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Bhopal City
11-09-2014

Rs 1.15-lakh crore invested in Madhya Pradesh, claims chief minister

BHOPAL: Madhya Pradesh Chief Minister Shivraj Singh Chouhan has said in New Delhi on Wednesday that out of the MoUs inked for investment of Rs 2 lakh crore, MoUs worth Rs 1.15 lakh crore have already materialised in the state so far.

He said that apart from major industries, Madhya Pradesh government has been paying special attention to laying a network of small and cottage industries and raising young entrepreneurs. About 5-lakh young entrepreneurs would be raised in the next 5 years. He informed that a single-window system in real terms has been implemented to facilitate investors in Madhya Pradesh. Chouhan was replying questions asked by media personnel about the state in New Delhi.

Chouhan informed that 14,000 MW power is available in Madhya Pradesh whereas other places in the country are facing power crisis. Apart from meeting its requirements, the state is also supplying power to Delhi, Bihar and Uttar Pradesh. Availability of power in the state will go up to 18 thousand MW by year 2017.

He said that not only thermal power plants, Madhya Pradesh is also attaching priority to alternative energy sources. The state will become a hub of renewable energy in years to come. This year, the state will get 2500 MW solar power. The state government has chalked out policies keeping future needs in view, he added.

The Chief Minister informed that only 7.5-lakh hectares were under irrigation in Madhya Pradesh in the previous decade, against which now 27-lakh hectares are being irrigated. Narmada-Kshipra Link Project has been completed in the state. In future, Narmada will also be linked with Kali Sindh and Gambhir rivers. Kane-Betwa Project is also proposed.

The Chief Minister informed that Madhya Pradesh tops in food grains production in the country. The state registered 20 percent agriculture growth rate last year despite less arable lands and 19 percent in the year preceding it. This year, the state has posted 24.99 percent agriculture growth rate. Concrete steps have been taken to make agriculture profitable. Apart from other schemes, facilities like interest-free agriculture loans and bonus have also been provided to farmers.

Referring to industries, the Chief Minister informed that out of MoUs inked for investment worth Rs 2 lakh crore, MoUs worth Rs 1.15-lakh crore have been materialised in Madhya Pradesh so far. Apart from major industries, network of small and cottage industries is also being laid.

Madhya Pradesh Yuva Udyami Yojana has been launched to raise young entrepreneurs under which the state government provides loan guarantee for Rs 10 lakh to Rs one crore. Apart from 5 percent loan subsidy for 5 years, young entrepreneurs are also provided technical know-how and assisted in marketing of their products. A target has been set to raise 5 lakh entrepreneurs in 5 years. Assistance for entrepreneurship was provided to 44 thousand youths last year.

The Chief Minister said that Madhya Pradesh is an ideal place for investment. Land bank comprising 20 thousand hectares has been developed for industries. No discrimination is made in the state in the name of region, religion, caste etc. Whoever comes to Madhya Pradesh becomes a part of it. Industrial peace and skilled manpower are added attractions. New ITIs have also been opened and courses have been changed in the old ones as per present-day requirements of industries.