Industry minister Rajendra Shukla on Monday said more improvement was needed in the ‘single-window system’ to make it easier for potential investors to set up industry in Madhya Pradesh.
On paper, the ‘single window system’ creates a seamless flow of investors’ applications between agencies to facilitate time-bound approvals. However, the actual implementation remains sluggish. Industrialists say they still have to make rounds of different departments to get approvals.
“The government will have to develop an eco-system to make industrial hubs more attractive. In this regard, the government is improving road connectivity and logistics in remote areas,” Shukla told the media at press club after reviewing preparations for global investors’ summit (GIS).
“The government will invest Rs 300 crore-Rs 350 crore to develop infrastructure in the industrial zone but we will allow domestic industry to set up units. We want to make an exclusive zone but can’t wait for the Japanese and Koreans indefinitely. So after reserving a portion of the 1,200 acre land, we will be allocating plots to the domestic industry,” he said, referring to proposed exclusive zone for Japanese and Korean companies.
The government is in touch with certain companies in the defence sector to set up units in Jabalpur. It is upbeat about IT, automobile, pharmaceuticals, textile and renewable energy, he added.
On a question regarding actual investments, Shukla said the government has received an investment of Rs 3.20 lakh crore in different sectors since 2012. “Chief minister Shivraj Singh Chouhan will present a report card on the ‘intention to invest’ received during 2014 and the actual sector-wise investment during the GIS.”
Reacting to the controversy created by Swadeshi Jagran Manch on banning Chinese goods, he said people have to differentiate between Chinese goods and Chinese investment. “If Chinese investors come to MP, then it would be a part of ‘Make in India’ initiative.”
GIS: Officials to allow participation of only serious investors
The state industry department has received overwhelming response for the Global Investors Summit (GIS) but officials are carefully screening registration forms as they can accommodate a little more than half of the registrations received so far.
“Registrations for GIS have crossed 5,500 while we have confirmed participation of 3,200 people. More than 2,500 people have registered for nine different sessions,” Audyogik Kendra Vikas Nigam (AKVN) Indore managing director Kumar Purushottam said.
The Trade and Investment Facilitation Corporation (Trifac) officials are also screening the online proposals received for “intention to invest” to ensure that only serious investors are short-listed.
Sources said while the government received thousands of registrations in previous years, the conversion rate was very low. The problem is that some people just visit to participate in the two-day event without any investment purpose.
“During the last GIS, many people had attended the event only to listen to Prime Minister Narendra Modi,” said an association office-bearer seeking anonymity.
This year, companies seeking participation must fill a form mentioning details including turnover, investments and future prospects.
The industry department officials go through the details based on that information and take a decision on whether to confirm the participation.
Senior officials from union government and CEOs are among the panelist for discussions during sessions. “More people have shown interest in “Make in India” session.
Union textile minister Smriti Irani will be one of the panellists for textile sector while other union ministers will also attend other sessions,” Purushottam said.
The GIS 2016 will be held on October 22-23. The number of participants during GIS 2014 had touched 5,000 resulting in the budget overshooting by 47% as against a participation of 700 people in the first GIS held in 2007.