MP set to roll out red carpet for investors at GIS 14

Madhya Pradesh is set to welcome investors from India and abroad with a bank of 20,000 hectares of dispute-free land and other sops as it aims to become the country's investment hub, Chief Minister Shivraj Singh Chouhan said here.
Ahead of the Global Investor Summit, slated from October 8-10 in the state, Chouhan said a slew of initiatives by Prime Minister Narendra Modi have build up investor confidence and investments are likely to be higher compared to Rs 2 lakh crore committed at the previous summit.
"We have invited the PM to inaugurate the GIS 2014. During the last summit, MoUs for investments to the tune of Rs 2 lakh crore were made out of which Rs 1.15 lakh crore has already been translated... We expect a better response this time," Chohan said addressing the media here.

He added: "We have created a bank of 20,000 hectares of dispute-free land, build 1 lakh km of new roads and plan to augment power generation capacity to 18,000 MW by 2017 from 14,000 MW at present. We will provide single window facility to investors in a state where there is no law and order problem."
MP is a power-surplus state and already supplying power to Delhi, Bihar and other states, he said, adding that it has plans to set up 2,500 MW solar and windpower plants this year.
Underlining state's ability to boost investor confidence, he said MP recorded GSDP at 11 per cent between FY'11 and FY'14 and has invested Rs 87,000 crore in infrastructure in the last five years.

Agriculture growth was recorded at 25 per cent during 2013-14, one of the highest in world, he said, adding that 27.5 lakh hectares areas was under irrigation.

Considered as food bowl of India, the state is number one foodgrain producer, he added.
Chouhan said state government has initiated a scheme to provide hassle-free loans from Rs 10 lakh to Rs 1 crore to the youth, besides making the industrial policy that is investor friendly and taking various initiatives to boost investment like Public Service Guarantee Act.
He said many global companies like John Deer, Volvo, Rio Tinto are going to participate in the event.

Later, on the sidelines of a CII event, Chouhan said the state was not opposed to the Goods and Services Tax but has sought centre's help to compensate the revenue losses.