With investment proposals worth over Rs 4.31 lakh crore received by the Madhya Pradesh Government over the last few days, the Chief Minister, Shivraj Singh Chouhan, has assured investors, who he said allayed fears of recession by making investment proposals, to personally monitor these on a monthly basis and track their implementation in a time-bound manner.
These proposals include concrete ones worth Rs 3.56 lakh crore. Together, these proposals, when implemented, would have the potential to create 9 lakh jobs directly and 19 lakh indirectly.
Major investment proposals have been received so far in sectors such as industrial infrastructure (Rs 88,405 crore), agriculture and food processing (Rs 34,000 crore), housing and urban development (Rs 36,000 crore) and road construction (Rs 33,000 crore). More MoUs would be signed in the coming days, he said.
“These MoUs are not scraps of papers”, he told a packed audience at the valedictory function of the three-day Third Global Investors’ Summit (GIS) on Tuesday, adding his Government would frame an Investors Relations Management System within a month to maintain a constant connect with the investors. An MP Development Forum would have experts and meet twice a year to advise the State Government on various issues. “We admit that we do not have the monopoly of wisdom but have clear intentions to put before the nation a role model of development,” he asserted.
Chouhan said his Government would not even let investors rest. "You have to work hard to implement what you have promised in the bipartite agreement.”
He also assured that the BJP Government would continue to adhere to its promises to investors even if GST were implemented. “We will also pay interest subsidy to investors in the textile industry, as in Gujarat and Maharashtra, and would match all the facilities provided to them in any other State."
The Chief Minister announced that progress on investments would be reviewed every Wednesday by the Industry Minister and the Additional Chief Secretary (Industries) to track implementation and fix responsibility and accountability for any failures.
However, he also warned there would be no development at the cost of harm to the environment.
The Summit saw participation from over 15 countries with more than 2,200 delegates. The 10 sectoral seminars were attended by over 1,500 delegates.
On Monday, business magnates including Anil Ambani and Kishore Biyani attended the Summit, while Kumarmangalam Birla, Shivinder Mohan Singh, Subrata Roy Sahara and Subhash Chandra Goel were among those present on Tuesday.