10 Most Profitable Industries For Chhattisgarh, India

Chhattisgarh is in central India and is a highly forested state prominent for its waterfalls and temples.  Precisely, Chhattisgarh is located in east-central India.  It covers 52,199 square miles area and is bounded to the north by Jharkhand and Uttar Pradesh, to the south by Telangana, to the east by Orissa, and to the west is Madhya Pradesh and Maharashtra.

The Chhattisgarh economy is primarily on agriculture, mining, manufacturing, and energy production. The state has huge deposits of dolomite, iron ore, coal, and other minerals. Rice production is more in the central lowland, and the entire state has tendu leaves found in bulk suitable for bidis. The state's activities in manufacturing are largely focused on the production of metals. Chhattisgarh supplies hydroelectric and thermal generators, proving the electricity a significant regional supplier. 

Mineral resources are the biggest strength of this state. It produces minerals such as iron ore, coal, and dolomite in huge quantities. There are considerable reserves of limestone, bauxite, and quartzite in the state. Tin ore reserves account for 35.4% in India from Chhattisgarh alone and it is the alone state producing tin concentrates.

Fortunately, Chhattisgarh has surplus power and is a utility-based electricity profitable state. It has installed a 13,076.27 MW capacity power generator, comprising under private utilities 8229.83, under state utilities, 1971.05 MW, and under central utilities 2875.39MW.

In addition, Chhattisgarh has IT/ITes policies, food and agro-processing, solar energy, biotechnology, and minerals sectors. Today it ranks fourth considering the ease of business among Indian states and reforms implementation as per KPMG and World Bank.

Chhattisgarh has promising opportunities and the state-of-the-art infrastructure for entrepreneurs to establish and run their businesses smoothly. The tax incentives provided by the state government make Chhattisgarh a lucrative business destination. It can become an entrepreneurial hub in the next few years if substantial investment flows in. It has huge investment potential and is on the fast track of development.

 

Today, almost 80 per cent of the population is dependent on agriculture and small scale industry in the state. Chhattisgarh is committed to a strong industrial growth that is focused on some of the most raw and basic industrial sectors. It seems that entrepreneurship can be build up in this area drastically. Similar to Prime Minister Narendra Modi’s concept of “Make in India,” the state government has started focusing on “Make in Chhattisgarh.”

 

The need of the hour is to create a favourable investment climate in the state to enhance industrial production and create additional employment opportunities. The government is planning to come up with new industrial parks to set up business units. It already has Metal Park, Apparel Park, Engineering Park and Aluminium Park at Rawabhata, Raipur, Bhilai and Korba, respectively. [source]