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State rolls out red carpet to investors

CHIEF MINISTER Shivraj Singh Chouhan seemed quite upbeat here on Monday during the dinner at Hotel Holiday Inn along with investors and NRIs.

india Updated: Jan 16, 2007 02:37 IST

CHIEF MINISTER Shivraj Singh Chouhan seemed quite upbeat here on Monday during the dinner at Hotel Holiday Inn along with investors and NRIs.

The investors are here for the two-day ‘Investors’ Meet’ in response to his invitation in New Delhi during the Pravasi Bharatiya Diwas to visit Khajuraho.

With the forthcoming “Destination Madhya Pradesh – Global Investors’ Summit’ in October in view, a smiling Chouhan could be seen networking with the investors and welcoming them with his gesture to keep his words “I speak from my heart and it touches the heart of the listener (read investor)” – that he had repeated during the course of his speech in Delhi.

Speaking to a group of media persons during his networking session, Chouhan spelt the State’s USP – “No red tape henceforth and it would be red-carpet welcoming to any investor”.

Enumerating the strengths of the State and his government, Chouhan said it is our rich natural resources, central location, logistically appropriate, peaceful atmosphere - with no loss in man-days and government’s commitment to provide round-the-clock quality power. “But, it’s our decision to implement single-table concept instead of single-window in our industrial policy which would prove instrumental in finally setting up of industries hassle-free,” he reminded.

It was Chouhan, who during an investors’ meet at Bhopal in 2005, coined the term ‘Single-table’ replacing ‘Single-window’, so that prospective investors could have one-on-one dialogues across the table with officials.

Before, the Khajuraho meet officially takes off on Tuesday, Chouhan shared some important decisions taken by him. “Instead of just providing land to investors, on Sunday only we decided to create sector wise hubs at different places across the State and as per the requirement of an investor, we would allot land in the hub,” he mentioned.

The state government is likely to complete hub-identifying exercise within two months vis-à-vis preparing action plan for districts based on existing potentials.

“So that the right kind of industry could come in a district – be it a big one or SSI, which in turn would generate local employment and entrepreneurship,” asserted Chouhan.

To make investors sure about the State government’s intentions, the CM said the government has set up an NRI facilitation centre and he would be open to meeting NRI investors personally every Monday between 6 to 7 pm. However, Chouhan didn’t fail to say that due to paucity of accommodation, the registration of participants had to be stopped.

“We’re realistic in our approach, as it’s the first step to a big investment league through ‘Destination MP’ exercise and we’re not jumping to any conclusion right now,” mentioned Commerce& Industry, principal secretary, OP Rawat.

He said the investors, who have come to Khajuraho basically want good governance, hassle-free functioning and sympathetic attitude of the government towards them.

“Whereas, our aim is to extend a handholding support to them, give them a patient hearing and of course, showcasing our cost-advantage part would be prime,” added Rawat.

“There’s going to be signing of 10 memoranda of understanding in the power sector alone, which would definitely be a big achievement,” told Energy Secretary, Sanjay Bandopadhyay to Hindustan Times.

An NRI investor from Las Vegas, Max Manjit Mohan – representing Pacific Century Group termed the exercise of the State government to be “terrific & enthusiastic”. “If the government carries this spirit and goes for a regular follow-up seriously, things would definitely work,” he added.

First Published: Jan 16, 2007 02:37 IST