Global Investors Summit: Investment proposals worth INR 6 lakh crores raised

Heartbeat

Global Investors Summit Investment proposals worth INR 6 lakh crores raised (1)

Indore, 10 October 2014: Chief Minister Shivraj Singh Chouhan informed at the concluding session of Global Investors Summit at Indore today that investment proposals of Rs. 6 lakh 89 crore have been made during the summit. He said that every possible effort will be made to make Madhya Pradesh the driving force of country’s economy. The next Global Investors Summit will be held at Indore from October 19 to 21, 2016. At the session, the Union Ministers endowed thousands of crores proposals for Madhya Pradesh.

Chief Minister Chouhan said that a roadmap will be chalked out on the basis of investment proposals received at the summit. Sanctions will be given through single-door system by associating one officer with every investor. He said that for industries, Madhya Pradesh has water, power, connectivity, land, talents and trust. On the basis of these, he will leave no stone unturned to realise Make in India dream of Prime Minister Narendra Modi. He will get a report prepared on “Ease of Business doing in Madhya Pradesh” and present it before the country. He urged entrepreneurs to become partner in development of the state and restructure a new Madhya Pradesh. Trust of investors will not be broken. He will meet investors every Monday. Investors may also give their suggestions on ‘Ideas for CM website’. He said that he wishes to develop such an economy in Madhya Pradesh where every person is happy, successful and lives a meaningful life. Madhya Pradesh will be a state where craftspersons, art and culture will be respected. Venture Credit Fund will be instituted to promote innovations.

Global Investors Summit Investment proposals worth INR 6 lakh crores raised (3)

MP to become one lakh crore’s petrochemical investment region

Union Minister for Chemicals & Fertilisers Ananth Kumar said that Madhya Pradesh will become focal point of industrial development in the country. He announced that the Central Government will develop Petrochemical Petro Investment Region costing Rs. one lakh crore in Bina refinery area. First landlock petrochemical complex of the country will be developed near Bina. Bina refinery’s capacity will be increased from 6 million tonnes to 8 million tonnes. BPCL will invest Rs. 25 thousand crore in it. Later, the capacity will be increased to 15 million tonnes. Gas Authority of India will develop a gas grid in Madhya Pradesh with an investment of Rs. 10 thousand crore. Plastic Park will be developed in Mandideep and Polymer Park in Gwalior. National Institute of Pharma Education and Researh will establish Centre of Excellence at Bhopal.

Union Minister for Steel and Mines Narendra Singh Tomar said that concept of integrated and balanced development has been concretised in Madhya Pradesh. He said that public sector undertaking SAIL is assessing deposits of 50 million tonne iron ore in Madhya Pradesh. Rs. 1500 crore will be invested in its pilot project. If upto 140 million tonne iron ore deposits are assessed then a steel plant costing Rs. 12 thousand crore will be established. NALCO will invest Rs. 6 thousand crore in aluminium refinery in bauxite reserve area. HCL will invest Rs. 100 crore for solar energy and MOIL will invest Rs. 250 crore for manganese plant. Similarly, NMDC will invest Rs. 1000 crore for diamond mining in Tikamgarh. In next 3 years, NMDC will complete survey of geo-chemicals and geo-mining in Madhya Pradesh. For coal block based power plants, NALCO will invest Rs. 19 thousand crore and NMDC Rs. 3 thousand crore.

Global Investors Summit Investment proposals worth INR 6 lakh crores raised (15)

Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan, the Union Minister for Mines, Steel and Labour & Employment, Narendra Singh Tomar, the Minister of State for Information and Broadcasting (I/C), Environment, Forest and Climate Change (I/C) and Parliamentary Affairs, Prakash Javadekar, the Minister of State for Commerce & Industry (Independent Charge), Finance and Corporate Affairs, Nirmala Sitharaman and other dignitaries

Union Minister for Social Justice Thawarchand Gehlot said that National Mental Treatment and Rehabilitation Centre costing Rs. 50 crore is being established in Madhya Pradesh. Composite Regional Centres for disabled and Disabled Rehabilitation Centres have been sanctioned for all districts. One Regional Centre each will be established at all divisional headquarters. He said that it has been provisioned that 2 percent net profit of industrial institutions will be given towards corporate social responsibility.

