Synopsis
Chhattisgarh's Minister Dewangan underscores the state's vital role in hitting Prime Minister Modi's steel production target of 300 million tonnes by 2030 during the 'India Steel 2025' conference, promoting investment opportunities and showcasing the state’s iron ore reserves and industrial policy.Key Takeaways
- Chhattisgarh's industrial policy aids steel production.
- State holds 18% of India's iron ore reserves.
- New incentives for sponge iron and steel units.
- Investment summits have drawn significant proposals.
- Focus on MSMEs near Nagarnar Steel Plant.
Mumbai, April 24 (NationPress) Chhattisgarh Commerce and Industries Minister Lakhan Lal Dewangan stated on Thursday the crucial role of his state in fulfilling Prime Minister Narendra Modi's ambitious goal of achieving 300 million tonnes of steel production by 2030.
While attending the 'India Steel 2025' conference in Mumbai, Dewangan highlighted that the state has developed a new industrial policy that prioritizes key sectors, particularly steel.
The Minister reaffirmed the state government’s dedication to advancing the steel industry and encouraged industrialists to engage in the state's development.
Dewangan declared that Chhattisgarh is the Steel Capital of India and pointed out that the state possesses 18 percent of the nation's iron ore reserves.
He remarked, "The iron ore sourced from Bailadila mines is regarded as among the finest globally in terms of quality," emphasizing the state's leadership in adopting green technologies.
This conference is scheduled from April 24 to 26 at the Bombay Exhibition Centre (NESCO), Mumbai, co-hosted by the Ministry of Steel of India and the Federation of Indian Chambers of Commerce and Industry (FICCI).
Prime Minister Narendra Modi addressed the conference via video link, with Union Minister of State for Steel and Heavy Industries Bhupathi Raju Srinivasa Varma also present.
Discussing the features of the state's new industrial policy, the Chhattisgarh Minister noted: “This policy provides incentives and concessions of up to 15 percent for sponge iron and steel units. The steel sector is particularly benefitting from the single-window system, improved business conditions, and accelerated processes.”
To foster MSMEs near the Nagarnar Steel Plant in Bastar, a new industrial zone is being developed over 118 acres.
Dewangan shared that investment summits have been held in Delhi, Mumbai, Bengaluru, and Raipur, yielding investment proposals exceeding Rs 4.5 lakh crore.
The execution of these proposals is advancing swiftly, with the recent foundation-stone laying of a semiconductor plant as a significant milestone, he noted.
The Minister mentioned that under the new industrial policy, Chhattisgarh ranks among the top 10 states for attracting substantial investments.
The conference also featured senior officials from Chhattisgarh, including Chief Secretary Amitabh Jain, Principal Secretary to Chief Minister Subodh Singh, Secretary of the Industry Department Rajat Kumar, Director Prabhat Malik, and Managing Director of CSIDC Abhishek Agrawal.
Dewangan engaged directly with investors and industrialists in a roundtable meeting, discussing the investment potential in Chhattisgarh, including topics such as industrial clusters, logistical support, the single-window clearance system, favorable workforce, and policies.
