Climate for investments has improved in Madhya Pradesh

Bhopal: Climate for investment has improved in Madhya Pradesh following recent Global Investors Summit. Investors from world over wish to come to Madhya Pradesh. The Prime Minister has also lauded Madhya Pradesh. MP’s branding has been done as an ideal investment destination. This is a golden opportunity. Madhya Pradesh should be transformed by availing benefit of this situation actively.
It was informed that 3,177 investment proposals worth Rs. 6 lakh 89 thousand crore were received during the summit. Members of the cabinet and senior officers of various departments attended the meeting.
Chief Minister Shri Chouhan said that bringing investment to Madhya Pradesh is the decision of state’s elected government. All ministers and officers must have pro-active approach for this. Take brave decisions in the state’s interest and adhere strictly to time-limit. Every department should maintain information about concerning investors and keep in touch with them. New investors should also be contacted. This is a continuous process. Pay attention to “Ease of Doing Business”. Importance should be paid to all kinds of industries including major, medium and small ones to make Madhya Pradesh pioneer in investment sector.
The Chief Minister directed that process should begin to create global talent pool of talented youths of the state. Organic farming and products should be promoted. Under Mukhyamantri Yuva Udyami Yojana, 10 young entrepreneurs should be groomed in every district. Orders should be issued within time-limit regarding announcements for micro, small and medium industries. All departments should develop new work culture. He said that every department should chalk out an outline for creative programmes during Madhya Pradesh Foundation Day from November 1 to 7. The Chief Secretary will coordinate these programmes.
Every investor to get Unique Identification Code
Chief Secretary Shri Anthony de Sa gave a presentation on achievements of Global Investors Summit and follow-up action. He informed that 5,500 representatives from industry including 200 top industrialists took part in the summit. Besides, 107 industries associations and representatives of public sector undertakings and 2100 small and medium entrepreneurs also attended it. In the summit, 32 countries of 5 continents and 9 partner countries took part including 28 ambassadors and high commissioners. Total 3,177 investment proposals worth Rs. 6 lakh 89 thousand including 3,164 proposals worth Rs. 4 lakh 37 thousand crore through website and 13 proposals worth Rs. 2 lakh 52 thousand crore announced in the summit. The proposals pertain to 21 departments.
The Chief Secretary informed that every investor will be given a Unique Identification Code Number before October 31. Nodal officer of concerning department will contact investor and get prepared DPR of his project in November-December next. Following this, a combined application will be presented to TRIFAC, which has evolved a system for online monitoring and tracking of investment proposals. Of these, 99 proposals are worth over Rs. 500 crore each. A special officer each will be appointed for separate monitoring of these proposals. The Chief Secretary will undertake review every Thursday. Monthly report will also be presented before the cabinet.
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