By\nPervez Bari\n\n\n\nIndore: Stage is all set for the Magnificent Madhya Pradesh Investors Summit 2019 to be hosted here at Indore, the commercial capital of the state, on October 18, 2019.\n\n\n\nThe\nMadhya Pradesh Government is working on securing investments worth Rs.50, 000\ncrore from top corporates of the country, sources claimed.\n\n\n\nA\nwhopping sum of Rs 30,000 crore has been invested after Congress party came to\npower in the state. The state government has entered into contract with Ralson\nTyres, HEG, India Cements, Jaideep Pharma, Sadguru Pharma and other companies.\nThese companies have been given relaxations by Cabinet Committee of Investment\nPromotion. Some of these companies will start working in the coming months.\n\n\n\nForeign\ninvestment proposals\n\n\n\nMeanwhile,\nforeign investment proposals worth Rs. 4385 crore are in the process of\nconsideration\/final stage in Madhya Pradesh. These foreign investment proposals\ninclude proposal worth Rs. 1250 crore of Avgol Company, Rs. 258 crore of Treva\nPharma of Israel, Rs. 400 crore of Bridgestone of Japan, Rs. 1000 crore of\nStatkraft of Norway, Rs. 375 crore of Parpharma of USA, Rs.162 crore of Case\nNew Holland and Rs. 90 crore of Teneco Automotive and Rs. 500 crore for\nexpansion of P&G USA.\n\n\n\nChief\nMinister Kamal Nath has said that my priority is to give Madhya Pradesh a\ndirection and vision that benefits every section of the state. He said that\nthere is no dearth of resources in the state, the need is how to utilise them\nin building a \u2018Magnificent Madhya Pradesh\u2019. In the last ten months, we have made\nit clear with our intentions and policy in this direction that our goal is only\ndevelopment in which farmers get their price and the youth get work. Kamal Nath\nwas addressing the Business Leaders Madhya Pradesh Felicitation Ceremony\norganized by a private channel last night. On this occasion, Public Relations\nMinister P. C. Sharma was present.\n\n\n\nImmense forest & mineral wealth in MP\n\n\n\nThe\nChief Minister said that Madhya Pradesh has immense forest and mineral wealth.\nSeventy percent of the state's population is dependent on agriculture. It is\nour priority to strengthen agriculture sector and to increase the farmers\u2019\nincome. We have reduced the burden of farmers through loan waiver. Now the\nbiggest challenge before us is how to use surplus production so that the\nfarmers get benefits. We are trying to build a bridge between agriculture and\nindustry sector. Through the food processing units, the excess production of\nfarmers will be utilised. He said that the meaning of GDP for us is that\neconomic activities should increase in Madhya Pradesh. With this we will be\nable to increase people's purchasing power and this will also provide\nemployment to people.\n\n\n\nThe\nChief Minister said that our next step would be to strengthen the 'delivery\nsystem' of our welfare schemes. He said that at present, many government\nwelfare schemes are going on, but due to poor implementation system, the\nbenefits are not reaching the needy.\n\n\n\nOn\nrecession in the country, the Chief Minister said that for this, we will have\nto bring comprehensive reforms in economic policies and make a system so that\npeople get help without any difficulty. Kamal Nath said that at present the\ndecisions taken in the wrong direction, including GST, have weakened our\neconomy.\n\n\n\nGroup\nEditorial Director Raj Chengappa said that Madhya Pradesh is a fortunate state\nfor having got a commander like Kamal Nath. This is important because today the\nstates of the country have to maintain the pace of development in this phase of\nrecession. Kamal Nath is the most capable person to meet this challenge. He\nsaid that in the last ten months of his tenure as Chief Minister, he has carved\nout an image of a skilled administrator, a working person and a person who\nachieves the goal. There is no difference between his words and actions. He believes\nthat investment in Madhya Pradesh will come on trust, it cannot be begged. His\nexperience will definitely take Madhya Pradesh to great heights.\n\n\n\nOn\nthe occasion Chief Minister Kamal Nath\nfelicitated nine notable industrialists associated with industries including\nmanufacturing, service, export and other services in Madhya Pradesh at the\nBusiness Leaders Felicitation \\Ceremony. Chairman and Chief Editor of India\nToday Group,\n\n\n\nMeanwhile, this time round no memorandum of understanding, (MoU), or letter of intent will be signed during the meet unlike in the past global investors\u2019 summit during the BJP rule. The government will just hold talks regarding investments during the event. Industrialists who have either invested or shown interest in Madhya Pradesh have been invited for the Magnificent MP. So far, 125 industrialists, including Mukesh Ambani, Adi Godrej and Kumar Mangalam Birla, have given nod for participation.