Oct 23, 2016

Madhya Pradesh heading towards becoming an industrial state: FM Arun Jaitley



Finance Minister Arun Jaitley said Madhya Pradesh has moved from being a BIMARU (Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh) state 13 years ago to an economic industrial centre.

Heaping lavish praise on Madhya Pradesh Chief Minister Shivraj Singh Chouhan for ensuring what he termed as Madhya Pradesh's exit from the BIMARU stigma, Union Finance MinisterArun Jaitley today while inaugurating the two-day Global Investors Summit (GIS) 2016 being organised by the Madhya Pradesh government at the Brilliant Convention Centre said that the event would prove to be a milestone in the industrialisation process of the state.
Version 5 of the GIS had yoga guru Baba Ramdev as a guest who did not let go of the opportunity to ask those present to turn India into a manufacturing hub as against importing stuff. He said that India imports a lot from China when there was no reason that those goods cannot be made locally. He said that he was getting into the textile business and would manufacture besides kurtas and jeans, even coats and langots(innerwear). GIS 2016 has 5 partner countries namely Britain, Singapore, UAE, Japan and South Korea.

The FM said that he had been coming to Madhya Pradesh for many years but his involvement with the state deepened after he was appointed election incharge ahead of the 2003 polls. He said that the state then did not have roads, power or water which were the planks on which the polls were fought. The FM added that Madhya Pradesh has developed on all these counts shedding the BIMARU tag in the process.

The Minister said that once GST is implemented across the country, the locational disadvantage that Madhya Pradesh had at the time of formation of states would turn into an advantage as it will help it emerge as a logistics hub in a unified tax regime.

Union IT and Electronics Minister Ravishankar Prasad said that MP is an example of comprehensive development with agriculture, industry and commerce all showing upward trends.

CM Shivraj Singh Chouhan said that MP has come a long way even after 2007 when the first GIS was held. "People did not want to attend the GIS and when I went abroad to solicit investment, people did not know about Madhya Pradesh. All this has changed with the government now having to refuse participation on grounds of limited space," he said.

The CM said that MP has surplus power for industries, lower priced than other states, has a single table clearance system for projects instead of a single window system and above all has him. He said that since the previous GIS in 2014, investments worth Rs 2,75,000 crore have arrived in the state of which work on projects worth Rs 50,590 crore has already begun.

Earlier, Captains of Industry namely Kumarmangalam Birla, Shashi Ruia, Arun Bharat Ram, Gopichand Hinduja, Anil Ambani, Rajendra Gupta of Trident Group, CEO P&G Al Rajwani, CII President Naushad Forbes also praised the CM for his earthy appeal and humility. Baba Ramdeo was also present on the occasion and promised to invest Rs 10,000 crore in MP besides also creating 10,000 jobs.

Delegates from four countries were present besides Ambassadors and Trade Ministers of Britain, UAE, Singapore, Japan and South Korea, all of whom spoke at the inaugural address.
Source - India Today