The Chhattisgarh government has signed two MoUs (Memorandum of Understandings) at the Chhattisgarh Business Summit 2022 at India International Trade Fair-2022 in New Delhi on Tuesday. The MoUs were signed for setting up ethanol production plant and drone and an UAV manufacturing unit.
Business delegates and entrepreneurs from across the country participated in the summit organised for business, entrepreneurs and exporters from electronics, minor forest produce and handicrafts and handloom.
A MoU has been signed between the state government and Rajesh Gautam of NKJ Biofuel, Durg for setting up ethanol production plant in cooperative sector with an investment of Rs 140 crores, while another MoU was inked with Manish Bajpai of Daybest Research Private Ltd for setting up 4500 drone and UAV manufacturing units at the investment of Rs five crore.
Labor Minister Shiv Dharaiya encouraged entrepreneurs to invest and said that Chhattisgarh is a progressive state full of possibilities. He maintained that under the new industrial policy of the state government, many types of concessions and facilities are being given to the entrepreneurs.
The state government has provisioned special packages and concessions to prioritize agriculture and forest based industries as well as to create a better environment for investment. Besides, the rules for establishment and operation of industries have also been simplified.
Government has come up with various exemptions, incentives and benefits to the manufacturers interested in setting up a unit in the state.