Investment& Industrial Policies-Chhattisgarh
The State of Chhattisgarh was carved out of erstwhile Madhya Pradesh to provide deference to its distinctive historical, social background and natural resources. It is paradoxical that the State with richest natural endowments is amongst poor in the country. The basic purpose of its formation would be defeated if the natural resources are not used due to constraints of stringent forest laws and environment problems. To ease these strains and to provide accessibility in the benefit of natural resources utilization to the deprived class of the region, it has become imperative to evolve a suitable mineral policy for the nascent State.
Draft Industrial Policy of Chhattisgarh
Chhattisgarh, contrary to popular perception is one of the largest States in the country bigger than States such as Tamil Nadu, Bihar and Punjab.
Chhattisgarh is also amongst the richest states in the country in terms of mineral and forest resources, with a large untapped potential for industrialisation.
As a 21st Century State, led by contemporary economic ideas, Chhattisgarh has taken into account the empirical evidence and studies that have conclusively proved that good governance and excellent infrastructure attract investments, while incentives play a comparatively insignificant role. Therefore, Chhattisgarh will endeavour to provide best-in-class infrastructure for industries rather than spread resources thinly across individual incentives. Additionally, the Government is committed to minimise dilatory procedures and policies with the State playing the role of a business enabler rather than a regulator.
Environment Policy
Chhattisgarh lays emphasis on developing the State's rich mineral, forest and other natural resources on a sustainable basis to achieve the targets of rapid economic and social growth. Sustainable development is the delicate balance between the demands of economic development and the need for protection of the environment combining elements of economic efficiency along with intergenerational and social equity.
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