HomeLatest News & ViewsWon’t see approval of new projects for 3 years: CM Kamal Nath – Mukesh Ambani to invest over 10 thousand crore in MP
Won’t see approval of new projects for 3 years: CM Kamal Nath – Mukesh Ambani to invest over 10 thousand crore in MP
19th October 2019
Indore/Bhopal, October 19, 2019 (Muslim Saleem): . To boost investment, Chief Minister Kamal Nath made an important announcement in the Magnificent MP held in Indore on Friday. He said- If any investor or industrialist wants to start a project, do it immediately after taking the land. They will not have to wait for approval. Only his proclamation will be valid. He should follow the master plan, building permit rules in his project and get the approval in 3 years. After this, the government will see whether they have followed the rules in the project. If this does not happen, we will take strict action. Speaking to the media, the CM said that the summit will also work on doing in Indore, Bhopal and other cities, but first our focus is on holding sector wise meetings, so that the problems of industries can be solved. All the investors with whom we have discussed, they have said that the people of Madhya Pradesh will have to provide 70 percent of the employment in the project. We are also bringing legislation for this. CM targeted the center about the industrial recession that the recession is due to sentiment, the sentiments are good in MP, there is no recession here. Seal on investment proposals worth 74 thousand crores: Earlier in the afternoon, in one to one meetings with industrialists of the Chief Minister, investment proposals worth Rs. 74 thousand crores were sealed in the state in five months. The Chief Minister spoke to 12 industrialists of the group related to Pharma, Artificial Intelligence, IT Sector, Solar and Wind Energy, Cement Production and heard the problems of this sector. He assured to solve the problems soon. 74 thousand crore investment proposal 98 total offers 1.25 lakh jobs Investment of 25 thousand crores in Indore 105 industrialists spoke of investment, 900 involved Claim to bring investment to the ground in 1 year Investment front line: 8 faces with 6019 billion names named Magnificent MP Ravi Jhunjhunwala HEG Group Rs 37.19 billion Dilip Sanghvi Sun Pharma 498.08 billion rupees Adi Godrej Godrej Group Rs 192.08 billion Vikram Kirloskar Kirlaskar Group 106.72 billion rupees Rakesh Bharti Bharti Inter. 590.5 billion rupees N. Srinivasan India Cement 705.20 billion rupees Rajendra Gupta Trident 29.31 billion rupees Mukesh Ambani Reliance Group Rs 3748.07 billion Top-5 Investment Proposals That Came To Summit
Israel’s Avgol company will invest 1250 crores. The company is going to invest in sectors like fabric, logistics.
Norway’s State Croft will invest more than 1000 crores to make Central India’s largest data center.
Adani Group announces expansion in Agro Food and Logistics Sector. Investment will increase by one and a half to two times.
Volvo will set up a new plant in Bangarada (Bhopal). It will be about 300 crores rupees.
America’s Lap India will expand investment in the cable sector. MP will be the center of business.
What did the top 5 industrialists – companies give
Mukesh Ambani Chairman Reliance Industries: Investment of more than 10 thousand crores, will create 45 distribution centers in ware house sector
N. Srinivasan Vice Chairman India Cement: Investment of 1200 crores in cement plant in Damoh-Khandwa, target to take it to 3000 crores
Sanjeev Puri Chairman ITC Group: Investment of 700 crores in agro food, will promote medicinal farming in 10 thousand acres
Dilip Sanghvi: Director Sun Pharma invests in pharma sector, project to expand with Rs 500 crore
Ravi Jhunjhunwala: Director HEG Mandideep will invest 1200 crore in the project. Target up to 6000 crores.
The holography that Modi used, his first performance in MP: Holographic presentation in Magnificent MP gave this summit a grandeur. Used in an event for the first time in MP. Three-D images from the industry sector to nature and wild life were presented to investors. It is being told that this holographic presentation was first used by Narendra Modi between 2012 and 2014. At that time it used to cost around one crore rupees. The rights to use this technology were limited then. Later things changed. So this time an event management company introduced it to Magnificent MP. Three individuals behind the 3D image made it interesting by giving live performance.
Even Chief Minister Kamal Nath not only saw his image with Gandhiji, but also made an image with Tiger. Investors appeared to appreciate the use of MP government. This holography can be seen as a visual illusion in simple terms. Any single object is recorded (photographic recording) with the help of a display device. Later the same object can be seen in three directions. Investors who came to Magnificent MP were shown the beauty of MP and the special things here and the policy related to investment and the development done so far in its support. This is done using laser rays in such a way that the person standing in front of them sees his image in the same way.