Top 3 Business Ideas-Investment Opportunities in Chhattisgarh.
Chhattisgarh is the central-eastern state of India surrounded by Uttar Pradesh and Jharkhand to the north and north-east, Orissa to the east, Telangana to the south, Madhya Pradesh and Maharashtra to the west. It is one of the fastest-growing Indian states and the GSDP (Gross State Domestic Product) of the state amounts to 51 billion US dollars. The abundant availability of natural resources in the state ensures a steady supply of raw materials for prospective projects. The state is bestowed with a diverse set of natural resources. The following businesses can be set up in the state:
Related Projects: – Best Business Opportunities in Chhattisgarh
- Bamboo-Based Products: Bamboo is grown abundantly across various districts of Chhattisgarh. Bamboo is an inevitable part of the state’s life-style and is used for manufacturing fishing nets, constructing homes, preparing load-carrying poles, musical instruments, and food. The Basor community of the state earns a living by preparing bamboo objects, baskets, and other utilities. Apart from the essential commodities, making objects from bamboo is a wide-spread skill-set in the state. Recently, the Chhattisgarhi government has also introduced various schemes emphasizing the significant role of bamboo in the lives of Chhattisgarhi people executing programs for growing bamboo.
Related Projects:- Bamboo and Bamboo Products, Value-Added Bamboo Products
Chhattisgarh majorly accounts for the cultivation of Bamboo in its Bastar region, with tribes engrossed both in the production of bamboo and bamboo-based products. The Narayanpur Bamboo Project in affiliation to National Bamboo Mission is a joint alliance of the Department of Rural Development & the Chhattisgarh Handicraft Development Board. To facilitate the production of bamboo, the forest department of Chhattisgarh has executed the Mukhyamamtri Baans-Baddi Yojana. Under this scheme, high-quality bamboo rhizomes are distributed cost-free to accelerate the cultivation of bamboo.
The skilled and efficient team of NPCS with a well-designed plan offers assures higher profits. We offer all the essential information required for the project.
- Mineral-Based Products: Chhattisgarh is engulfed with a diverse range of mineral reserves found integrated with igneous, metamorphic, and sedimentary rock configurations. Huge deposits of coal, iron ore, limestone, bauxite, and dolomite are found in various regions of Chhattisgarh. The kimberlites found in the Raipur region have also been identified as diamond mines. The Pegmatite containing judicious deposits of tin have also been determined. The deposits of gold base metals, amblygonite, quartzite, graphite, fluorite, lepidolite, and corundum of considerable sizes have been found on an average to small scale. The scarce and expensive reserves of mineral alexandrite such as amethyst, andalusite, beryl, garnet, kyaniteand, and sillimanite are also scattered across various regions of the state. The state is also the only producer of tin ore of strategic significance in the nation.
Related Projects:- Minerals, Marble, Granite, Gypsum, Quartz, Talc, Mica Projects
Around 27% of the revenue is received from mineral exploitation in the state. Considering its huge amount of quality minerals and reserves, \it has garnered investments from many small to medium-scale industries offering employment to lakhs of individuals. Considering, Chhattisgarh is one of the mineral-abundant states of India, it offers lucrative prospects for manufacturing mineral-based products.
- Agro-Based Products: About 80% of the Chhattisgarhi population is into agriculture and 40% of the total arable land is under cultivation. Paddy (Rice) is the principal crop of Chhattisgarh. And, thus the state is rightly known as the ‘Rice bowl of India’. The conducive soil and climatic conditions have promoted the growth of various other crops such as wheat, maize, groundnuts, pulses, oilseeds, and grains. The Bastar plateau, northern, and Chhattisgarh plains have been identified as geographically regions suitable for cultivation. Horticulture is an important extension of the agricultural practices in the state. And various aromatic, medicinal plants, and flowers are the key constituents of the state.
The Chhattisgarhi government offers various co-operatives allowing farmers to fetch high-quality seeds and agricultural tool-sets. The state and district co-operatives also provide loan amenities to the under-privileged farmers. Thus, agriculture in Chhattisgarh is gaining impetus making any agro-based business an economically viable alternative.
NPCS is one of the prominent brand in the industrial world providing integrated technical consultations. Having analyzed the market for, ‘Business Opportunities in Chhattisgarh’, executing the same would be a profitable idea to monetize.
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