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Madhya
Pradesh stands 3rd in India in attracting investments
Thursday March 24, 2011 11:30:13 AM,
Pervez Bari, ummid.com
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Bhopal: The Bharatiya Janata Party
ruled central Indian state of Madhya Pradesh occupies third place
in the country in attracting investment proposals.
According to an official Press release a report published in the
issue of January, 2011 of Centre for Monitoring Indian Economy (CMIE),
states that in the first 10 months of the current fiscal 2010-11,
Madhya Pradesh has received proposals of capital investment of
over Rs.`1 lakh crore. It has also been mentioned in the report
that investment friendly policies of the State have been
instrumental in facilitating inflow of capital investment in
Madhya Pradesh.
The Press release stated that Madhya Pradesh has registered an
investment to the tune of about Rs.`16,600 crore till the
financial year ending on March 31, 2011. This capital investment
includes that of Bharat Oman Refinery, which came up at Bina in
Sagar district involving huge investment of Rs. 12,200 crore.
Moreover, this industrial capital investment is the maximum in a
single financial year ever since the State of Madhya Pradesh came
into existence.
Further, the data of available suitable Government land in all the
districts of the State has been compiled in order to promote
capital investment in Madhya Pradesh. Government land measuring
22,506.737 hectare has been earmarked in 45 districts of the State
which is being maintained as land bank. The land earmarked is
being provided to the investors as per their requirements who are
intending to launch their ventures in the State.
In Madhya Pradesh, 12 new industrial areas have been developed
during the current financial year 2010-11. To facilitate
establishment of new industrial area in 16 villages of 12
districts, Government land measuring 1344.410 hectare has been
transferred by the Revenue Department to the Industries
Department. This land is being allotted to the investors as per
their requirements.
During the period between 2008-09 and 2010-11, new land measuring
2,639 hectare has been acquired for industries in order to make
available the infrastructural facilities in all the AKVN areas of
the State. Funds to the tune of Rs. 163.46 crore were spent on
development of infrastructure in these areas during the period
under report, the release added.
(pervezbari@eth.net)
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