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  1. Business
  2. Chhattisgarh Secures ₹8 Lakh Crore Investment Commitments for 280 Projects Under Industrial Development Policy 2024-30

Chhattisgarh Secures ₹8 Lakh Crore Investment Commitments for 280 Projects Under Industrial Development Policy 2024-30

Chhattisgarh has secured investment commitments totalling approximately ₹8 lakh crore for 280 projects since launching its Industrial Development Policy 2024-30 in November 2024. The projects are projected to create over 1.6 lakh jobs, with 55 per cent already at the grounding stage. Key investments include a ₹10,000 crore semiconductor unit by Polymatech Electronics and a ₹1,000 crore AI data centre park by RackBank. The state has implemented over 450 ease-of-doing-business reforms, streamlined land approvals, and introduced a single-window system covering 187 services. Chhattisgarh ranked first among 17 major states in the CRISIL-NITI Aayog Investment Friendliness Index 2026.

  • Business

Published on 2026-10-12 • 5 Minute read

Chhattisgarh Secures ₹8 Lakh Crore Investment Commitments for 280 Projects Under Industrial Development Policy 2024-30
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An AI-generated image: New industrial infrastructure taking shape in Chhattisgarh as the state pursues investment across electronics, pharmaceuticals, and technology sectors under its Industrial Development Policy 2024-30.
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Pledges totalling roughly ₹8 lakh crore across 280 projects have been directed toward Chhattisgarh following the rollout of the Industrial Development Policy 2024–30 in November 2024, according to senior state government officials. Over 160,000 positions are forecast to come from the ventures.

Roughly half of all the projects — just over the 55 per cent mark — have moved into the grounding phase, according to officials. The figures reflect pledges toward future spending, with no funds yet disbursed. Turning approved plans into active construction sites, running production lines, and real jobs will determine whether those commitments are fulfilled.

Mining, steel, power generation, and related mineral-based sectors have long formed the backbone of Chhattisgarh's industrial output. Roughly half of the 280 ventures fall within industries — among them electronics, pharmaceuticals, textiles, food processing, and information technology — where the region had previously seen little manufacturing or commercial activity, according to senior officials.

A freshly adopted industrial policy is directing the state's efforts to attract investment across sectors where economic diversification remains a priority.

A ₹10,000 crore semiconductor facility is being developed by Polymatech Electronics within the state. Land allotment for the company came through within 45 days of the process being set in motion, according to officials.

A ₹1,000 crore outlay underpins RackBank's planned AI data centre park, to be developed at Nava Raipur. When fully built, the site is expected to accommodate a fleet of 100,000 GPU units. Plans are under way to build a backup data centre campus within the state.

Among the ventures noted by officials were the state's pioneering facilities in garment production, consumer electronics assembly, chocolate-based food processing, intraocular lens fabrication, and business process outsourcing tied to global clients.

Over 450 regulatory adjustments aimed at streamlining business operations have been rolled out by the administration as part of the Industrial Development Policy covering the 2024–30 period. Among the reforms introduced is the Ease of Doing Business Act, which ties the approval process for an enterprise to its assessed risk level. Units assessed as posing lower or moderate risk are eligible to receive approvals that carry no expiry date.

Under a framework spanning 43 services and eight departments, any application left unaddressed by the relevant government body within the prescribed timeframe is treated as having received approval. Two versions of the Jan Vishwas Act have been rolled out by the state, together removing criminal penalties from 279 petty violations.

Property approvals for land use formed one element of the broader reform package. Following property registration, the title transfer process takes place without any manual steps required. Figures provided by senior officials put the number of records that underwent mutation at roughly 250,000 over a six-month span.

Owners of farmland seeking to repurpose their plots for industrial activity can complete the required fee payment through an online portal. Across a six-month window, roughly 8,948 land diversion cases were processed and closed on an intimation footing, according to officials.

Applications for industrial land allocation have shifted to a digital platform. Roughly 1,548 acres were distributed through an automated process, with no human decision-making involved.

Spanning 25 departments, the OneClick Single Window System has expanded its catalogue to cover roughly 187 distinct services. At the platform's core lies a unified approval pathway, replacing the fragmented process that previously required investors to seek sign-offs from separate departments. Payment of incentives is being processed within a 28-day window, according to those in senior positions.

Deemed-approval rules have been added for a set of services, taking effect automatically when responsible officials let the prescribed response window lapse without acting. Trading hours for retailers, workplaces, and food establishments were lifted to cover any hour of the day or night. Across all shifts, female employees are permitted to take up positions provided that appropriate protective measures are in place.

According to official statements, the policy package is designed to reduce operational barriers for businesses across manufacturing, services, and related sectors.

Efforts to draw private investment into Bastar and neighbouring tribal districts — areas where commercial industrial activity has historically been sparse — form part of the administration's broader economic outreach. Incentive applications from the Bastar, Sukma, Kondagaon, and Dantewada areas have doubled — rising by 102 per cent — according to figures provided by government officials. Road and service extensions into those districts are running alongside a broader push to bring utilities and digital connections to more residents.

Totalling ₹8 lakh crore, the investment commitments attributed to the state since its revised industrial policy took effect reflect the breadth of private-sector interest the government says it has attracted. The figure of ₹8 lakh crore has not yet physically arrived in Chhattisgarh's economy. From the moment a financial pledge is made, the path to secured land, erected structures, installed equipment, and a running production line can stretch across multiple years.

According to the government, more than half of all projects — 55 per cent — have advanced past the initial commitment phase and entered the grounding stage, where physical or procedural work is now under way.

Out of 17 large states assessed under the CRISIL–NITI Aayog Investment Friendliness Index 2026, Chhattisgarh claimed the top position across both the Regulatory Ease and Institutional Environment categories. Four business categories within the Department for Promotion of Industry and Internal Trade's Business Reforms Action Plan ranking placed the state among Top Achievers.

Figures drawn from the rankings and investment commitments led top officials to conclude that adjustments to state policy are strengthening its ability to attract new industries. Whether those 280 projects move from signed agreements into functioning facilities with actual jobs attached will indicate how much of the announced plan translates into reality, according to officials tracking the initiative.

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