Chhattisgarh cabinet approves amendments to industrial policy

    Raipur, Oct 9 (PTI) The Chhattisgarh cabinet has
approved amendments to the Industrial Policy 2019-24, offering
a slew of incentives to units, and announced a special package
for entrepreneurs from the Scheduled Caste/Tribe category and
also startups, an official has said.
    These decisions were taken at a cabinet meeting here
on Thursday chaired by chief minister Bhupesh Baghel.
    Under the amended industrial policy, the cabinet
granted clearance to a special incentive package for
investment in mega and ultra-mega projects in the steel
(sponge-iron and steel) sector, the official said.
    Accordingly, investors in such projects will get a
maximum of Rs 500-crore incentives (Rs 1,000 crore for Bastar
division), he said.
    For availing these incentives, prospective units will
have to commence commercial production latest by October 31,
2024, he said.
    The cabinet also approved a draft for formation of the
Chief Minister Infrastructure Maintenance and Upgrade
Authority, the official said.
    The authority will provide funds for maintenance and
upgrading of infrastructures related to education, health and
road traffic, he said.
    The new body will also act as an advisor to
departments concerned and district administrations, he added.
    The CM will be chairman of this authority, while all
cabinet ministers, the chief secretary, secretaries of finance
and general administration departments will be its members.
    The principal secretary/secretary to the CM will be
the member secretary of the new body, the official said.
    In another decision, the cabinet approved a proposal
to rename the forest department by amending the Chhattisgarh
Government Work (Allocation) Rule, he said.
    It will now be known as the forest and climate change
department, the official said. PTI TKP

(This story has not been edited by THE WEEK and is auto-generated from PTI)