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Investments in Madhya Pradesh go beyond paperwork: CM Mohan Yadav in Davos
Davos: Madhya Pradesh wants to play the most important role in INDIA'S progress; the state govt already prepared its plan and is committed to it, said Chief Minister Mohan Yadav at the WEF summit.
Madhya Pradesh has introduced multiple reforms and is offering financial incentives for setting up new industries, emerging one of India's most investment-ready destinations, chief minister Mohan Yadav has said. Speaking at the ET House with Deepshikha Sikarwar during the World Economic Forum in Davos, the CM listed its central location, regulatory clarity, ample land reserves and surplus electricity as core advantages of his state. Yadav said Madhya Pradesh is fully prepared to translate these strategies into tangible outcomes on the ground. Edited excerpts:
At the WEF, what is Madhya Pradesh's big pitch to foreign investors, and what has been their response?
Everyone wants to connect with India. And the way India's growth is moving forward under the leadership of Prime Minister Narendra Modi, the country has taken a very long leap. India was 11th largest economy; now it is at fourth. In two years, it will be the third. And in the coming 25 years, India will be among the world's leaders.Madhya Pradesh wants to play the most important role in this progress. We have prepared our plan and are committed to it. We are also cooperating with other states-for example, distributing electricity with Uttar Pradesh. So, we are ensuring economic growth as well as regional accessibility.
Many Indian states are present at the WEF. What is the biggest differentiator for foreign investors in MP?
The state has the largest mining area in the country. Law and order is completely under control. Our people are peace loving and do not disrupt positive development. MP is home to Asia's thickest coal seam and is India's only diamond-producing state. With eleven agro-climatic zones and the largest forest cover in India, the state is among the leading producers of food grains, pulses, oilseeds, vegetables and fruits.The state lies on India's primary North-South corridor trunk line, making it a natural logistics and manufacturing hub. Four major industrial and economic corridors - Delhi-Nagpur Industrial Corridor, Atal Pragati Expressway Industrial Corridor, Narmada Expressway Industrial Corridor and Indore-Pithampur Economic Corridor - are being developed.
What policies have you implemented to make MP the growth engine of the country?
Investments in MP go well beyond paperwork, advancing through time-bound approvals, ready industrial ecosystems, and clear and efficient implementation mechanisms. The state has aligned with national-level reforms and moved quickly to remove bureaucratic hurdles.We rolled out 18 policies for various sectors to make it easier for businesses as part of a comprehensive plan for industrial growth. MP has an industrial land bank exceeding 500 square kilometres (approx 1.25 lakh acres). Industrial areas have access to more than 1,000 million cubic metres (mcm) industrial water and round-the-clock reliable power supply at competitive tariffs.
How is your state implementing the Centre's deregulation push?
We have decided that investors need not keep running after officials or navigate layers of approval. MP has implemented all the measures as suggested, taking a lead. Whenever the Indian government brings reforms, we have implemented them quickly. Look at labour reforms. We have already implemented them. Women are permitted to work 24x7.If there is any inadequacy in our state policies, we immediately address them. We continue to tweak state-level regulations to attract employment-generating industries by offering them differentiated benefits. We have a single-window approval system.
How is MP's green energy push faring?
We are moving forward in every way on green energy. The state is working on solar, wind and storage projects, including decentralised units, along with conventional power to have sufficient supply for its growing electricity demand. The power capacity additions will help the state meet its requirement in adding infrastructure, especially data centres, and also supply to other states. We are protecting forests and following all rules. The state is also exploring possibilities in methane gas from cowsheds.Madhya Pradesh is a state partner of ET House in Davos
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Source: EconomicTimes
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