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Industrial Policy of any state paves the way to development in particular direction with a specific thought process.
- The first Industrial Policy of Chhattisgarh state was unveiled on November 1, 2001.
- The second Industrial Policy was introduced on November 1, 2004 with a validity of five years.
- The Third Industrial Policy was implemented during 2009-2014.
- The new Industrial Policy 2014-19
Chhattisgarh has been ranked fourth in Ease of Doing Business as per Ranking 2016 by department of industrial policy and promotion (DIPP) and World Bank for 36 Indian states and union territories. RAIPUR: Chhattisgarh has been ranked fourth in Ease of Doing Business as per Ranking 2016 by department of industrial policy and promotion (DIPP) and World Bank for 36 Indian states and union territories. RAIPUR: Chhattisgarh has been ranked fourth in Ease of Doing Business as per Ranking 2016 by department of industrial policy and promotion (DIPP) and World Bank for 36 Indian states and union territories.
The Chhattisgarh sanctioned new industrial policy for 2014-19. The policy includes the provision of subsidy worth Rs.5 crores for establishing an industrial park in the private sector. Provision of establishing ‘Land Bank’ of over 10,000 hectares for various industries has also been included in the policy.
Moreover, to promote bicycle manufacturing, pharmaceuticals, electronic products, textile industries etc, these industries will be included as “priority” in the new policy.
The prescribed limit for mega project will be reduced for these industries, so that they may get its benefits on lesser Investment. Under the new industrial policy, the Chief Minister Cluster Development Scheme will be initiated, under which the State Government will provide Rs.50 lakhs as subsidy.
On the lines of ‘Make in India‘ concept, the state will implement ‘Make in Chhattisgarh’ policy under which manufacturing units of the related industries will be promoted with priority.
The domiciles of Chhattisgarh will be encouraged to set up their own enterprises and they will also be provided better EMPLOYMENT opportunities.
Capital investment in the state will be promoted by making Industry competitive in comparison to other states.
Taking leaf out of Prime Minister Narendra Modi’s “Make in India” concept, Chhattisgarh had designed its new industrial policy aimed at inviting investors to manufacture the product in the mineral-rich state.
Chhattisgarh had invited huge investment in core sectors like steel, power, cement and aluminum from the previous Industrial Policies. About 120 Memoranda of Understanding were signed since the inception of state and 60 proposals had been implemented and expanded. The remaining proposals are under various stages of implementation.
The State had achieved new heights in the core sector. The main focus is now on the none-core sector like agriculture, automotive, alternate energy, information technology, pharmaceuticals, Health care, and tourism. The Global Investors Meet was held in 2012 in non-sector segment for the first time. Locals should be provided jobs in the industries and more avenues should be created besides encouraging the youths to start their own industries.
In the proposal industrial policy, the state government was planning was create a land bank for mega industries, special packages for the deprived sections of the Society, revival of the sick and closed industries and land acquisition for small-scale industries around the proposed Rail Corridor and Dallhi-Rajhara-Rowghat-Jagdalpur railway line.,
The Chhattisgarh Industrial Policy is a policy document that outlines the government’s vision for the development of the state’s Industrial Sector. The policy aims to promote investment, create jobs, and accelerate economic Growth. The policy provides a number of incentives and promotional measures to attract investors, including tax breaks, land subsidies, and access to credit. The policy also outlines a number of sectoral policies, such as policies for the development of the mining, manufacturing, and Services sectors. The policy also includes general provisions, such as provisions on environmental protection and labor laws. The policy is implemented and monitored by the state government.
The policy was first announced in 2008 and has been revised several times since then. The latest revision was announced in 2019. The policy has been successful in attracting investment and creating jobs. The state’s industrial sector has grown rapidly in recent years. The policy has also helped to improve the state’s Infrastructure-2/”>INFRASTRUCTURE and attract foreign investment.
The policy has been criticized for being too focused on attracting large-scale industries. Some critics have argued that the policy has not done enough to promote small and medium-sized enterprises. Others have argued that the policy has not done enough to protect the Environment or the rights of workers.
Despite these criticisms, the Chhattisgarh Industrial Policy has been a success in promoting investment and economic growth in the state. The policy has helped to create jobs and improve the state’s infrastructure. The policy has also helped to attract foreign investment. The policy is likely to continue to be successful in the future.
Here are some of the key features of the Chhattisgarh Industrial Policy:
- The policy aims to promote investment, create jobs, and accelerate economic growth.
- The policy provides a number of incentives and promotional measures to attract investors, including tax breaks, land subsidies, and access to credit.
- The policy outlines a number of sectoral policies, such as policies for the development of the mining, manufacturing, and services sectors.
- The policy includes general provisions, such as provisions on environmental protection and labor laws.
- The policy is implemented and monitored by the state government.
