Investment Incentives, Ease of Doing Business, and Sector-Specific Support as Core Pillars of the Policy
The Chhattisgarh Industrial Development Policy 2024–30 is a comprehensive and forward-looking framework aimed at accelerating inclusive industrial growth across the state while aligning with the long-term vision “Amrit Kaal: Chhattisgarh Vision @ 2047.” The policy is effective from 1 November 2024 to 31 March 2030 and seeks to transform Chhattisgarh into a competitive, employment-generating, and investment-friendly industrial destination.
Vision and Strategic Direction
The policy emphasizes balanced regional development, value addition to local resources, and decentralised industrialisation across all development blocks. Special focus is placed on industrially backward and tribal regions to ensure equitable economic participation and livelihood creation.
Key Objectives
- Promote MSMEs, startups, and large enterprises across manufacturing and service sectors
- Encourage local employment, with mandatory domicile-based hiring norms
- Strengthen the ease of doing business through a robust single-window digital system
- Enable technology-led industries such as AI, IT, robotics, electronics, defence, and renewable energy
- Support SC/ST entrepreneurs, women, third gender, persons with disabilities, ex-servicemen, and Naxal-affected individuals through targeted incentive packages.
Sectoral Focus
The policy identifies Thrust Sectors including pharmaceuticals, agriculture and food processing, textiles, engineering, forest produce-based industries, defence and aerospace, IT/ITES, Global Capability Centres (GCCs), circular economy products, and green technologies. These sectors receive enhanced incentives to attract anchor investors and promote downstream value chains within the state.
Incentives and Support Mechanisms
Eligible enterprises can access a wide range of industrial investment incentives, including:
- Net SGST reimbursement or fixed capital subsidies
- Interest subsidies on term loans
- Electricity duty and stamp duty exemptions
- Land premium and land conversion fee concessions
- Employment, training, and skill development subsidies
- Special packages for MSMEs, service enterprises, GCCs, startups, and social enterprises
Incentives are linked to investment size, sector, and development block classification, ensuring targeted and outcome-oriented support.
Infrastructure and Governance
The policy provides for the expansion of industrial parks, land banks, logistics hubs, cold storage facilities, and industrial corridors, supported by CSIDC and PPP models. A strong institutional mechanism, including the State Investment Promotion Board and high-level review committees, ensures time-bound approvals, transparency, and continuous monitoring.
Relevance for Ambedkar Chamber
For the Ambedkar Chamber, the policy holds strategic importance as it explicitly promotes entrepreneurship among Scheduled Castes and Scheduled Tribes, offering higher subsidies, extended exemptions, and dedicated incentive packages. It creates a strong policy foundation for business empowerment, affirmative action, inclusive industrial ownership, and sustainable economic participation of historically marginalised communities.
