Hyderabad: Weeks after India was officially declared Maoism-free, seven major private companies from Telangana across the technology, energy, textiles, and pharmaceutical sectors pledged to invest Rs 9,580 crore in Chhattisgarh, once the stronghold of the violent Naxal movement.
The companies made the investment commitments during the Investors Connect event held on Friday in Hyderabad by the Chhattisgarh government.
Key investment proposals include a Rs 4,200-crore data centre by Hypernext Data Centre Limited, Rs 2,912-crore cement factory by Feegrade and Company Private Limited, Rs 1,000-crore semiconductor and GPU infrastructure facility Nivai Labs, and Rs 700-crore solar energy equipment and manufacturing plant by SG Mart Limited.
Other companies that submitted investment proposals directly to Chief Minister Vishnu Sai Deo include Dinshaw Dairy Foods, Kabra Drugs, and Saravana Textile Mills. Collectively, these investments are expected to generate 7,800 direct jobs.
These large-scale investment proposals are the first to be made after Home Minister Amit Shah declared the country free of Naxalism on 30 March. Many of the ‘red corridors’ where Naxals carried out their armed rebellion against the State were in Chhattisgarh.
The chief minister said that the growing investor confidence in the state’s industrial ecosystem and policy framework underscores the security and stability the state can provide in the post-Maoist era.
“Hyderabad’s journey from an emerging IT destination to a global technology and innovation hub is inspiring. Chhattisgarh is working on a similar roadmap, and we are already witnessing encouraging results in sectors such as IT, manufacturing and services,” Sai told the gathering.
Chhattisgarh Commerce and Industries Minister Lakhan Lal Dewangan and prominent industrialists, investors, and business representatives from southern India were present on the occasion.
Inviting investors to explore opportunities in his state, Sai noted that Chhattisgarh has organised investor outreach programmes across major Indian cities as well as in countries such as Japan and South Korea. These efforts have so far resulted in investment proposals worth more than Rs 8 lakh crore, he said.
Highlighting the state’s industrial strengths, he said Chhattisgarh is emerging as a leader in green steel production and is rapidly strengthening its position as a national power hub.
So far, he said, the state has received investment proposals worth Rs 3.5 lakh crore in the energy sector, he added.
(Edited by Ajeet Tiwari)
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