Raman Singh Invites Chinese Investment In Chhattisgarh

WebIndia.com / New Delhi

26th November 2005

Chhattisgarh Chief Minister Raman Singh met representatives of prominent Chinese public sector company Xingxing in Beijing today and invited them to invest in his state.

Mr Singh said Chhattisgarh had immense possibilities for value added industries and favourable conditions prevailed in the state for setting up ancillaries of steel and mineral based industries.

Xingxing Chairman Ming Liu hosted a dinner in honour of the Chief Minister at the State Guest House in the Chinese capital.

Dr Singh pointed out that, apart from mineral based industries, Chhattisgarh had immense possibilities in information technology, biotechnology and herbal sectors. The state had huge stocks of high quality iron ore.

The iron ore of Bailadila is being exported to Japan. It had a reserve of 23,360 tonnes of iron ore accounting for 18.23 per cent of India's iron ore production. The state produced 26 per cent of the country's sponge iron.

The Chief Minister said the state also had huge limestone and coal deposits. The state produced 18 per cent of the country's cement and coal.

Chhattisgarh is rich in other mineral resources as well which could be processed cheaply in the state, the Mr Raman Singh told the Chinese.