Highlighting the features of the state’s new Industrial Policy 2024-30, the CM stated that to make the policy a preferred choice for investors, they have adopted the motto “Minimum Governance, Maximum Incentives.” Under this approach, the process for obtaining ‘No Objection Certificates’ (NOCs) has been streamlined, and clearances are now processed through a single-window system, offering significant relief to investors.To boost investment and employment opportunities, industries with investments of Rs 1,000 crore or those employing 1,000 people are eligible for the Bespoke Policy. This policy includes provisions for permanent capital investment ranging from 30 percent to 50 percent, with amounts between Rs 200 crore and Rs 450 crore.Additionally, attractive incentives have been introduced for net State GST reimbursement, employment and EPF reimbursement, as well as reimbursement for training expenses for a period of 5 to 12 years.The state has introduced attractive provisions for investments in emerging industries such as Artificial Intelligence, Robotics, Computing, and Green Hydrogen.The new capital city, ‘Nava Raipur,’ being a modern, well-equipped, and planned Greenfield city, offers abundant opportunities for the growth of the IT industry.Special concessions have been provided in sectors such as electronics, pharmaceuticals, textiles, food, and agro-processing.
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