| "The firm has shown interest in setting up the unit with a production capacity of 144,000 tonnes of steel wire and 9,600 tonnes of plastic products with Rs 42 crore," said a government official, adding, "the apex empowered committee on investment will decide on concessions the firm has asked for." |
| The firm has asked for concessions pertaining to entry tax exemptions on raw material, and mandi tax and concessions on power for 10 years, said the source. The firm, according to the source, will create 490 direct jobs through this investment. |
| Ratlam, which is situated in the north-west part of the state, known as the Malwa region, is known for its copper wire units and plastic ropes, chemical and pharmaceutical factories of JVL, Hightech, IPCA, Shaba Chemicals, Bordiya Chemicals, Sujjan Chemicals, etc. The apex committee will only meet after elections in Budni (Vidisha constituency) since the chief minister is one of the candidates there. |
| "The apex committee will decide on concessions provided the projects can create jobs and contribute by way of taxes to the exchequer," said an official. |
| The committee is non-committal on concessions and sops in some cases since a negative list of products (for manufacturing) is yet to published. |
| "The decision on concessions to an industry, which is going to manufacture steel wires and plastic products will hinge upon the consensus of the newly created investment promotion board members. There are six members on the board," said the source adding, "the state chief minister monitors the board and the chief secretary of the state is head of the board. The board has yet to convene its first meeting." |
| In a recently organized investors meet the state chief minister Mr Shivraj Singh had a one-on-one discussion with industrialist. He had assured all investors in the state to get overall support from the state government. |
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