At least 25 industrial parks will have to be established by the private sector in Madhya Pradesh. This follows a policy decision by a top-level investment promotion empowered committee, which met here under the chairmanship of the Chief Minister, Mr Shivraj Singh Chouhan.

Mining companies will get a host of relaxations and concessions meant for industries only when they set up their processing units in the state, an official release said here on Friday.

It was decided on Thursday at the Mantralaya meet that the private sector would have to establish at least 25 industrial units and provide employment to at least 250 local persons.

The state government will provide 30 per cent land on collectors' guidelines if private investors provide 70 per cent land for the industrial park. The investors will also get the facility of consolidation of plots for their project.

The Chief Minister said investors must pay adequate compensations to the farmers for acquiring their lands.

Mr Chouhan said the state was witnessing faster investments with the new investors coming to Madhya Pradesh from developed states.

He said that proposals would be discussed and asked the concerning departments to extend cooperation. He said that the areas would be categorised in terms of their industrial backwardness. The meeting decided to place Ratlam district in C category up to 2013.

The committee also gave exemption in entry tax to 10 units that include Lakhani Rubber Products, Rohit Surfactants private limited, Mahle Engine Components India private limited, Ruchi Trips and Alliance, Betul Oils and Floors Limited in Satna, Bhaskar Industries, Goharganj – Raisen, sonic Biocam extensions, Ruchi Soya Industries in Narsinghpur, Ruchi soya in Daloda in Mandsour, Food processing park Nimrani, Parakh Agro Industries in Khargone.

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