60 projects get environmental clearance in 120 days

Union Minister of State for Forests and Environment Prakash Javadekar said that clearance has been given to 60 projects of all sectors in last 120 days. These projects include power, irrigation and mining. His department has simplified process for giving environmental clearance. For this, online arrangements have been made. Process for giving sanctions for power transmission lines, irrigation pipeline, roads and linear projects of railway has also been decentralised. He said that there will simultaneous development and environmental conservation in the country.

MP a model state for others

Union Minister of State for Coal and Energy Piyush Goyal said that development model of Madhya Pradesh is an example for other states. He informed that NTPC has maximum capital investment of Rs. 75 thousand crore in Madhya Pradesh. NTPC is setting up a power plant of 1320 MW at Gadarwara. Process for 2 other power plants has also got underway. Rs. 50 thousand crore will be invested in renewable energy sector in Madhya Pradesh. Public undertakings of Union Energy Ministry will construct toilets costing Rs. 125 crore in 12 thousand 477 schools in Madhya Pradesh under the Swachh Bharat Abhiyan. Besides, additional Rs. 300 crore will be spent under corporate-social responsibility.

Global Investors Summit Investment proposals worth INR 6 lakh crores raised (5)

Union Minister of State for Commerce & Industries Nirmala Sitaraman said that the biggest industrial hub will be developed in Pithampur-Dhar-Mhow area under Delhi-Mumbai Industrial Corridor in Madhya Pradesh. Under the same project, Smart Industrial City will be constructed near Ujjain. Food processing plants will be set up for value addition in agriculture sector in Madhya Pradesh. For this, the Central government will work in tandem with the state government. Foreign equity flow is increasing rapidly in Madhya Pradesh.

Lavish proposals offered

Industrialists present at the function shared their experiences and informed about their investment schemes in Madhya Pradesh. Jaiprakash of J.P. Group said that his group will invest Rs. 35 thousand crore in Madhya Pradesh including cement plant, Smart City in Rewa, TV channel and Hindi newspaper. His group is operating in the state for last 40 years.

Subhash Chandra of Essel Group said that his group has invested Rs. 5000 crore in Madhya Pradesh and will invest Rs. 50 thousand crore in 6 projects. These include development of 5 Smart Cities and health & wellness projects.

Ambassador of Spain Gustavo Manuel said that investors are impressed by single-door policy of Madhya Pradesh. His country’s major industries are investing in infrastructure, transport and renewable energy sectors in Madhya Pradesh.

Sweden’s Ambassador Herald Sandburg said that Sweden’s major companies are eager to invest in Madhya Pradesh in service and construction sectors. Noted film director Prakash Jha said that Madhya Pradesh is soul of the country. Madhya Pradesh gives a sense of attachment and loves very much. He has been shooting 4 films here this year.

32 countries, 9 partners, 28 Ambassadors participated GIS

Chief Secretary Anthony de Sa presented a summary of the summit. He informed that 32 countries, 9 partner countries and ambassadors of 28 countries participated in it. Investors took part in 38 sessions during the summit where 150 subject experts gave presentations. At the programme, books “Indore and Surroundings” and “Residency Indore” were released. At the outset, CII’s Director General C. Banerjee delivered the welcome address.

Commerce & Industries Minister Yashodhara Raje Scindia, Finance Minister Jayant Malaiya, Energy Minister Rajendra Shukla, School Education Minister Paras Jain, Transport Minister Bhupendra Singh, Revenue Minister Rampal Singh, Minister of State for Tourism Surendra Patwa and representatives of industrial world were present on the occasion.

 

 

Your Point of View