'MP govt will ensure investment proposals of GIS materialise' | bhopal | Hindustan Times
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'MP govt will ensure investment proposals of GIS materialise'

bhopal Updated: Dec 17, 2014 18:51 IST
HT Correspondent
HT Correspondent
Hindustan Times
Madhya Pradesh

Madhya Pradesh commerce, industry and employment minister Yashodhara Raje Scindia said Rs 25 crore was the total amount spent on Global Investors' Summit (GIS) in the last two-and-half years, not during the three-day programme alone held at Indore.

In reply to a question, the minister said if somebody had information regarding the sick industries, department would work in this regard.

The minister also admitted that memoranda of understanding (MOUs) signed in the previous GIS could not work out and to deal with this problem the state government had come up with the idea of intention to invest.

She said, "In GIS, about 3,000 investors have shown their intention to invest in Madhya Pradesh. The department has appointed investment relationship manager and nodal officer for implementation of these investments. The department has given unique identification code to each investor so that they could contact and discuss directly through this ID."

When asked about registration by bogus industries, minister said, "It was an online registration process so there is a chance of bogus registration. Manager and nodal officer would weed out the bogus investors through scrutiny."

Yashodhara also admitted that the condition of small scale industries in the state was not sound. Hence, the department was going to form a committee to restructure the Madhya Pradesh Laghu Udyog Nigam.

She also said that simplification of single window system would also continue. When asked about procedural delay in the old investment proposals, she said, "We are working on it and will keep in touch with industrialists so that the problem could be resolved soon."