‘Investment Advisory Council’ soon to constitute in Chhattisgarh; CM Raman asks to make 'Janmat' policy
 Source : NewsBharati  Date : 03-Sep-2017

Raipur, September 3: In a bid to attract investors in Chhattisgarh and strengthen state economy, BJP government has decided to constitute Investment Advisory Council to promote investments in state.

Chief Minister Dr Raman Singh took this decision in the 14th meeting of 'State Investment Promotion Board' at Mantralaya. This council will create environment for promoting commercial and industrial activities in state.

Moreover, he launched public participation website for formulation of 'Janmat' policy. Through this website State Government will take suggestions from common people through this website before formulation of industry related policy in Chhattisgarh.

Notably, Chhattisgarh is presently one of the few states that have surplus power. The gross state domestic product (GSDP) of Chhattisgarh is expected to reach US$ 47.75 billion in FY 2018 from US$ 36.6 billion in FY 2015. The GSDP of the state grew at a compound annual growth rate (CAGR) of 11.83 per cent between 2004-05 and 2015-16.

Chhattisgarh has emerged as one of the most preferred investment destinations in India. The state has been acclaimed as “one of the best fiscally managed states” by the Reserve Bank of India (RBI). The state attracted cumulative FDI worth US$ 1.29 billion from April 2000-March 2016.

A wide range of fiscal and policy incentives for businesses have been announced under its Industrial Policy, 2014-19. Additionally, the state has well-drafted policies for the IT/ITeS, solar energy, agro and food processing, minerals and biotechnology sectors.