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11:18 am - Friday January 20, 2017

113 MoUs worth Rs 670cr signed on first day of Global Investors summit

By Our Staff Reporter
Indore, Oct 28
Madhya Pradesh Chief Minister Shivraj Singh Chouhan today said land for micro, small and medium enterprises will be reserved in the upcoming industrial areas of the state.

“A land bank of 20,000 hectare has been developed for industries. Now, land is also being reserved for industries in the Chambal ravines. As many as 27 industrial areas are being developed in the state at a cost of Rs 3,000 crore,” the Chief Minister, while addressing a conference on micro, small and medium industries on the inaugural day of the Global Investors Summit here, said.
Mr Chouhan said MoU worth Rs 670 crore were inked on the first day of the three-day Summit and about 6,000 persons will get jobs in these industries.

“Export tax has been abolished,” he said A loan guarantee scheme will be announced at a Yuva Panchayat to be conducted soon. Facilities at par with Class-C districts will be made available to small industries to be set up in every district, he added.
The upper limit of special subsidy on establishment of industries in thrust sectors has been increased to Rs 30 lakh.
A provision of Rs 10 crore has been made for making available information about latest techniques to small industries with a view to improve quality of their products. Under the vendors’ development programme, Rs 10 crore assistance will be provided to 500 small and medium industries, Mr Chouhan said.

“Power will be supplied uninterruptedly to industries in rural areas. Reverse buyer-seller meets will be held at Gwalior and Bhopal. Benefit of feeder separation will be extended to small and cottage industries,” he added.

Industries Minister Kailash Vijaywargiya said micro, small and medium industries generates less pollution and more jobs adding conferences of such industries will be organised at division-level where steps will be initiated to redress their problems.

“Major industries are established at high cost whereas small industries are set up at low cost and create more jobs. There is a need for a large-scale training programme for preparing skilled manpower for industries,” he said.

Federation of Indian Industries’ Madhya Pradesh State Council Chairman RS Goswami said,”About 5,000 sick industrial units have been revived in the state.” Madhya Pradesh Laghu Udyog Nigam Chairman Akhand Pratap Singh said the Corporation will transact Rs 1,000 crore business this year from its current level of Rs 550 crore annually.

Posted in: Bhopal, Madhya Pradesh

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