Madhya Pradesh Government Initiates Massive Investment Proposals
The Madhya Pradesh government has taken a significant step towards boosting the state's economy by initiating 12 investment proposals worth a staggering Rs 32,000 crore during a two-day Investors Meet.
Key Investment Proposals Signed
On the first day of the meet, several crucial memorandums of understanding (MoUs) were signed, including:
- Rs 1,300 crore cement plant
- Rs 1,000 crore real estate unit
- Rs 10 crore sponge iron unit
- Rs 450 crore bio-energy unit
- Several other notable investments across various sectors
Chief Minister's Vision for Industrial Growth
Addressing the gathering, State Chief Minister Shivraj Singh Chouhan emphasized the government's concerted efforts to restore Gwalior's golden era in the industrial sector. He announced:
- Gwalior region to be placed in 'C' category to accelerate industrialization
- Extension of Udyog Mitra Yojana for another six years to facilitate regional entrepreneurs
Eminent Industrialists in Attendance
The occasion was graced by prominent industrialists, including:
- V N Dhoot
- Raghupati Singhania
- Senapati
- Sajjan Jindal
- Vinod Mittal
- Pankan Munjal
- H Ikava
Government's Commitment to Investment
Chouhan reassured that investors' meets are not mere political gestures, highlighting the government's seriousness about attracting investments. He mentioned:
- Passing of the Investment Facilitation Bill in the state
- Extension of the SEZ Act 2003 to the entire state, with a special mention of Indore
Power Supply Situation
Referencing the state's power situation, Chouhan noted that Madhya Pradesh is better positioned compared to many other states. Additionally, he highlighted the increase in power generation capacity by 2,950 MW over the last four and a half years.