\n\n\n\nImplementing Telangana model \n\n\n\nThe Kamal Nath government is rolling out big ticket reforms that could prove a turning point in the mission to energise the industrial sector in Madhya Pradesh.Amid preparations on a war footing for his first investors\u2019 summit, CM Nath had asked bureaucrats to explore the feasibility of implementing the Telangana model of single-window clearance to attract investors. A key feature in the plan is that companies will get all the necessary approvals within 15 days of application, failing which clearance will be \u201cdeemed conferred\u201d with self-certification from the enterprises, say sources. \n\n\n\nThe\nTelangana State Industrial Project Approval and Self-Certification System\n(TS-iPASS), which was launched in 2016, has catapulted Telangana into a league\nof states that attracts mega projects. Going by official records, nearly 9,000\nprojects with a total investment of Rs 1.4 lakh crore had been approved and 2.7\nlakh people got jobs by 2018.\n\n\n\n\u201cTS-iPSSS\nhas certainly improved business environment in Telangana. The government there\nis now trying to improve infrastructure at all District Industries Centres\n(DICs). Madhya Pradesh is mulling a similar model to give a fillip to\ninvestment and employment,\u201d said an officer privy to the government\u2019s new\npolicy plan. Bureaucrats in MP have also been asked to study the Rajasthan\nInvestment Promotion Scheme (RIPS).\n\n\n\nMeanwhile,\nat the Global Investor Summit 2016, Chouhan had claimed investments worth `5.62\nlakh crore had been received from 2,630 entities. Three years later, majority\nof them have not fructified. Between 2007 and 2014, four investor summits were\nheld in which 2,357 MoUs were signed. Out of these 1,728 were implemented while\n537 were cancelled. Kamal Nath is treating the subject slightly differently. He\nhas always maintained that investment is an article of faith.\n\n\n\nThe\nindustrialists who have confirmed their participation include N Srinivasan of\nIndia Cement, Praveen Agrawal, managing director of Ad Manum Packaging Limited,\nVir S Advani, vice-chairman of Blue Star Limited, Ashwini Arora, CMD of Dawat\nfoods, Ganesh Krishnamurthy, head corporate affairs Hindustan Unilever Limited,\nBB Gupta of JBM Auto Limited, Sanjeev Puri, CMD of ITC Limited, Gautam\nSinghania of Raymonds Limited, Bharat Puri of D Pidlite Limited, Sanjeev Bajaj,\nMD and CEO of Bajaj Finserv Limited, Kashmira Mewawala, head of business\ndevelopment at Tata Capitals, TV Narendran, CMD of Tata Steel, Sudhanshu of\nVats group CEO Viacom-18 Media Private Limited and Ashok Patni, chairman of\nWonder Cements.\n\n\n\nIn the last Global Investors\u2019 Summit (GIS) held in Indore on October 2016, 2630 investments were proposed worth Rs 6.63 trillion. Earlier the government was signing MoUs with the companies which were rechristened to \u201cinvestment in 2016. In 2007, 102 MoUs worth Rs 1.20 trillion were signed followed by 107 MoUs in 2010 worth Rs 2.35 trillion. In 2012, 259 MoUs were signed for setting up of projects worth Rs 4.31 trillion. A GIS was also held in October 2014 and was inaugurated by Prime Minister Narendra Modi.\n\n\n\nEx-BJP\nCM Chouhan astonishes, support summit\n\n\n\nMeanwhile,\nastonishingly state\u2019s former chief minister Shivraj Singh Chouhan, amidst\nstrained relations between the BJP and the Congress leaders in the state, has\nlent support to Magnificent MP, the business investors\u2019 summit. Chouhan has\nwelcomed the move. He said he appeals to investors to invest in Madhya Pradesh\nand create job opportunities. He said he is not the leader who speaks ill about\nthe state during investors\u2019 summit. He said he cares for Madhya Pradesh and is\na well-wisher of state. The Congress party during the BJP government in the\nstate had opposed investors\u2019 summit. Chouhan, by supporting the summit, seems\nto have set a new example.\n\n\n\nAbout\nEvent\n\n\n\nIt\nmay be mentioned here that Madhya Pradesh, the \u201cHeart of India\u201d, is a globally\nemerging investment destination. The state has recorded an impressive growth in\nGSDP averaging over 10 per cent during the last decade. Government of Madhya\nPradesh is proactively engaging with the industry to explore the untapped\npotential and bring out unprecedented wave of industrial development and\nsocial\/economic inclusion.\n\n\n\nThe\nSummit provides an ideal platform for the key stakeholders to interact on\nindustry scenarios and technology advancements across 15 focused sectors. It\nalso provides industries and countries, a platform to showcase their\ncapabilities and achievements through \u2018Global Trade Exhibition\u2019. This\nexhibition provides a forum to promote the initiative of Make in Madhya\nPradesh.\n\n\n\nThe exhibition is being organized from 18th to 20th October 2019 at the Brilliant Convention Centre, Indore. Global Trade Exhibition 2019 will have 77,500 sq. ft. of exhibition area showcasing a complete gamut of sectors including Agriculture & Food Processing, Automobile & Engineering, Information Technology and ESDM, Pharmaceuticals, Healthcare, Logistics, Tourism, amongst others. The exhibition will have a dedicated space for industries promoting latest technologies such as Robotics, Artificial Intelligence, IoT, Mobility etc. The focus of the exhibition moves beyond identifying new business opportunities onto new technologies disrupting the way business operates.