CHHATTISGARH Cabinet has on Wednesday approved Chhattisgarh Excise Policy for the financial year 2026-27 and authorized the State Excise Department to carry out all the related proceedings of the Excise Policy. Talking to mediapersons at the Auditorium of the Culture Department in capital, Deputy Chief Minister Arun Sao said that the 42nd cabinet meeting was held under the chairmanship of Chief Minister Vishnu Deo Sai at the state capital on Wednesday, in which various important decisions were taken.

 

The Cabinet has approved the proposal for allotment of approximately 40 acres of land earmarked at Sector-18, Nava Raipur Atal Nagar on lease basis for 90 years to Shri Vile Parle Kelavani Mandal (SVKM) for setting up its Narsee Monjee Institute of Management Studies to establish a high-quality educational institution in the new capital city. SVKM is a renowned institution, which is working in the field of education since the year 1934 and currently running 30 educational institutions and it provides education to more than one lakh students every year from pre-primary to doctoral programmes.

 

This institute has got 52nd rank in NIRF University Ranking in the year 2025. The establishment of this national level institute in Nava Raipur will further strengthen modern and quality education in the state, he added. The Cabinet has decided to sign memorandum of understanding (MoU) with Software Technology Parks of India (STPI) for setting up four new entrepreneurship centres in Nava Raipur Atal Nagar. This MoU will be important in promoting the IT/ITES industry and technology start-up ecosystem in State.

 

The STPI operates 68 centres, of which 60 are located in tier-2 and tier-3 cities of India. The STPI in collaboration with the Department of Electronics Information Technology, Government of Chhattisgarh will promote 133 domain-specific start-ups in the next three to five years through AI, MedTech (herbal medicine and forest product based), Smart City and Smart Agri Entrepreneurship Centres.