BEML’s Heavy Earth Moving Equipment plant gets approval
Local employment will get a boost
Raipur, 17 April 2025
The Chhattisgarh government has taken another important decision today towards taking the state to new heights of industrial and economic development. In a cabinet meeting held at Mahanadi Mantralaya Bhawan under the chairmanship of Chief Minister Shri Vishnu Dev Sai, Bharat Earth Movers Limited (BEML) was given in-principle approval for setting up a heavy earth moving equipment manufacturing plant in the state. It has been decided to allot 100 acres of land along the National Highway near Bilaspur, Champa at a token rate for this plant, with the aim of generating local employment and promoting micro-small industries.
The new Industrial Policy 2024-30 of the Chhattisgarh government, which came into effect from November 1, 2024, has made the state investor-friendly. The basic mantra of this policy is minimum governance, maximum incentives, under which the process of setting up industries has been simplified and made transparent. Facilities like Single Window System 2.0, online application, and quick processing have eased the business environment in Chhattisgarh for entrepreneurs. The policy has given special impetus to sectors like pharmaceuticals, information technology, artificial intelligence, green hydrogen, semiconductors, and tourism.
Under this policy, attractive provisions like 30-50 percent subsidy, tax exemption for 5 to 12 years and interest subsidy have been made for the industries. Apart from this, B-spoke policy for units providing employment to more than 1000 people and training grant of up to Rs 15,000 per person are also included. The government aims to create 5 lakh new jobs in the next five years, which is a big step towards making the local youth self-reliant.
Setting up of BEML’s Heavy Earth Moving Equipment manufacturing plant will not only boost industrial activities in Chhattisgarh but will also generate employment opportunities locally. The decision to allot 100 acres of land for this plant at a token rate reflects the government’s commitment to investors. This move will boost micro, small and medium enterprises (MSMEs) as well as strengthen the local supply chain. The project will provide employment to thousands of people directly and indirectly, bringing economic prosperity to both rural and urban areas.
The Chhattisgarh government has made several reforms to promote ease of doing business. Through the single window system, all approvals are being provided to industries on a single platform, saving time and cost. The expansion of online facilities has also accelerated the establishment of industries. Entrepreneurs can now apply for various approvals from home.
The Chhattisgarh government, led by Chief Minister Shri Vishnu Dev Sai, has taken significant initiatives to attract investment. Industrialists from India and abroad participated in the Investors Connect Meet held in Delhi, Mumbai and Bengaluru, which resulted in receiving investment proposals worth Rs 4.4 lakh crore. The agreement to invest Rs 6,000 crore in the Mumbai Summit, Rs 15,184 crore in Delhi and Rs 15,184 crore in the energy sector in Bengaluru has underlined Chhattisgarh’s industrial potential.
According to the Project Today Survey, in the financial year 2025, an investment of Rs 1,63,749 crore came in 218 new projects in Chhattisgarh, which is 3.71 percent of the total investment in the country. This achievement has made Chhattisgarh one of the top ten investment states in the country. Chief Minister Sai assured the industrialists that the Chhattisgarh government will provide all possible support with transparent and investor-friendly policies.
Chief Minister Shri Vishnu Dev Sai has said that Chhattisgarh’s new industrial policy not only promotes the establishment of industries but also emphasizes on employment generation and economic prosperity. Our goal is to contribute to the creation of a developed India under Amritkal-Chhattisgarh Vision 2047 Nava Anjor. He said that the state is now emerging as an industrial and technological hub, coming out of the Naxal-affected image.
