Chhattisgarh is generously bestowed with natural resources like forests, minerals and surface water. The state has undergone a radical change and is thriving with industrial activities. Chhattisgarh produces 100% of tin and 15% of the cement in the country. Over 30% of sponge iron 30% of aluminium also comes from the state.
Many central Government undertakings like Bhilai Steel Plant, National Mineral Development Corporation Limited, South-Eastern Coalfield Limited, National Thermal Power Corporation are present in the state. Over 100 Steel projects (sponge iron/pig iron) in private sector are also under different stages of implementation. Major investors in this sector are Tata, Jindal, National Mineral Development Corporation, Essar, VISA Nico, Prakash, Monnet, Surya, Mini Steel Plant (MSP), Godavari SKS, Jai Balaji etc.
There are approximately 130 Steel rerolling mills and a number of Mini Steel Plants. The state also boasts of 17 Ferro alloy units, steel/cast iron casting units engineering and fabrication units apart from a large number of agro based and food processing, chemical, plastic, construction material, forest produce based units. The industrial growth in Chhattisgarh, which has come into begin on 1st November 2000 has been very satisfactory and has now established its identity as a growth centre of cement and steel industries in India.
A number of wide ranging industries come up in this state due to availability of minerals, power, labour and agricultural base. The recently announced Chhattisgarh’s industrial policy (2014 -19) is based on two primary factors. First, creating basic infrastructure, friendly labour relations, transparency and accountability and reducing red Tapism. Second best planning and encouraging administration.
Steel industrial policy has been prepared to provide for the accelerated growth of the industrial development, employment for youth as well as economical and social prosperity is expected on executive of the policy. The policy will be effective from 1st November 2014 to 31st October 2019
Objectives of state industrial policy (2014-19) is to provide more economic incentives for the industrial development to the backward industrial block of the state and event to the weaker section of society such as schedule caste/scheduled tribes disabled, retired soldiers, naxalism affected families and women entrepreneurs. To ensure the participation of industries in the skill development of local people. To increase the storage capacity for the Agricultural Products in the state, especially in rural areas. It includes the provision of subsidy worth rupees 5 crore for establishing a industrial park in the private sector. Provision of establishing Landbank over thousand hectares for various industries. Industries like bicycle, manufacturing, pharmaceutical, electronic products, textile industries etc will be included as priority. The Chief Minister Cluster Development Scheme will be initiated where in the state government will provide rupees 50 lakh as subsidy.
Main industries are steel, aluminium, cement, thermal power and mining.
Aluminium and Iron ore industry in Chhattisgarh
Chhattisgarh aluminium sector is famous for producing world class quality. Bharat aluminium Company Limited in the Korba district is one of the largest producer of aluminium in the country.The plant produces 100000 tonnes of aluminium every year. catering to the needs of diversified range of manufacturing sectors of the state, the company also as a vital job providing sector. Currently BALCO is executing expansion plan to increase if aluminium production capacity from 100000 tonne to 345000 tonne per annum.
Iron ore industry
The basic raw material for the iron and steel industry that is also used in ferro manganese industries, paints, pigments and other allied Industries is available in a fairly large area in the state. Chhattisgarh, which rank third among all the iron ore producing states in India, contributes almost 20% of national iron ore reserves. Chhattisgarh produces 28% of India’s sponge iron.
Cement and Steel industry in Chhattisgarh
Steel industry with the overall rapid development of the country, demand for iron. Steel has grown faster than anticipated. The existing Steel plants can partially meet the current demand. Hence, it is being seen as an imperative that new plants be established in the state. In Chhattisgarh units like the Bhilai Steel Plant efficiently produces considerable amount of Steel products round the year.
Cement industry is one of the main beneficiary of the infrastructure boom. With robust demand and adequate supply, the cement industry comprises of 125 large cement plants with an installed capacity of 148. 28 million tonnes and more than 300 mini cement plants with an estimated capacity of 11. 10 million tonnes per annum. Total cement produced 18 million tonne and is 15% of the national level. India is the second largest cement producer in the world after China. Chhattisgarh cement industry presents a total of around 9 major units that are effectively performing on the economic domain of the state.
Mineral based industries in Chhattisgarh
In Chhattisgarh 28 varieties of major minerals, including diamonds are found which make it richest state for minerals. It hosts a wide variety of minerals found in Igneous, sedimentary and metamorphic terrains.These mineral resources have immense potential for large investment in mining, setting of mineral based industries and generating employment in the state. the large deposits of coal, iron ore, limestone, bauxite, dolomite, and tin ore are located in several part of the state. Chhattisgarh produces around 20% of the country’s steel and cement and is the only tin ore producing state in the country.
Thermal Power Plants
Thermal power plants of Chhattisgarh generate electricity which is quite sufficient in meeting the demand of whole state. Few of the power plants like Korba Thermal Power Station, National Thermal Power Corporation Limited, Hasdeo Bango project are worth of mention. Chhattisgarh processes a total capacity of 6100 MW of thermal power generation.