarh” session organised for dialogue with industrialists, after inaugural session of newly-built 'Convention Centre'. Singh further said that it is an excellent opportunity to get associated with the bright future of commerce and industry of State. State Govt is making every possible effort to encourage participation of industries in development of the State. Pollution-free industries such as IT, electronics, food processing and solar energy are on the priority list of State for promotion.

“Chhattisgarh is home to 2  per cent population of the country, while its contribution in core sector industries such as Steel, Cement, Power, and Aluminium is nearly 20 per cent. It is blessed with natural resources, and it also offers skilled manpower, along with political stability, better road, rail and air-connectivity, quality power supply and State’s industry-friendly policies,” said Chief Minister

Singh said that in last 18 years, GDP of State has increased from Rs 30,000 crore to Rs 2.90 lakh crore. In this duration, State Government's budget has increased from Rs 9000 crore to Rs 92,000 crore. Chhattisgarh will soon join the club of State's with budget of Rs 1 lakh crore.

In the same duration, per capita income of the State has increased from Rs 10,000 to Rs 92,000. State has maintained the status of revenue surplus for last 13 years. Reserve Bank of India has lauded Chhattisgarh for its better financial management. State has the lowest debt in the country. The CM mentioned that State Govt has arranged additional resources worth Rs 600 crore through public-private partnership model (PPP-model). Railway Network worth Rs 13000 crore is being established in state on PPP model.

Commerce and Industry Minister Amar Agarwal said that industrial progress and economic growth are the top priorities of State Govt. Chhattisgarh is a live example of peaceful environment for industries. MoUs worth Rs 3 lakh crore have been signed for establishing industries in the State, out of which production in 30-32 per cent industries have already started. Chief Secretary Ajay Singh said that State Government has industry-friendly IT policy, industrial police and logistics policy.

India's Consulate in Shanghai Anil Kumar Rai, CII Chhattisgarh Chapter Chairman Pankaj Sarda, Ravin Group Chairman cum Managing Director Vijay Karya, Co-Founder of Fret Bazar Ganesh Revanvar. Chief Editor of Times Group Mihir Bhatt gave welcome speech. Chairman of Sarda Group Kamal Sarda, Hira Group Bajrang Lal Agrawal, Director Commerce and Industry Alermelmangai D and many industrialists were also present.