K.Venkateshwar.Rao

Chhattisgarh, which was carved out as a new State from the erstwhile State of Madhya Pradesh in the year 2000 is not only rich in diversified tribal culture but also has a reserve of mineral resources in abundance. The State has four favourable factors for industrial growth and agriculture productivity-land, labour, power and water. This nascent State has peaceful people, political stability, good infrastructure, power and perennial rivers. The State, which boasts of rich reserve of iron ore, bauxite mines, coal and precious gems of international quality, is drawing attention of global community. A favourable industrial climate has developed leading to rapid industrialization in the newly formed State of Chhattisgarh. With the rich mineral resources, new industrial policy and concerted efforts of the State Government to provide best facilities to the industries, the flow of investment coming to the country has percolated down to Chhattisgarh. The pace of industrialization received a fi

Chhattisgarh is rich in natural and mineral resources, not only forests of the State are replete with precious herbal and medicinal plants but mineral resources of the State has the potential to transform it as a global economic power. Chhattisgarh has huge stocks of coal, bauxite, iron ore and 28 types of minerals are found in the State. Existence of high quality kimberlitic pipes (diamond) has been traced in the State. Chhattisgarh ranks second in terms of mineral production in the nation. 23 pc of the iron ore deposits of the nation exists in Chhattisgarh and Chhattisgarh is among three prominent coal producing states of the nation along with Jharkhand and Orissa. Realizing importance of minerals resources in industrialization of a state and nation Dr. Raman Singh's government set the pace for rapid industrialization of Chhattisgarh. The state government has ensured numerous concessions for investors in the New Industrial Policy 2004-09. As per Industrial Entrepreneur Memorandum