MP luggage funding intentions value Rs 15.42 lakh crores-plus at Global Investors Summit

By Express News Service

INDORE: The two-day ‘Invest Madhya Pradesh,’ Global Investors Summit which concluded in Indore on Thursday has bagged the central Indian state, intentions of funding value over Rs 15.42 lakh crores.

“A total of investment intentions worth Rs 15,42,514 crores have been received. These intentions are likely to create around 29 lakh jobs in the state,” Chief Minister Shivraj Singh Chouhan mentioned after the completion of the funding conclave, attended by over 5000 buyers from 84 nations, together with the highly effective G20 nations.

Out of those intentions, a most of Rs 6,95,258 crores value intentions pertain to the Indore-Malwa Nimar area (thought of the economic hub of MP), Rs 2,88,179 crores (Rewa-Shahdol), Rs 2,41,898 crores (Jabalpur-Sagar), Rs 1,65,069 crores (Bhopal-Narmadapuram), and Rs 1,52,147 (Gwalior-Chambal).

As per the CM, funding intentions value over Rs 6,09,478 crore pertained to renewable vitality sector, 2,80,753 crore (city infrastructure), Rs 2,20,160 crore (Agriculture and Food Processing), Rs 98,305 crore (Mining), Rs 78,778 crores (IT and Allied Sector), Rs 76,769 crores (Chemical and Petroleum), Rs 71,351 crores (Services), Rs 42,254 crores (Automobiles and Electric Vehicles), Rs 17,991 crore (Pharma), Rs 17,916 crores (Logistics and Warehousing), Rs 16,914 crores (Textiles and Garments) and Rs 1,25,855 crores in different sectors.

As many as 36 MoUs too have been signed with 23 commerce organisations, representing nations from the world over, together with African nations, Latin American and Caribbean nations, ASEAN nations, European nations and Bangladesh.

“These MoUs pertain to variegated sectors, including agriculture and food processing, startups, skill development, MSME sector, engineering, pharma and health sector. These MoUs will go a long way in connecting MP with business communities across the globe, which would particularly usher benefits to exporters in the state,” Chouhan mentioned.

The CM additional knowledgeable that three main selections have been taken to spice up industrial investments within the state, following the problems raised by the buyers on the conclave by means of one-to-one discussions or the B2B (business-to-business) and B2G (business-2-government) conferences.

“In order to ensure that the small investors, startups and industries coming up in sectors like readymade garments can take off without major investment, we’ve decided to render Plug and Play facilities in the government as well as private sectors. This facility will see big buildings come up in government and private industrial areas and zones, where the investors will only have to install machines to start their units,” he maintained.

“Further to ensure that intentions turn into actual investment, it has been decided to add the How Can I Help You window in the Invest MP portal by January 26. I’ll myself review at least once every month the progress of resolving all the investors’ grievances coming to this window feature in the portal,” he added.

Further, the brand new industrial items which can come up within the state won’t worry within the first three years of their begin within the title of inspection for compliance points. 

INDORE: The two-day ‘Invest Madhya Pradesh,’ Global Investors Summit which concluded in Indore on Thursday has bagged the central Indian state, intentions of funding value over Rs 15.42 lakh crores.

“A total of investment intentions worth Rs 15,42,514 crores have been received. These intentions are likely to create around 29 lakh jobs in the state,” Chief Minister Shivraj Singh Chouhan mentioned after the completion of the funding conclave, attended by over 5000 buyers from 84 nations, together with the highly effective G20 nations.

Out of those intentions, a most of Rs 6,95,258 crores value intentions pertain to the Indore-Malwa Nimar area (thought of the economic hub of MP), Rs 2,88,179 crores (Rewa-Shahdol), Rs 2,41,898 crores (Jabalpur-Sagar), Rs 1,65,069 crores (Bhopal-Narmadapuram), and Rs 1,52,147 (Gwalior-Chambal).

As per the CM, funding intentions value over Rs 6,09,478 crore pertained to renewable vitality sector, 2,80,753 crore (city infrastructure), Rs 2,20,160 crore (Agriculture and Food Processing), Rs 98,305 crore (Mining), Rs 78,778 crores (IT and Allied Sector), Rs 76,769 crores (Chemical and Petroleum), Rs 71,351 crores (Services), Rs 42,254 crores (Automobiles and Electric Vehicles), Rs 17,991 crore (Pharma), Rs 17,916 crores (Logistics and Warehousing), Rs 16,914 crores (Textiles and Garments) and Rs 1,25,855 crores in different sectors.

As many as 36 MoUs too have been signed with 23 commerce organisations, representing nations from the world over, together with African nations, Latin American and Caribbean nations, ASEAN nations, European nations and Bangladesh.

“These MoUs pertain to variegated sectors, including agriculture and food processing, startups, skill development, MSME sector, engineering, pharma and health sector. These MoUs will go a long way in connecting MP with business communities across the globe, which would particularly usher benefits to exporters in the state,” Chouhan mentioned.

The CM additional knowledgeable that three main selections have been taken to spice up industrial investments within the state, following the problems raised by the buyers on the conclave by means of one-to-one discussions or the B2B (business-to-business) and B2G (business-2-government) conferences.

“In order to ensure that the small investors, startups and industries coming up in sectors like readymade garments can take off without major investment, we’ve decided to render Plug and Play facilities in the government as well as private sectors. This facility will see big buildings come up in government and private industrial areas and zones, where the investors will only have to install machines to start their units,” he maintained.

“Further to ensure that intentions turn into actual investment, it has been decided to add the How Can I Help You window in the Invest MP portal by January 26. I’ll myself review at least once every month the progress of resolving all the investors’ grievances coming to this window feature in the portal,” he added.

Further, the brand new industrial items which can come up within the state won’t worry within the first three years of their begin within the title of inspection for compliance points.