 "We will not fall short of investors' expectations: Yashodhara Raje Scindia")
To make Madhya Pradesh a preferred investment destination in India, a three-day Global Investors Summit began at Indore on Wednesday. State Commerce and Industry Minister Yashodhara Raje Scindia spoke to Shashikant Trivedi about the government's initiatives and the meet's agenda. Edited excerpts:
This is the fourth edition of the Global Investors Summit. How is it different from the previous ones?
We are not signing any memorandums of understanding (MoUs) with any investor, which had happened in the earlier summits. Instead, we are focusing on initiating a dialogue with potential investors and with those who had made untiring efforts to bring their investment into fruition during the past decade.
We are expecting them to make further investment in the state. Our agenda is also to iron out those issues, which might have come up through redundant processes, if any.
Does it mean you are going to change policies and laws?
We have already introduced an amended investment promotion policy; we have recently proposed to amend our labour laws. It is a transition time for the global economy and we think this is an opportune time when we can send a message to the global community that we believe in a collective approach to combat any adverse economic conditions.
The summit will not only provide a platform for our government to initiate dialogues with new investors but also pave way to invite people from across the globe. We will see if we can be a medium for betterment of world economy. Changing a policy or amendment of rules in modern times is a positive approach on the part of our government.
Procedural delays drive away investors from the state.
If you speak to those serious investors, who have made endless efforts to bring in their projects out of the drawing board, you will see you have formed a wrong notion. Our government is pro-active, aggressive and positive. It delivers what is promised and what is expected (of it). We are going to make a promise to our guests: Our performance will not fall short of their expectations.
This is the fourth edition of the Global Investors Summit. How is it different from the previous ones?
We are not signing any memorandums of understanding (MoUs) with any investor, which had happened in the earlier summits. Instead, we are focusing on initiating a dialogue with potential investors and with those who had made untiring efforts to bring their investment into fruition during the past decade.
We are expecting them to make further investment in the state. Our agenda is also to iron out those issues, which might have come up through redundant processes, if any.
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Does it mean you are going to change policies and laws?
We have already introduced an amended investment promotion policy; we have recently proposed to amend our labour laws. It is a transition time for the global economy and we think this is an opportune time when we can send a message to the global community that we believe in a collective approach to combat any adverse economic conditions.
The summit will not only provide a platform for our government to initiate dialogues with new investors but also pave way to invite people from across the globe. We will see if we can be a medium for betterment of world economy. Changing a policy or amendment of rules in modern times is a positive approach on the part of our government.
Procedural delays drive away investors from the state.
If you speak to those serious investors, who have made endless efforts to bring in their projects out of the drawing board, you will see you have formed a wrong notion. Our government is pro-active, aggressive and positive. It delivers what is promised and what is expected (of it). We are going to make a promise to our guests: Our performance will not fall short of their expectations.