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At MP investors’ meet,focus on micro and small industries

Admitting that big-ticket investments sound good on paper but create very few jobs,Madhya Pradesh devoted the first day of its three-day investors’ meet

Admitting that big-ticket investments sound good on paper but create very few jobs,Madhya Pradesh devoted the first day of its three-day investors’ meet on Sunday to micro,small and medium industries that invest little and generate many jobs.

As many as 113 MoUs took shape which will eventually result into investment of Rs 670 crore and jobs to 6,000 people. A typical MoU in power sector translates into thousands of crores of investment but create jobs only in hundreds,a realisation that dawned on the government after previous summits.

While kicking off the meet that saw a more than expected turnout,Chief Minister Shivraj Singh Chouhan announced a series of concessions to the micro,small and medium industries and claimed that the sector played a significant role in the state achieving near 12-per cent growth rate.

The chief minister said the government had already created a land bank of 20,000 hectares and will reserve land even in the Chambal ravines.

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The MoUs signed on Sunday ranged from a minimum investment of Rs 1 crore to a maximum of Rs 25 crore in diverse sectors like solar panels,food processing and dairy products,edible oil refineries,mini cement plants and packaged drinking water.

State Industry Minister Kailash Vijayvargiya said MP suffered from a lack of identity before and was known for negative reasons like the Bhopal gas tragedy,but things have changed for the better. He claimed that MP was the only state that provided 24/7 electricity to industries. The MSM sector will also benefit from the proposed feeder separation by getting dedicated electricity lines.

Meanwhile,the government has also pinned high hopes on the Global Investors’ Meet that begins on Monday. More than 700 representatives of the corporate world,including top industrialists like Anil Ambani,Kumar Mangalam Birla and Gautam Adani,will take part in the meet,besides representatives of 15 nations.

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Information Technology biggies like Infosys and TCS will sign lease-deeds during the meet that has also attracted 18 other companies in the sector.

First published on: 29-10-2012 at 12:09:59 am
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