Chhattisgarh land of opportunity: India Inc

Last Updated: Fri, Nov 02, 2012 14:20 hrs

Naya Raipur, Nov 2 (IANS) Top guns of Indian industry Friday said they were keen to invest in Chhattisgarh, calling it a land of opportunity.

Speaking on the first day of the two-day Global Investors Meet (GIM) being held in Naya Raipur, the new capital of this mineral-rich state, industrialists and top corporate executives heaped praise on Chhattisgarh Chief Minister Raman Singh.

Among the key figures at the meet were Anil Agarwal of metal and mining major Vedanta Resources Plc, Naveen Jindal of Jindal Steel and Power Ltd (JSPL), Prashant Ruia of the Essar Group, G.M. Rao of infrastructure major GMR Group, C.S. Verma of SAIL, R.S. Goenka of Emami Group, Rajesh Adani of Adani Group, Arup Roy Choudhary of NTPC, Ramesh Agrawal of Dainik Bhaskar Group and Sandeep Jajodia of Monnet Group.

Ambassadors of several countries and US Consul General Peter Haas also attended the summit.

"Chhattisgarh is a land of opportunity, it has huge investment potential and the state is on the fast track of development," Anil Agarwal said in a brief speech.

Naveen Jindal said the investors' meet was "an incredible event for credible Chhattisgarh".

"We have already invested Rs.25,000 crore in the state. We will bring in another Rs.50,000 crore," Jindal said.

GMR Group chief G.M. Rao whose company's energy wing is setting up a 1370-MW coal-based power plant in Raipur district, said the state was a wonderful place for investment and an infrastructure build-up was necessary.

SAIL chairman C.S. Verma described the investors meet "an august gathering in a new city".

Raman Singh, who has been the state's chief minister since Dec 2003, said: "We have a better atmosphere for business persons, the state needs investment in information technology, urban infrastructure, biotechnology and pharmaceuticals, engineering and auto, renewable energy, tourism and healthcare, agro and food processing and minor forest produces.

In his inaugural speech, Chief Secretary Sunil Kumar said: "Chhattisgarh is clogging double-digit growth rate for years and we are looking investment in non-core and downstream sectors".

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