Indore: Chief minister Kamal Nath on Friday said India is Incredible but Madhya Pradesh is credible. “We want to showcase you that Madhya Pradesh is credible, you can believe us, you can rely on us. We don’t want only walks the walks and talks the talks but (want) to walk the talk,” Nath said while addressing the inaugural function of Magnificent MP investors’ summit here on Friday. He also said being unorthodox and unconventional is the hallmark of his governance policy.
“I want to assure investors that there was never a better time to invest in Madhya Pradesh than today. If you can convince us that you will do good, bring prosperity to people and will generate more jobs for our people, I want to assure you that you will find us as responsive partners,” he added. He said Magnificent MP is not a jamboree or the show of MoU-signing spree or a fair.
“We have invited you to bring more jobs in the state and we are committed to take MP to the new level - from merely producing commodities like crops and minerals to producing goods and services,” he added. Nath said it’s the people of the state who make Magnificent Madhya Pradesh.
Talking about initiatives taken by government to create industrial-friendly environment, he said, “We have waived off loans of about 20 lakh farmers to inject money in rural economy as 70 per cent of state population is agriculture-dependent. We want to create demand and produce market for your products,” he added.
The chief minister also talked about right to water, land pooling policy for industries, separate discoms for industries, decreasing property guideline rates, launch of metro projects in Indore and Bhopal, and formation of Indore-Bhopal industrial corridor with satellite townships.
Laying emphasis on tourism, he said being the Tiger State of country, MP has become the Tiger State of the planet. Nath assured investors that the government is not only committed to boost new investments but also to nurture existing industries in the state.
Reliance to double up outlets, set up national distribution centre
Chairman of Reliance Industries Limited and India’s richest man Mukesh Ambani on Friday announced that Reliance will double up the number of stores and outlets in the state and will also establish a national distribution centre covering 100 million square feet of space in 45 locations.
His message was webcast during the inaugural function in which he said MP is not only country’s heart but also in the country’s heart. Reliance has invested over Rs 20,000 crore in the state during the last few years and has emerged as the second largest employer after state government. “We have developed coal bed methane plants and build the first and only gas pipeline that connects it with national gas grid. This has opened up multiple investment opportunities,” Ambani added.
Speaking about Jio, he said that it has become the greatest catalyst for transforming MP into a digital society. MP alone consumes more data than South Korea, the UK, France, Germany or Canada. He said that Madhya Pradesh is a natural choice for logistic hub as it connects half of the country.
“We will also explore investment opportunities in the renewable energy sector to promote sustainable development and the green economy,” Ambani said adding, “The company has over 600 stores and 100 petroleum retail outlets in the state. We will have more than double of these numbers in coming years. The new commerce initiatives of Reliance Retail will benefit tens of thousands of kirana stores and small merchants.”
Sun Pharma to expand its facilities in Dewas, Malanpur
Founder of Sun Pharmaceuticals Dilip Shanghvi announced to expand manufacturing facilities in Dewas and Malanpur. In his address at the inaugural function, he said company didn’t have a manufacturing unit in the state but after acquiring Ranbaxy, there are two units in Dewas and Malanpur. “We have invested close to Rs 500 crore in the state so far,” he added.
Shanghvi said pharmaceutical sector is well positioned in the state as it has good infrastructure and industrial-friendly policies.
“Power is most important component in our sector and if we can use renewable energy as a part of our energy cost, then it will be more efficient. I believe that as chief minister has overcome other issues, he will focus on this as well,” he remarked.
Mukesh Ambani: MP alone consumes more Jio digital data than South Korea, the UK, France, Germany or Canada. Madhya Pradesh is a natural choice for logistic hub as it connects half of the country
Dilip Shanghvi: Sun Pharmaceuticals to expand manufacturing facilities in Dewas and Malanpur
ITC to establish food processing plant in state: Chairman and Managing Director of ITC Sanjiv Puri announced setting up a new food processing unit for Rs 700 crore in the state. “With the encouragement by the chief minister and our earlier endeavours, we will establish the facility soon. Land is with us. Design work is going on and the facility will be started,” he said.
Puri also informed that along with producing all the famous brands, including ‘Ashirwad’ and ‘Bingo,’ the new facility would de-hydrate locally sourced vegetables and sent it across the country.
“ITC sources a large quantity of wheat from Madhya Pradesh, which produces among the finest qualities of the crop, such as ‘Sarbati.’ We are also working on enhancing the farmers’ realisation and will focus on strengthening the agriculture value chain and irrigation storage facilities. ITC also aims to encourage horticulture in the state,” he added.
Puri said that ITC has special relationship with MP and he will enhance the same in coming days.
India Cement to establish 2.5 million tonne cement plant and 1 million tonne grinding plant: Addressing the investors’ summit, MD of India Cements Limited N Srinivasan said that as the part of initial investment, they will establish a 2.5 million tonne cement plant and a 1 million tonne grinding plant soon.
“Along with establishing these plants, we also intend to expand them. In next 3-4 years, we will have cement plant and headquarters in the state,” he said.
The MD also added that he has not seen such dynamic leadership (Kamal Nath’s) in last 5 decades as he understand the issues quickly and take decisions immediately.
“I have only one issue here; I am unable to keep up with the state government’s pace in giving approvals and permission. I am under pressure to work and operate plants at the earliest,” he said in a lighter vein.
Srinivasan also said that MP has not lived up to its potentials given that it has all the natural wealth and facilities here. He appealed to other investors that he has come to MP and they too should follow him.
We have Rs 500 cr investments in pipeline: Jarrault
Managing Director of Lapp India, Mark Jarrault, said that the company has been working in various sectors and has presence in the state.
“We also have Rs 500 crore projects in pipeline and will soon expand our units here,” he said.
Jarrault also talked about the reason for his investment in the state.
“Along with good connectivity with other state and international airport, it also has stable water and power supply, high quality education institutes and ease of doing business. We look forward to strengthen our relationship in the state,” he added.
QUOTES
“ITC sources a large quantity of wheat from Madhya Pradesh, which produces among the finest qualities of the crop, such as ‘Sarbati.’”
- Chairman and Managing Director of ITC Sanjiv Puri
“I have only one issue here; I am unable to keep up with the state government’s pace in giving approvals and permissions. I am under pressure to work and operate plants at the earliest,” he said in a lighter vein.
- MD of India Cements Limited N Srinivasan
“Along with good connectivity with other state and international airport, it also has stable water and power supply, high quality education institutes and ease of doing business.”
- Managing Director of Lapp India, Mark Jarrault,
