Make In India Week is 'show off' event: Congress

Mumbai Congress president Sanjay Nirupam  dubbed the 'Make In India Week' as "show off" organised by the BJP to cover its failures at the Centre and the state.

"Make In India is nothing but a tool of land grabbing for the industrialists and BJP is repeating 'Vibrant Gujarat' model, which completely failed to realise the MoUs signed during (Narendra) Modiji's tenure as the Gujarat chief minister. Make In India Week is a 'tamasha'," Nirupam told a press conference here.

Quoting figures obtained 'Make In India' website and from various ministries, he said, "Modiji gave 12 crore sq mt land at throw away prices to industrialists during Vibrant Gujarat days and now state government is on the same path."

Nirupam alleged that of the total MoUs signed during Vibrant Gujarat period, only 3% of it went through realisation.

"During the ongoing event, our chief minister made us fool by saying it (Make In India Week) has been a big hit, whereas the truth is, most of the MoUs were already signed two to five months back and the government is saying that it has re-negotiated and actualised it in this Make In India Week," he claimed.

Nirupam said the "intolerance issue" was the prime reason why government has failed to woo foreign investors.

"This government has miserably failed to attract FDI, despite Prime Minister's foreign trips. There is no conducive environment in the country," he said.

Alleging that the Modi-led government has squandered the momentum created by former UPA regime, Nirupam said, "Ever since the Modi government has taken over, India's Ease of Doing Business Ranking slipped from 132 to 134 in the first year of NDA government.

Availability of Credit Ranking has gone down to 36 to 42 this year, the cumulative exports has declined by 17.65% to USD 217.67 billion in April-January period of the current fiscal as against USD 264.32 billion during the period same in 2014-15."

The leader claimed that state government is signing deals with companies, which have already turned bankrupt and cited an example of Vedanta Resources.

"See the case of MoU signed with Vedanta Resources. The company lost USD 3.7 billion and had a debt of 16 billion dollars, or roughly three times of BMC budget, I am asking to the chief minister, how come this company can invest Rs 60,000 crore in India?" he asked.