Madhya Pradesh mulls changes to save firms from prosecution

Chouhan said as many as 2,630 proposals to the tune of Rs 5,62,847 crore had been received during the meet.

Written by Milind Ghatwai | Indore | Published: October 24, 2016 3:13:24 am
Shivraj Singh Chouhan, Madhya Pradesh, Madhya Pradesh investment, Madhya Pradesh business, Madhya Pradesh news, india news Madhya Pradesh CM Shivraj Singh Chouhan

Madhya Pradesh government on Sunday said that it is considering an amendment in criminal laws to ensure that industrialists are not prosecuted for unintentional mistakes. “We are getting experts to brainstorm on how not to treat every mistake as crime, and make suitable amendments,’’ Chief Minister Shivraj Singh Chouhan said at the Global Investors’ Summit here.

Chouhan said that when the state began holding investor summits in 2007 investors, especially from abroad, would say that they had not heard about Madhya Pradesh, and people who had would always associate the state with the Bhopal gas tragedy.

Watch what else is making news:

Chouhan added that though the government had decided not to sign MoUs during the meet as many as 2,630 proposals to the tune of Rs 5,62,847 crore had been received during the meet. He said about 5,000 investors and delegates attended the meet. He also announced that the next GIS will be held on February 16-17, 2019.

Chouhan said that post GST tax concessions given to industries will continue “in some form.” He said it would be unfair to industries if the concessions were withdrawn and said a committee headed by the additional chief secretary (finance) will work out how to make that happen.

Chouhan also said that a new textile policy would be announced, given the huge potential in readymade garments.

Announcing a slew of measures to attract investment, he said the government will soon make changes to make land use diversion easy, while charging a nominal fee for it. For investment up to Rs 50 crore a relationship manager will be appointed. The process to give pollution clearances will be simplified, and a new road worth Rs 50 crore will be built from Indore airport to Pithampur industrial estate. Employment centres will also be developed in PPP mode, Chouhan added.

“I wont let you down, the trust you have reposed in us will be reciprocated,’’ Chouhan said. The scope of the Public Service Guarantee Act will be expanded to provide timebound clearances to investors, he added.

External affairs minister Sushma Swaraj, who was the chief guest of the valedictory function, made a strong pitch for investing in MP saying she was an MP from Vidisha. “You will get triple benefits,” she told investors in a lighter vein. She said Madhya Pradesh had become a favourite destination for investors, and lauded Chouhan for his leadership and policies.

Urban development minister Venkaiah Naidu said MP had become an ideal destination for investors and described it as “the most happening state”. “From BIMARU it has become the healthiest state now,’’ he added.

For all the latest Business News, download Indian Express App