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27th Muharram 1436 | Saturday, Nov 22, 2014
India

113 MoUs worth Rs. 670 cr. signed on 1st day of Global Investors Summit at Indore

Monday, 29 October 2012
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Indore, October 29:

(Pervez Bari): On the inaugural day of the third Global Investors Summit 113 Memorandum of Understandings, (MoUs), worth Rs.670 crore were signed between the Madhya Pradesh Government and Minor, Small & Medium Enterprises, (MSMEs), while 107 Expressions of Interest, (EOI), worth Rs.1128 crore were received here on Sunday. About 6,000 persons will get jobs in these industries.

The Bharatiya Janata Party, (BJP), ruled Madhya Pradesh Chief Minister Mr. Shivraj Singh Chouhan in a bid to encourage micro, small and medium industries in the new industrial areas to be developed in the state announced a slew of incentives for them including abolition of Export Tax and reservation of land.

Meanwhile, representatives of foreign companies interested to invest in Madhya Pradesh held one-to-one meetings with Chief Minister Mr. Chouhan and discussed their proposals with him. Delegates from Canada, Oman and Quebec met the Chief Minister on the first day.

Chief Minister Mr. Chouhan addressing the inaugural session said that small entrepreneurs should contribute to Madhya Pradesh’s progress with best of their capacity. New entrepreneurs of every village should come forward. A loan guarantee scheme will be announced at Yuva Panchayat to be held soon. Facilities at par with Class-C districts will be made available to small industries to be set up in every district. The upper limit of special subsidy on establishment of industries in thrust sectors has now been increased to Rs.30 lakh. A land bank of 20,000 hectares has been developed for industries. Now, land is also being reserved for industries in Chambal ravines.

Mr. Chouhan said as many as 27 new industrial areas are being developed in the state at a cost of Rs. 3,000 crore. A provision of Rs. 10 crore has been made for making available information about latest techniques to small industries with a view to improving quality of their products in this era of competition. Under vendors development programme, Rs. 10 crore assistance will be provided to 500 small and medium industries. Power will be supplied uninterruptedly for 24 hours to industries in rural areas. He informed that reverse buyer-seller meets will be held at Gwalior and Bhopal. Benefit of feeder separation will be extended to small and cottage industries.

He said that small entrepreneurs’ role is important in the state’s development. Global Investors Summit is a concrete initiative for the state’s prosperity. Our vision is global, but we will not let local interest to be ignored. He said that small and medium industries have played an important role in achievement of 12 per cent growth rate by Madhya Pradesh. He exhorted them to work towards the state’s development with best of their abilities. He said that our vision is “production by people” and not “production for people”. He said that the best policies for industries in the country are available in Madhya Pradesh.

Industries Minister Mr. Kailash Vijaywargiya said that micro, small and medium industries have important role in the state’s economy. These industries generate less pollution and more jobs. He said that Madhya Pradesh’s industrial growth rate is 8 per cent as compared to national growth rate of 5 per cent. He said that earlier, Madhya Pradesh was unknown to world except for a little negative identity due to gas tragedy. Now, the situation is quite different. Madhya Pradesh is now known as the one of the fastest growing and politically most stable states in the country and world. Madhya Pradesh is the only state where industries are supplied power for 24 hours.

Central Information Commissioner Mr. Satyanand Mishra said that development of micro, small and medium industries will accelerate the pace of Madhya Pradesh’s development. Referring to establishment of big industries in Chhattisgarh and Jharkhand, he said that economic development of human resources is not ensured only through big industries. Small industries are also necessary for development. Big industries are established at high cost and generate less employment whereas small industries are set up at low cost and create more jobs. He stressed the need for large-scale training programme for preparing skilled manpower for industries.

Unprecedented work by Chouhan for small industries

Federation of Indian Industries’ Madhya Pradesh State Council Chairman Mr. R.S. Goswami described special session for micro, small and medium industries as a historic step. He said that the State Government has done an unprecedented work by promoting micro, small and medium industries. He said that nowadays power is being made available to industries round-the-clock in the state. Financial institutions’ trust has been increased and credit facilities have been improved. Besides, conducive atmosphere for small industries has also been created. About 5 thousand sick industries have been revived. Facilities provided to micro and small industries have been increased 15 times more.

Laghu Udyog Nigam to insure weavers and artisans

Madhya Pradesh Laghu Udyog Nigam Chairman Mr. Akhand Pratap Singh said that the corporation will transact Rs.1,000 crore business this year with the cooperation of micro, small and medium industries. He said that coming years micro, small and medium industries will turn out to be a milestone in the states development. Presently, business worth Rs.550 crore per annum is being transacted with micro, small and medium industries. Its quantum will be increased. Besides, suitable forum for trade of micro, small and medium industries’ products is also being made available. The corporation is insuring 15 thousand weavers and artisans.

Meanwhile, special publications were also released on the occasion including “111 Best micro, small and medium industries”, guideline booklet of Madhya Pradesh Trade Authority and guide to industries, “district-wise industrial scenario and district-wise availability of land”.

Mr. Chouhan also released publication of MP Global Foundation, a network of Madhya Pradesh’s entrepreneurs running industries in the country and abroad. (pervezbari@eth.net)

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