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Published On:31 October 2012
Posted by Indian Muslim Observer

MoUs worth Rs.93,398 crore signed on 2nd day of Global Investors Summit

By Pervez Bari

Indore: On the second day of the third Global Investors' Summit here at Indore, the financial capital of Madhya Pradesh, on Monday as many as 269 MoUs worth approximately Rs.93,398 crore were signed while captains of industrial world heaped encomiums on the state Chief Minister Shivraj Singh Chouhan for his leadership qualities. 

The MoUs inked included Rs.1282 crore MoUs in medical education sector, Rs.4,870 crore in food processing, Rs.20,000 crore in new and renewable energy, Rs.13,566 crore in urban development and Rs.7,800 crore MoUs were signed in the health services sector. In all, 6 MoUs were signed in medical education, 16 in food processing, 150 in renewable energy, 36 in urban development and 36 MoUs were signed in health service sector. Earlier in the day, 15 MoUs worth Rs.40,485 crore were singed in the morning session of the investors summit. Anil Dhirubhai Ambani Group chairman Anil Ambani, Confederation of Indian Industries president and Godrej group chairman Adi Godrej, Essar Group chairman Shashi Ruia, Bharat Forge chairman Baba Kalyani, Future Group CEO Kishore Biyani, Tata International chairman Balasubramanian Muthuraman, Force Motors' Abhay Firodia were among those who held centre stage.

Speaking on the occasion Chief Minister Mr. Chouhan said that a definite time-limit will be set for completing all the industry-related works in the state. He said that investment is needed for progress, but with a human face. He said that we need development, but its light must reach common people. Investors should come forward to build global level infrastructure in the state. He said that the path of prosperity goes through investment. Process for investment will have to be made transparent so that industrialists face no difficulty. He said that trust of entrepreneurs coming to Madhya Pradesh will not be allowed to be broken. Process of development must continue unabated and contribution of all of us is important in it.

Every village to be linked with good roads by the end of 2013

Chief Minister Mr. Chouhan assured that every village of Madhya Pradesh will be linked with good roads by the end of 2013. He said that we want to make Madhya Pradesh’s economy vibrant in which every young entrepreneur gets opportunity to set up industry. In Madhya Pradesh, agriculture growth rate is 18 percent and development growth rate is 12 percent. Best policies for industries in the country have been chalked out in Madhya Pradesh. Mr. Chouhan said that we wish to provide jobs to people through industries. He exhorted entrepreneurs to progress and also take the state forward.

Single-table concept for industries in state

Chief Minister Mr. Chouhan said that conducive atmosphere for industries has been created in Madhya Pradesh. Industrial corridors will be developed between Morena-Gwalior, Indore-Bhopal and Jabalpur-Rewa-Satna-Singrauli. Power is being supplied for 24 hours to industries. Mr. Chouhan said that investors will face no difficulty in Madhya Pradesh since there is single-table concept here under which he himself meets industrialists every Monday and redresses their problems. He said that this is an era of knowledge. There are better opportunities for investment in quality education and health sector in the state.

Ex-Prime Minister Mr. Vajpayee’s resolve to be fulfilled

Chief Minister Mr. Chouhan said that entire Narmada water available in the state will be fully utilised. Madhya Pradesh has taken a pledge to fulfil resolve of former Prime Minister Mr. Atal Bihari Vajpayee to link rivers. A Rs.18,000 crore project has been chalked out for linking rivers in the state. He informed that there is immense investment potential in tourism sector in the state. Schemes have been chalked out for every section of society. Madhya Pradesh is the first state in the country to implement Public Service Delivery Guarantee Act.

Madhya Pradesh ideal state for investment

At the programme, Leader of Opposition in Lok Sabha Mrs. Sushma Swaraj, who was the chief guest on the occasion, said that conducive atmosphere for industries has been created in Madhya Pradesh. Quantum of investment in the state is increasing every year. The government and administration have played important role in creation of conducive atmosphere for industries. An investor wants a transparent and prompt process and better infrastructure. From this angle, Madhya Pradesh has become an ideal state for investors. Nature has given Madhya Pradesh huge mineral deposits. The state has world-famous natural beauty spots.

Mrs. Swaraj said that religious tourism can also be a good sector for investment. She advised forming a "ministry for pilgrimage" for developing pilgrimage spots as she termed these areas are somewhat neglected.

Industries Minister Kailash Vijaywargiya said that political will and commitment to development will combine to create a new record. Madhya Pradesh is fast emerging as a powerful state. Common people and industrial world has full faith that the state’s future will be golden and bright. He said that all efforts have been made to make available modern facilities in villages. State’s rural scenario has completely changed for better. He urged industrial community to cooperate in the state’s and its people’s prosperity.

Rural Development Minister Gopal Bhargava said that industrial products’ access to village markets in the state has increased as a result of strengthening of rural infrastructure. Rural transport service has increased villagers’ access to market. The state is creating a new history. He said that migration from villages has come to a stop and now power and roads are available over there.

Indore Mayor Krishna Murari Moghe said that Municipal Corporation is committed to make available all kinds of civil and infrastructural facilities to industries. He said that atmosphere of industrial development has been created as a result of the State Government’s policies and willpower.

Member of Parliament Mrs. Sumitra Mahajan said that government and industries will have to work together for development. State’s development will lead to country’s development. He said that politics does not come in the way of development. Madhya Pradesh is a peaceful state and rich in resources. Mrs. Mahajan said that Madhya Pradesh can provide a forceful and better stage to industrial world.

Additional Chief Secretary P.K. Dash threw light on the state’s potential in trade and industry. He said that all-round conducive atmosphere for investment is available in Madhya Pradesh.

Principal Secretary Narmada Valley Development Rajneesh Vaish threw light on positive changes likely to occur in future as a result of Narmada-Kshipra Link Project. He said that Narmada-Malwa Lift Irrigation Project will turn out to be a milestone for Malwa region’s economic upliftment.

At the programme, a necklace crafted from the diamonds mined from Bunder Project of Rio Tinto was displayed. Short film “Madhya Pradesh Advantage” was also screened. Member of Parliament and Madhya Pradesh BJP president Prabhat Jha, people’s representatives and large number of investors were present on the occasion. 

[Pervez Bari is a senior Journalist based at Bhopal, Madhya Pradesh. He is associated with IndianMuslimObserver.com as Bureau Chief (Madhya Pradesh). He can be contacted at pervezbari@eth.net]

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Posted by Indian Muslim Observer on October 31, 2012. Filed under , , . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

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