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By a correspondent
Focus on small, medium industry, CM tells summit
Posted: Monday, 29 Oct 2012 at 2:52 PM
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INDORE

INDORE: Disappointed with the response from biggies in previous investor summits, chief minister Shivraj S. Chouhan flung open the doors of industrial investment to minor small medium enterprises (MSMs) at the three-day global investors’ meet which began at Indore on Sunday. 

Around 113 MoUs worth Rs 670 crore were signed between the state government and the MSMEs on the first day. Expressions of interest ((EOI) worth over  Rs 1,128 crore, expected to generate more than 22,000 jobs, were also received.  

Cynics, however, could not resist the temptation to snigger at the figures.  With barely 25 per cent of the 411 MoUs signed having actually fructified till date, how many of the EOIs would transmute into MoUs was anybody’s guess. The CM, on his part, was determined to closely examine each MoU before signing on the dotted line this once. 

Many attendees wondered why MNCs like Bridgestone, John Deere, and LanXess who were actually operating out of Madhya Pradesh repeatedly failed to send their top honchos. Even companies like HEG and the Oswal group who have a long standing bond with the state have been notable for their absence from successive industrial summits. 

Mr Chouhan announced a slew of incentives for MSMEs, chief among them being the abolition of export tax levies by civic bodies, reservation of land, and 24-hour supply from 2013 onward. There will be a unified policy rather than one which varies according to region. “All MSMEs will get ‘C’ class facility”. Big industries would not be allowed to come up at the cost of the small and medium. The focus would be on developing industries in rural areas.

The state, said the CM, had a 20,000 hectare land bank, and 27 industrial areas would be developed in the coming months. 

The state, said the CM, had a 20,000 hectare land bank, and 27 industrial areas would be developed in the coming months. 

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