Madhya Pradesh Governor Rameshwar Thakur today said as many as 58 industrial units were in the process of making investments of Rs 1,28,000 crore in the state. Addressing the budget session of state assembly today, the governor said the state signed deals of Rs 2.44 lakh crore at the global investors’ summit held in Khajuraho on October 22-23 last year, while the government had taken steps to get Rs 1.28 lakh crore mega projects implemented in the state.
The governor also announced that the state government had set a target to generate 5,000 Mw power in the next three years. “A power policy has also been announced to promote private investment in the thermal power sector. As a result, 50 private power companies have signed deals with the state government. In addition, the state government has undertaken a feeder separation project of Rs 4,150 crore, this will ensure round the clock power supply in rural areas and eight-hour power supply for agricultural purposes. Further, the state government will continue with power subsidies to farm sector at Rs 1,440 crore per year to offer them cheaper power.
He also assured, those companies which will ensure 90 per cent jobs to the local populace will get additional investment promotion incentives for two years and exemptions in entry tax. Lauding the efforts of his government, the governor said Bharat Oman Refinery will soon start commercial production in Bina and Delhi Mumbai Industrial corridor is also under the implementation process. “So far more than 11,000 mini-, small- and medium-scale industries have been set up in the state this year and thus the state government has generated nearly 23,000 jobs,” he said.
On urban development plan, the governor appreciated the efforts made by the state government and said all the cities will have their development plan, state has readied development plan of 106 cities which also includes metro-rail project survey in Indore and Bhopal in association with Delhi Metro Rail Corporation.