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Chhattisgarh in production talks with US, Russian defence firms: CM
Mint Chennai
|March 03, 2025
Chhattisgarh is courting defence firms from Russia and the US to set up manufacturing units in the state under its new industrial development policy 2024-30, as it looks to position itself as a key player in India's defence supply chain.
"Numerous companies from Russia, the US, and other countries participated in our investment summit in Mumbai, and these investments will come to Chhattisgarh," chief minister Vishnu Deo Sai told Mint. He, however, did not disclose specific companies or deal sizes.
The second leg of the investment summit, held in Mumbai on 23 January, saw Chhattisgarh attract ₹6,000 crore worth of investment proposals across sectors.
The largest commitment came from Ambuja Cement, which proposed an investment of ₹2,367 crore, according to the state government. However, details of MoUs, if any, signed with defence firms remain unclear.
"We expect investments of up to ₹1 trillion under the new industrial development policy," the chief minister added.
This story is from the March 03, 2025 edition of Mint Chennai.
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