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Investment | November 01, 2012
#26871

Road sector gets Rs 330 bn investment proposals in MP

Madhya Pradesh government is said to have received Rs 33,000 crore worth investment proposals in the road construction sector during the latest investment investment summit.

   Further, it received Rs 88,405 crore worth proposals in industrial infrastructure sector, while the housing and urban development sector received Rs 36,000 crore investment proposals.

   In all, the state government received investment proposals worth over Rs 4.31-lakh crore in three days of the summit.

   Chief Minister Shivraj Singh Chouhan has assured the investors that he would personally monitor the progress of the projects on a monthly basis and ensure their implementation in a time-bound manner.

   The proposals include concrete ones worth Rs 3.56-lakh crore. Together, these proposals, when implemented, will have the potential to create 9 lakh jobs directly and 19 lakh indirectly.

   The state government would frame an Investors Relations Management System within a month to maintain a constant connect with the investors.

   An MP Development Forum will have experts and meet twice a year to advise the state government on various issues. However, the state government also warned that there would be no development at the cost of the environment.

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