Gwalior has immense industrialisation potential, especially in the information and technology (IT) sector, but due to poor infrastructure and connectivity, it remains underdeveloped.
National general secretary of the Associated Chambers of Commerce and Industry of India (Assocham) DS Rawat said this while releasing a study - Gwalior: A Potential Land for Industrialisation - in Bhopal on Wednesday.
Rawat said, "Gwalior could be a good choice for those IT companies which are expanding to tier-2 and tier-3 cities, but the government never pays attention to generate prospects for developing the area into an industrial hub."
Assocham director UK Joshi said no MOUs signed in 2013-14 came to fruition. In terms of investment, Gwalior accounted for live investments worth over R39,700 crore, thereby accounting for about 7% of the total R5.6 lakh crore worth live investments attracted by MP as on 2013-14. The ground work for about 38% of investment projects attracted by Gwalior did not even start and about 62% was not processed, Joshi added.
Rawat added improvement of connectivity with major commercial hubs, establishment of state-of-the-art training and skill development centres and setting up of knowledge-based industries are key areas where the government should focus.
Assocham will hold a conference-cum-exhibition in Gwalior on February 20 to attract investments worth about R75,000 crore in various sectors like chemicals, container and cargo, food processing, handicrafts, handloom, information technology, light engineering, real estate, stone cutting, storage and warehousing, textiles, tourism and transport among others.
If the event is successful, the district alone would generate over 50,000 direct and indirect jobs which will significantly contribute by way of taxes to the state exchequer, Rawat said.
Chief minister Shivraj Singh Chouhan, Union steel and mines minister Narendra Singh Tomar and commerce and industries minister Yashodhara Raje Scindia will address the conference.