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Chhattisgarh Courts Korean Tech Investment With Seoul Outreach Under New Industrial Policy

The state pitches mineral resources, surplus power, fast-track approvals to attract electronics and chip makers.

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Overview

  • Chief Minister Vishnu Deo Sai led an Investor Connect in Seoul to invite Korean companies to leverage Chhattisgarh’s 2024–2030 industrial policy.
  • The government signed an MoU with the Indian Chamber of Commerce in Korea to serve as a knowledge partner for industry-ready talent.
  • Officials promoted the Single Window 2.0 platform, land allotment in 45 days, project start in 95 days, and sector reimbursements reaching 187% in pharma, 76% in electronics, and 62% in steel downstream.
  • Sai cited more than 14,000 MW of power capacity including Korba, increasing renewables to 3,000 MW, and highlighted opportunities such as a 200-acre vehicle city and a proposed semiconductor hub in Raipur.
  • In a Seoul interview, Sai said three of five Japanese firms he met plan to invest and that Korean industry group ATCA intends to bring about 20 companies to India next month for follow-up discussions.