New board to clear projects
WITH A view to woo investors and to demonstrate that ?MP means business?, Chief Minister Shivraj Singh Chouhan today announced a ?projects clearance and implementation board? to scrutinise and clear fresh investment proposals and projects worth minimum Rs 25 crore.india Updated: Mar 28, 2006 14:05 IST
WITH A view to woo investors and to demonstrate that ‘MP means business’, Chief Minister Shivraj Singh Chouhan today announced a ‘projects clearance and implementation board’ to scrutinise and clear fresh investment proposals and projects worth minimum Rs 25 crore.
He was addressing the MP Investors Meet at Hotel Noor-Us-Sabah palace here. On the occasion, the Chief Minister also felicitated 28 captains of industry for their contribution towards development of the State.
The MPSIDC, while felicitating 28 captains of the industry, through an audio-visual presentation provided details of the investments and proposals received. (Detailed report on Bhopal Live P-3)
Bharat Petroleum Corporation Limited Managing Director R B Singh, addressing the meet, said the long-pending Bina Refinery would have its first commissioning next month. “The 6-million metric ton production capacity refinery would be completed by 2009 and we have a Rs 6000 crore commitment,” he said.
The meet also gave a platform to industry representatives to air their views and suggestions for making MP - a favoured investment destination.
Chouhan also announced the formation of a cell for monitoring and follow-up exercise of investment projects. “We always speak of single-window system, which turns out into multiple windows due to red-tapism and finally prospective
investors run away,” remarked Chouhan.
To get rid of it, the State would now have ‘single table’ concept. It would enable investors and officials to talk and decide across the table, he said.
Chouhan said the board would be set up under the chairmanship of the Chief Secretary, who in turn, would directly report to the Chief Minister.
Other members in the board would be principal secretaries of finance, revenue, commercial tax, industries, housing and environment and the secretary to the Chief Minister.
The Chief Minister also announced that it would be mandatory for members of the board to meet on the first and third week of every month to discuss progress and sort out problems.
Reaffirming the State Government’s commitment to transforming Madhya Pradesh into an industrially advanced State in coming years, Singh said all facilities,
exemptions and relaxations would be ensured to investors under the provisions of the state’s Industrial Promotion Policy.
He said to expedite the process of industrialisation, a Cabinet sub-committee has also been constituted.
Chouhan pointed out that 12,000 km roads had been constructed and upgraded in the last two years and 40,000 km roads would be completed in next three years, along with increasing the power generation capacity. Later, the chief minister held detailed discussions with industrialists attending the meet.
Highlighting strength of the State, Commerce and Industries Minister Babulal Gaur in his welcome address said due to the peaceful environment, there had been no industrial strikes.
“We’ve comparatively cheaper and affordable labour and land, and power scenario has improved – a must to attract investments,” he mentioned.
He said that investment proposals of about Rs. 50,000 crore have been received. He assured that concessions provided to industrialists would continue even after introduction of Value-Added Tax (VAT) from April 1.
First Published: Mar 28, 2006 14:05 IST