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Investment proposals worth Rs 6.89-lakh crore made in Indore GIS
11-10-2014

BHOPAL: Investment proposals worth Rs 6.89 lakh crore have been made during the Global Investors Summit that concluded at Indore in Madhya Pradesh on Friday. Chief Minister Shivraj Singh Chouhan said that every possible effort would be made to make Madhya Pradesh the driving force of India’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 of proposals for Madhya Pradesh.

The Chief Minister said that a roadmap would 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.

Union Minister for Chemicals & Fertilisers Ananth Kumar said that Madhya Pradesh would 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.

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.