Ahead of investors summit in Madhya Pradesh, Chief Minister Shivraj Singh Chouhan today said proposals worth over Rs 2.78 lakh crore are at different stages of implementation.
The two-day Global Investors Summit (GIS) at Indore aims to showcase the strengths and industrial prowess of the state, and provide a platform for interaction with Indian industry leaders, policy makers, investors and other stakeholders.
"Investment proposals worth over Rs 2.78 lakh crore are already in different stages of implementation after GIS-2014," the Chief Minister said in an interview to PTI.
Chouhan said he would be giving details of preceding four biennial summits at Indore.
In the 5th edition of the GIS, the UK, the US, Singapore, South Korea and UAE are partner countries.
Total 6,819 people had registered for participation but we could accommodate only 4,695 of them, Chouhan said.
As many as 260 investor representatives from 37 countries are participating in this GIS. Besides, 368 Guests of Honour have consented to attend it.
Investment proposals worth USD 66 billion were received at the 4th GIS in 2014.
Expecting a good response from the summit, Chouhan said the state grants 84 types of approvals online through single window system.
"Now we have moved forward from single window to single table. Under it the ministers, investors and myself sit together and after discussing the investors' problems solve them in one go," the Chief Minister said.
On problems related to land allotment, he said the state has taken a very concrete arrangement for hassle-free land allotment to the investors.
"We have created a land bank vesting 1.20 lakh acre land for industrial purpose. Of this, 25,000 acre is developed and about 7 thousand acre is under development," he said, adding that about 15,000 acre developed land is readily available for industrialists which they can obtain by booking online.
To ensure availability of land at reasonable rates, the state government has decided to bear expenditure on external infrastructure in industrial area and to provide 40 per cent of expenditure on internal development by way of grant.
Chouhan further said his government has implemented sector wise policies and taken special care that the processes and procedures are very simple to attract investments.
He also informed that State Tourism Policy-2016 has been implemented and 9 thousand hectare reserved for tourism projects. The policy provides for a number of fiscal incentives in tourism sector.
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