The 3 day long Global Investors summit, Indore did come to standing well on MP government terms and strategies. The GIS- 2014, Indore aimed at showcasing the strength and industrial prowess of Madhya Pradesh and to provide a global platform to industrialists, stake holders, policy makers, heads of state and investors from across the country.
However there above all the major commitments so far “said” by the ruling industrialists of India, there happens to be an all over different picture of the Global Investors Meet. Indore HD brings to you the Good- the Bad- and the Real from the GIS-2014, Indore.
The Good
- 28 countries participated in this event with 9 partner countries- which happened to bring delegates in larger number than the previous time.
- Subhash Chandra, Chairman of Zee Entertainment Enterprises Limited, vows at spending Rs.750 crore to build any 5 cities in MP into smart cities.
- Reliance ADA Group chairman Anil Ambani Thursday committed Rs.60,000 crore investment in Madhya Pradesh over the next 15 years
- Tata Group chairman Cyrus Mistry said Tata Consultancy Services would expand its footprint in MP and a new integrated campus will be opened at Indore.
- “It’ll create 10,000 jobs for IT professionals. We’re also setting up a mechanic training centre in Bhopal and have signed an MoU with state government for growing high yield pulses and a processing and packaging facility for it in Vidisha,” Mistry said.
- ITC, with a major presence in the state’s farm sector, has planned to set up an eco-friendly paper industry in the state.
- Gautam Adani, chairman of Adani Group, announced an investment of 20,000 crore on setting up a grain storage facility.
- Welspun Group will invest ₹5,000 crore in renewable energy in the State, after they claim to have developed the largest solar plant of Asia nowhere but in Madhya Pradesh.
The Bad
- Unlike the GIS- 2012 where delegates were invited aiming at prompt signing of MoUs and yet left behind no efficient track record of how much of them really worked out, the 2014 summit did not focus on showing any MoUs signing between the investors and the government.
- Talking big about the connectivity of the state with concerned states around it, yet MP fails to successfully amend a good air connectivity within the state itself. Most business trafficked cities with the state- Indore, Bhopal and Jabalpur lack air connectivity to influence a strong business approach.
- Other than the billion of money invested in the conduction of the event itself, which does not occur to be equally fruitful, the building of instant infrastructure which is rather temporary, is another way how the government of MP has fell timid on effective costing.
- Instant and wide employments had been created to meet security, organisation and management during the conduct of GIS-2014, Indore, which happen to be standing on a loose stone, unless those indulged find themselves into a permanent job.
- The showcase of huge infrastructure, wide connectivity etc, is but a glitch.
The Real
Besides everything that occurs nothing less than a meagre presentation of hopes and expectations and not the actual summary to investments, there do reside few facts which have been additionally helpful in the name of actions.
- The 2014 Global Summit targeted mainly on convincing the investors from outside the state to develop a budding image of MP and look forward to invest more, which was successfully accomplished.
- TRIFAC- Which is the Single Window Secretariat for Investment Facilitation has permitted ‘in principle’ approvals to the investment proposals, having outlay of INR 250 million (US$ 5.5 million) and above
- The Single Window Secretariat System was turned to a “Single Door” Secretariat System granting even more ease for the investor to fund in directly in the state, attracting continuous inflow of investment in Madhya Pradesh.
- With an investment of around Rs 200 crore of investment, Madhya Pradesh is soon to welcome a residential campus of Symbiosis right with its borders.
- Taking in consideration the failure to meeting the policies of MP government by the people, a book named, Land Bank 2014, was launched. The book speaks about 26000 hectare lands reserved for industries, other amenities, and the policies acting within it.
- The 3 day summarized venture was on the roads since the beginning of the year and the governments had already held road shows in cities like Mumbai, Delhi, Pune, Bangaluru and Koimbatoor to seek their ties.
- To open up the basic fundamentals and policies of the government among the youth, every session made sure to speak on them in detail.
