Chief Minister Shri Vishnu Deo Sai performs groundbreaking ceremony for the new industrial unit of Yash Fans and Appliances Limited in Nava Raipur
Unit to be established with an investment of more than Rs 150 crore; over 3,500 people to receive direct employment
Chief Minister Shri Sai distributes appointment letters to newly selected youth and wishes them a bright future
New Industrial Policy accelerates investment; state receives investment proposals worth more than Rs 8.5 lakh crore
Special initiative to decriminalise 279 provisions to facilitate the establishment and operation of industries
Large-scale employment generation alongside investment is a key objective of the New Industrial Policy: Finance Minister Shri O.P. Choudhary
More than 3,000 industries established in the state, providing employment to over 50,000 people: Industries Minister Shri Lakhan Lal Dewangan
Raipur, October 2026 : Ensuring that the benefits of industrial development in Chhattisgarh reach the state's youth in the form of employment and economic opportunities is among the highest priorities of the state government. With this objective, the New Industrial Development Policy is providing special incentives to labour-intensive industries that have the potential to generate employment for a large number of people with comparatively lower capital investment. The state government's objective is not merely to attract investment, but to make investment a means of generating employment, strengthening the local economy and bringing prosperity to the state.
Chief Minister Shri Vishnu Deo Sai stated this while addressing the groundbreaking ceremony for the proposed new industrial unit of Yash Fans and Appliances Limited in Nava Raipur today.
Chief Minister Shri Vishnu Deo Sai said that the new unit of Yash Fans and Appliances Limited was an important milestone in Chhattisgarh's industrial development journey. An investment of more than Rs 150 crore is proposed for the project, which will provide direct employment to more than 3,500 people. Products for various reputed companies will be manufactured at the unit.
The Chief Minister said that the most important feature of this project was large-scale employment generation. His government wanted more and more industries to be established in Chhattisgarh that could provide better local employment opportunities to the state's youth and women. When young people received employment in their own state according to their skills and abilities, their families would become economically stronger and the local economy would also gain fresh momentum.
During the programme, Chief Minister Shri Sai distributed appointment letters to newly selected youth and wished them a bright future. He said that handing appointment letters to young people was the most meaningful achievement of any industrial investment. A single job not only makes one person self-reliant but also brings financial security and new hope into the lives of an entire family. The Chief Minister appreciated the Yash Group's initiative to create employment opportunities for young people on a large scale.
Chief Minister Shri Sai said that Chhattisgarh was rapidly moving forward to play an important role in Prime Minister Shri Narendra Modi's resolve to build a Developed India by 2047. To build a Developed Chhattisgarh, simultaneous efforts were being made in industrial development, employment generation, skill development and the expansion of modern infrastructure. The government was continuously working to establish Chhattisgarh among the country's leading industrial and investment centres by leveraging the state's natural resources, energy, skilled human resources and improved connectivity.
He said that the state government had included special incentives for employment-generating industries in the New Industrial Development Policy 2024–2030. Particular attention had been paid while formulating the policy to ensure that investment coming into the state created the maximum possible employment opportunities for local youth. Investment was being encouraged in textiles, food processing, electronics, pharmaceuticals and other labour-intensive sectors.
The Chief Minister said that, alongside creating a favourable environment for investment in the state, procedures for setting up and operating industries were being simplified. Continuous reforms had been undertaken to free entrepreneurs from unnecessary procedures and complexities. As part of reforms associated with Jan Vishwas, a special initiative had been undertaken to remove 279 provisions from the category of criminal offences. Procedures for various permissions and approvals were being made simpler and time-bound so that investment proposals could be implemented quickly and production and employment generation could begin at the earliest.
Chief Minister Shri Sai said that Chhattisgarh's New Industrial Development Policy had received an encouraging response from investors in India and abroad. The state had received investment proposals worth more than Rs 8.5 lakh crore. The government's special focus was now on rapidly translating these investment proposals into projects on the ground. Investors were being provided with the necessary support at every stage, from project establishment to operations.
