MP to invest Rs 3,000 crore to develop 27 industrial parks: CM

The Madhya Pradesh government plans to develop 27 new industrial parks for sectors like textiles, infotech tourism, and food processing among others at an investment of Rs 3,000 crore in a phased manner over the next five years.
"We will be developing 27 new industrial parts involving an investment of around Rs 3,000 crore in a phased manner over the next five years," Madhya Pradesh Chief minister Shivraj Singh Chouhan told PTI on the sidelines of the CII national convention here today.
He said to develop industries in the state, his government has already identified a 25,600-hectare land bank.
His government has already drafted policies for these sectors, he said, adding that it had has also changed policies to expedite industrial development in the state. One of the major initiatives in this area is a single-window clearance for projects, he said.

On the forthcoming three-day Global Investors' Summit scheduled for early next month, Chouhan said he expects participation from 28 countries and all the big domestic industrial houses. The summit is scheduled to begin in Indore on October 8 and end on October 10.
"So far, we have got consent from 28 countries for participation at the summit. Moreover, almost all big industrialists from across the country are also attending the event," he said.

Madhya Pradesh had held such summits in 2012 in which MoUs worth Rs 2,06,000 had been signed.
"We had signed MoUs worth Rs 2,06,000 crore during the last summit held in 2012 and so far we have received investment of Rs 1,50,000 crore. We have not set any target in terms of number of MoUs for this year," Chouhan said.

Speaking about Prime Minister Narendra Modi's 'Digital India' plan, he said that his administration would implement it in letter and spirit. "We have already started working on a Digital Madhya Pradesh plan," he said.
"We have changed various norms. For example, we have made provisions for value added tax (VAT) refund of up to 75 per cent, with immediate effect. Earlier, this used to take up to three years. The remaining 25 per cent amount will be refunded after proper assessment," he said.