Investors Gurantee Scheme to be launched : CM

Indore: Addressing the concluding function of Summit here today, Chief Minister Shri Shivraj Singh Chouhan said that Investors Guarantee Scheme will be launched in the state. All the industry-related sanctions will be made within time-limit. Madhya Pradesh Development Forum will be constituted to avail benefit of investors’ experience and expertise in the state’s development. Its meeting will be held every six months. Shri Chouhan announced to hold next Global Investors Summit from October 8 to 10, 2014.
Chief Minister Shri Chouhan said that investors are our partners in the state’s development. Arrangements will be made for online monitoring of proposals put forth by investors. Monitoring will be made by the Chief Minister and Chief Secretary. He said that even if Goods & Service Tax (GST) is imposed, there will no reduction in the concessions being given to investors in Madhya Pradesh. A policy will be chalked out for corporate social responsibility. Under it, industries will assist in social development of the area where they are set up. He said that it is the responsibility of all of us to conserve environment. He said that no industry will be established in the state at the cost of environment.
Chief Minister Shri Chouhan said that the State Government is chalking out a development scheme for Chambal ravines. The area which was once known for dacoits, will be known for industries in future. He said that proposals of investors coming to the state in this era of global recession give a new confidence. Madhya Pradesh will leave no stone unturned in making further headway. Today, a new beginning has been made at the Global Summit. A time-bound scheme will be chalked out for implementation of MoUs signed during the summit. Entire process for industries will be transparent. We have kept employment to youths in view at this summit and through it jobs will be provided to about 5 lakh youths. Madhya Pradesh Skill Development Mission has been started. Loan Guarantee Scheme has been chalked out for higher education. Initiative is being take to ensure that industries are set up in villages.