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State could attract Rs 50,000 crore investment: Gaur

FORMER CHIEF Minister and State Industries and Commercial Taxes Minister Babulal Gaur said that the State is likely to attract investment worth Rs 50,000 crore following convention of foreign residents of Indian origin to be held in April this year in the State.

india Updated: Jan 15, 2006 20:37 IST

FORMER CHIEF Minister and State Industries and Commercial Taxes Minister Babulal Gaur said that the State is likely to attract investment worth Rs 50,000 crore following convention of foreign residents of Indian origin to be held in April this year in the State.

Talking to newspersons here today, he said that Government of India has already invested Rs 16,000 crore in Madhya Pradesh, which proves that the State is investor-friendly. When told that lack of proper infrastructure facilities was a major obstacle in Foreign Direct Investment, he said that development was a continuous process. “More importantly, MP is a peaceful state with zero labour strike.

Land and labour are cheap and we are offering several tax concessions. Good days are ahead,” he remarked. Gaur, however, confessed that the coordinated efforts of various departments are needed to implement State industrial policy. “There are few practical problems that we are sorting out,” he added and informed that industrialists apprised him of their problems and practical difficulties at Pithampur this morning.

He said that Crystal IT Park coming up at Indore would be the State’s largest information technology centre and would be completed within six months. When told that the Park has failed to attract companies, Gaur said that his Ministry would make efforts in this direction once it is complete.

But the Minister was quick to add that the State Government has yet to invite companies at Crystal Park.Deflecting queries on the number of industries that have closed at Pithampur, he said that he would examine the conditions for closure of industries there. This query was raised after the former Chief Minister commended the advancement made by certain diamond cutting, drugs and carding units at Pithampur that he visited today.

Responding to a query on VAT, he said that government would enforce it from April 1 if certain amendments were made. Gaur said that businessmen are free to approach Lokayukt they if have complaints against unauthorised recovery made under Form 88 provisions.

To another inquiry, Gaur informed that loan of Rs 600 crore remain to be recovered from local industrialists by MP State Industrial Development Corporation. He said that formation of three Special Economic Zones and amendment in State Excise Police were under consideration.


Gaur’s advice to Uma
FORMER MADHYA Pradesh Chief Minister Babulal Gaur today advised expelled BJP leader Uma Bharti to change her ‘disha (direction)’ and ‘dasha (condition)’ if she desired to return in the party. Gaur told reporters here today that Bharti would have to submit a request letter to BJP national president Rajnath Singh in case she wanted to return in the party. He said only Singh has the authority to decide on this matter.

On whether he had objections to her return, Gaur said he had no problem if the party wished to reinduct Bharti. He today extended best wishes to expelled BJP leader Uma Bharti for her endeavours. “Today is Makar Sankranti and I wish her all the best in whatever she does,” he said in response to a query on his archrival and her Ayodhya yatra.

When asked how he felt working as cabinet minister after being unseated from Chief Minister’s chair, he said that his responsibilities have increased. “As a Chief Minister I had distributed the work among the ministers whereas I only supervised. But as a minister, there is greater responsibility,” he remarked.

To a question that how does he rate Shivraj Singh Chouhan, Gaur said that he would prove to be a better chief minister than him.

First Published: Jan 15, 2006 20:37 IST