Chhattisgarh eyes Rs 1,000 cr investment in electronics, food parks

Electronic manufacturing cluster is coming up in Naya Raipur, food park is being set up in Dhamtari

chhattisgarh
Photo: PTI
R Krishna Das Raipur
Last Updated : Feb 27 2017 | 1:45 PM IST
Mineral-rich Chhattisgarh state is eyeing an investment of Rs 1,000 crore in the proposed food park and electronic manufacturing cluster. Both the sectors are likely to draw an investment of Rs 500 crore each, Governor Balram Das Tandon said in his customary speech on the first day of Chhattisgarh Vidhan Sabha’s budget session that started on Monday. The electronic manufacturing cluster is coming up in Naya Raipur while the food park is being set up in Dhamtari.

Tandon said the proposed plastic park in Rajnandgaon district was likely to attract an investment of Rs 300 crore. “It is a matter of great pride for the state that Prime Minister appreciated the initiatives taken by the state government in implementing the District Mineral Fund (DMF) policy,” he said. Governor read only two paragraphs of his speech that was tabled in the House.

Last year, the state government provided Rs 194 crore from the DMF to the panchayat and civic bodies for local area development as part of the policy it had designed, Governor said. Action plans with an estimated cost of Rs 2,400 crore had been designed for different mining affected districts, he said, adding that the DMF would be used in the execution of rail corridors in the state.

The state government was serious to achieve the target of increasing farmer’s income to two-fold by 2022. The number of farmers availing interest-free farm loan had crossed one million, he said. For the first time, over Rs 3,000 crore farm loan was disbursed that was a major achievement, he added.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story