The Chhattisgarh Industrial Policy has been successful in attracting investment and creating jobs. The state’s industrial sector has grown rapidly in recent years. The policy has also helped to improve the state’s infrastructure and attract foreign investment.
The policy has been criticized for being too focused on attracting large-scale industries. Some critics have argued that the policy has not done enough to promote small and medium-sized enterprises. Others have argued that the policy has not done enough to protect the environment or the rights of workers.
Despite these criticisms, the Chhattisgarh Industrial Policy has been a success in promoting investment and economic growth in the state. The policy has helped to create jobs and improve the state’s infrastructure. The policy has also helped to attract foreign investment. The policy is likely to continue to be successful in the future.
What is the Chhattisgarh Industrial Policy?
The Chhattisgarh Industrial Policy is a set of guidelines and incentives that the state government of Chhattisgarh offers to businesses that invest in the state. The policy aims to promote industrial development and create jobs in the state.
What are the benefits of investing in Chhattisgarh?
The Chhattisgarh Industrial Policy offers a number of benefits to businesses that invest in the state, including:
- Tax incentives: Businesses that invest in Chhattisgarh can avail of a number of tax incentives, including a reduction in Corporate tax, a reduction in sales tax, and a reduction in property tax.
- Land incentives: The state government of Chhattisgarh offers land at concessional rates to businesses that invest in the state.
- Infrastructure support: The state government of Chhattisgarh provides infrastructure support to businesses that invest in the state, including access to power, water, and transportation.
- Skill development support: The state government of Chhattisgarh provides skill development support to businesses that invest in the state, through its various training programs.
What are the key sectors that the Chhattisgarh Industrial Policy targets?
The Chhattisgarh Industrial Policy targets a number of key sectors, including:
- Manufacturing: The state government of Chhattisgarh is keen to promote manufacturing in the state, and offers a number of incentives to businesses that invest in this sector.
- Agriculture: The state government of Chhattisgarh is also keen to promote agriculture in the state, and offers a number of incentives to businesses that invest in this sector.
- Tourism: The state government of Chhattisgarh is also keen to promote tourism in the state, and offers a number of incentives to businesses that invest in this sector.
What are the challenges faced by businesses in Chhattisgarh?
Businesses in Chhattisgarh face a number of challenges, including:
- Infrastructure: The state of Chhattisgarh has a number of infrastructure challenges, including poor roads, poor electricity supply, and poor water supply.
- Skills: The state of Chhattisgarh has a shortage of skilled workers, which can make it difficult for businesses to find the workers they need.
- Competition: The state of Chhattisgarh faces competition from other states in India, as well as from countries in Southeast Asia.
What are the opportunities for businesses in Chhattisgarh?
The state of Chhattisgarh offers a number of opportunities for businesses, including:
- A large and growing Population: The state of Chhattisgarh has a large and growing population, which provides a large market for businesses.
- Abundant natural Resources: The state of Chhattisgarh is rich in Natural Resources, including coal, iron Ore, and bauxite.
- A favorable investment Climate: The state government of Chhattisgarh has created a favorable investment climate, with a number of incentives for businesses that invest in the state.
What is the future of the Chhattisgarh Industrial Policy?
The Chhattisgarh Industrial Policy is a dynamic policy that is constantly being updated and revised. The state government of Chhattisgarh is committed to promoting industrial development in the state, and the Chhattisgarh Industrial Policy is a key tool in achieving this goal.
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Which of the following is not a type of business organization?
(A) Sole proprietorship
(B) PARTNERSHIP
(C) Corporation
(D) Government -
Which of the following is not a factor of production?
(A) Land
(B) Labor
(C) Capital
(D) Government -
Which of the following is not a type of market structure?
(A) Perfect competition
(B) Monopoly
(C) Oligopoly
(D) Government -
Which of the following is not a type of economic system?
(A) Capitalism
(B) Socialism
(C) Communism
(D) Government -
Which of the following is not a type of economic policy?
(A) Fiscal Policy
(B) Monetary Policy
(C) Trade Policy
(D) Government -
Which of the following is not a type of economic indicator?
(A) Gross domestic product (GDP)
(B) Unemployment rate
(C) Inflation rate
(D) Government -
Which of the following is not a type of Economic Development?
(A) Economic growth
(B) Economic development
(C) Economic stability
(D) Government -
Which of the following is not a type of economic inequality?
(A) Income inequality
(B) Wealth inequality
(C) Opportunity inequality
(D) Government -
Which of the following is not a type of economic development strategy?
(A) Export-oriented development
(B) Import-substitution development
(C) Human Capital development
(D) Government -
Which of the following is not a type of economic growth model?
(A) Solow growth model
(B) Harrod-Domar Model
(C) Romer growth model
(D) Government