He said that new possibilities for industrial development were taking shape in Chhattisgarh. The government's priority was to ensure that industrialisation did not remain confined to a few areas but expanded to different regions of the state. Developing industries based on local resources would strengthen regional economies and provide young people with better employment and self-employment opportunities in their own areas.
Chief Minister Shri Sai expressed confidence that the new unit of the Yash Group would accelerate industrial activity in Nava Raipur and surrounding areas while creating new employment opportunities. Assuring the company management of every possible support from the state government, he said that the concerned departments would ensure the necessary coordination and assistance so that the project could be completed within the stipulated timeframe and production could begin soon.
Finance Minister Shri O.P. Choudhary said that a significant change had taken place in the approach to Chhattisgarh's industrial policy under the leadership of Chief Minister Shri Vishnu Deo Sai. Investment was now being assessed not only on the basis of the amount invested but also on the employment opportunities it generated. For a long time, industries involving high capital investment but generating comparatively fewer jobs had dominated the state's industrial landscape. Changing this situation, the New Industrial Policy had given special priority to labour-intensive industries that generated more employment.
He said that the proposed unit of Yash Fans and Appliances was an example of this approach. Generating direct employment for more than 3,500 people through an investment of approximately Rs 150 crore reflected a new direction in the state's industrial development. The government's effort was to ensure that the benefits of industrial investment reached the youth of Chhattisgarh directly.
Shri Choudhary said that, on the instructions of Chief Minister Shri Sai, the Finance and Industries Departments had jointly prepared the Industrial Development Policy 2024–2030. Along with providing special incentives to employment-generating industries, the policy had also been aligned with the Central Government's employment incentive schemes. The budgetary provision for subsidies to encourage industries had been increased from approximately Rs 200 crore to more than Rs 1,000 crore.
He said that the first budget of the state government under Chief Minister Shri Sai's leadership was dedicated to the welfare of “GYAAN”—the poor, youth, farmers and women. The second budget, through “GATI”, aimed to accelerate good governance, infrastructure, technology and industrial development. The resources generated through economic growth would be used to further strengthen public welfare schemes. The government's objective was to provide a sustainable foundation for public welfare through industrial and economic progress.
More Than 3,000 Industries Established in the State, Providing Employment to Over 50,000 People: Industries Minister Shri Lakhan Lal Dewangan
Industries Minister Shri Lakhan Lal Dewangan said that Chhattisgarh was rapidly advancing in industrial development under the leadership of Chief Minister Shri Vishnu Deo Sai. Over the past two-and-a-half years, more than 3,000 industries, both large and small, had been established in the state, providing employment to over 50,000 people. Upcoming industrial projects were expected to create new employment opportunities for more than 1.5 lakh people.
Shri Dewangan said that investors' confidence was steadily increasing because of the favourable environment for industries in the state and the government's investment-friendly policies. In line with Prime Minister Shri Narendra Modi's vision of a Developed India by 2047, continuous efforts were being made in industry, investment and employment to build a Developed Chhattisgarh.
He described the new industrial unit of the Yash Group as an important step towards the state's industrial development and congratulated the company's management. He said the state government would provide the necessary assistance to ensure that the project was implemented within the stipulated timeframe, enabling the unit to begin production soon and allowing the state's youth to benefit from employment opportunities.
Shri A.N. Ravichandran, CEO of Yash Fans and Appliances Limited, provided information about the proposed industrial unit's activities, production plans and employment potential. He appreciated the favourable environment available for industries in the state and the support being provided by the state government.
On the occasion, Shri Rajiv Agrawal, Chairman of the Chhattisgarh State Industrial Development Corporation (CSIDC); Shri Ritesh Naredi, Chairman of the Yash Group; Shri Rajat Kumar, Secretary of the Industries Department; and Shri Chandan Kumar, Chief Executive Officer of the Nava Raipur Development Authority (NRDA), were present along with representatives of the industry, company management officials and a large number of distinguished citizens.
