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State Policy

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Vision & Mission

The State Government endeavours to work towards rapid economic growth with regional balance to bring about prosperity in the state. One of the priority areas of the government is to create a favourable investment environment for increasing industrial production and to create employment opportunities.

The New Industrial Policy (2004-09) proposes to add maximum value to state's abundant natural resources. The policy aims to provide necessary infrastructure for investment, reducing the cost of production for the investor and ensuring an investor friendly administration.

Industrial policy

  • To create additional employment opportunities by accelerating the process of industrialisation in the state

  • To create enabling environment for ensuring maximum value addition to the abundant, locally available mineral and forest based resources

  • To ensure balanced regional development by attracting industries in the economically backward areas of the state

  • To make industrial investments in the state competitive vis-a-vis other states in the country

  • To promote private sector participation for creation of industrial infrastructure in the state

  • To create an enabling environment for increasing industrial production, productivity and quality upgradation to face the challenge of competition emerging from economic liberalisation

Directed incentives will be provided for industrial investment in the State in the form of interest subsidy, infrastructure development / capital investment subsidy, exemption from electricity duty, exemption from stamp duty, exemption from entry tax, allotment of plots at concessional premium in industrial areas, reimbursement of project reports expenses, quality certification subsidy, technology patent subsidy, interest subsidy for technology upgradation etc.

Directed incentives provided in this policy will be available to new industrial projects and to those industrial units which expand their production capacity.

Public sector undertakings will be encouraged to form joint ventures, particularly in the area of mining, with the private companies making investment for value-addition within the State.

Private sector participation in infrastructure building will be encouraged, particularly in basic infrastructure like roads, power, water supply, housing; industrial infrastructure such as development of industrial areas and parks, cluster development; logistics infrastructure like air-cargo complex, inland container depot, warehousing, logistics hub; and social infrastructure like health, education, tourism.

An action plan will be prepared for promotion of export oriented units to be implemented by availing of the benefit of various export promotion schemes of the Government of India. Initiatives will be taken for creation of infrastructure necessary for promotion of exports. Assessment of state's export potential will be undertaken through a national level institute / agency.

To attract investment by non-resident Indians, arrangements will be made for inviting them individually, and in groups, and organising their meetings / dialogue with the local entrepreneurs.

Financial incentives will made available to industrial units to encourage technology up-gradation, patent registration and R&D. Additional financial incentives will be provided for investment by non-resident Indians and for foreign direct investment.

Monitoring of implementation of the Industrial Policy will be done by the State Industrial Investment Promotion Board and its high powered inter-departmental committee.

Human resource policy

An assessment will be made of the existing training facilities and the future requirement of skilled man power in the State and measures will be taken to meet the gap between the requirement and the actual availability. The State Government will provide incentives to increase the presently available specialties in the training institutions, both in the private and government sector.

Efforts will be made to involve the private sector and the owners of existing industrial units to set up new technical institutions. For this purpose, in addition to concessional land, other necessary assistance will also be provided.

Mineral policy

The State's Mineral policy aims at creating a conducive business environment to attract private investment in the sector. The initiatives taken under the policy include:

  • Simplification of mining laws and leases

  • Preference in sanction of leases for minor minerals

  • Implementation of Granite Conservation & Development Rules, 1999

  • Speedy addressal of infrastructure constraints for mining activity by Chhattisgarh Infrastructure Development Corporation

  • Constitution of Chhattisgarh Mining Corporation

IT policy

The State's IT and ITES policy aims to leverage the potential of Information Technology for rapid social and economic development to significantly improve the quality of life for its citizens. It also aims to establish Chhattisgarh as the leading destination of choice for IT Investment and promote the growth of local IT industry in the state. Some of the key initiatives taken by the government are:

  • Incentives to IT industry

  • Constitution of high level committee for grant of No-Objection Certificate through single window system

  • Creation of a distinct budgetary head of account for IT-related activities in the annual state budget

  • Encourage public-private-partnership policy for e-Governance

The state government is also taking steps to promote IT in various aspects of governance. These include:

  • Linking all districts with optical fibre cables and ensuring that all district centres have internet facilities

  • Linking 63 treasuries and sub-treasury offices in the state

  • A Memorandum of Understanding (MoU) with the Indian Institute of Technology, Kanpur to promote e-governance in the state and using IT for economic and technological development, and enhancing the skills of faculties at education institutes in the state

  • Provided land at concessional rates to all universities imparting IT education

  • Compiling data for a geographical information system with the help of the Indian Space Research Organisation at an estimated cost of US$ 4.5 million

  • Computerising land records. Till August 2003, land records of 19,466 villages of the state's 19,995 villages were computerised

  • The Government has also set up a nodal agency, CHiPS to propel IT growth and implementation in the state.The agency is headed by the chief minister and is responsible for implementing the state-wide' Chhattisgarh Online Information for Citizen Empowerment' (CHOiCE) e-Governance project

Tourism policy

Chhattisgarh has a rich cultural heritage and attractive natural diversity. The state government has taken a conscious decision to create a unique image for the state and position it as an attractive destination for both domestic as well as foreign tourists. Some major objectives of this policy are:

  • Integrated development of special tourism areas

  • Promote private sector initiatives in developing tourism-related infrastructure

  • Promote eco-tourism, adventure tourism, culture-heritage and ethno tourism

  • Setting up the State Tourism Promotion Board as a nodal agency to promote tourism

Biotech policy

Biotechnology has been identified as a thrust sector in the State's Industrial Policy. The Bastar region is one of the richest biospheres in India. The state is endowed with about 22 varieties of forest and is extremely rich in aromatic plants used in herbal medicine .The state has vast land of virgin biosphere reserves. Its biotech policy has the following objectives:

  • Focus on thrust areas viz. Agri-biotechnology, Health care, Bioinformatics, Industrial and Environment biotechnology

  • Creation of a Biotechnology Fund with an initial corpus of US$ 7 million

  • Providing infrastructure for biotechnology industry through setting up of biotechnology parks and bio-villages

  • Human resource development through introduction of biotechnology in technical education institutions and industry partnered educational programmes

  • Incentives for bio-technology industry

e-Governance

The State Government proposes to put in place the system of "single point contact" for according approvals and clearances for investment. For this purpose, an administrative complex will be built in the State capital Raipur to house all the agencies connected with industrial investment promotion.

With a view to create enabling environment for promotion of industrial investment, an institutional arrangement will be put in place by constituting a State Level Industry Advisory Board headed by the Chief Minister for periodic consultation and interaction with industrial associations, investors, subject experts etc.

District Investment Promotion Committees and the State Industrial Promotion Board constituted under the Chhattisgarh Industrial Investment Promotion Act, 2002 will be strengthened for effectiveness. The system of deemed approvals in cases of failure of concerned government agencies to accord investment clearances within the specified time limit will be put in place.

For giving various statuary and administrative clearances to investors, state and district level nodal agencies will be put in place to work as "single point of investor contact" which will be responsible for facilitating all necessary clearances. Necessary steps will also be taken for simplification of labour laws.

 

Content Source: www.ibef.org

 
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