Indore: Before the Magnificent Madhya Pradesh Investors Summit, the State government on Thursday claimed that there are strong possibilities of near guaranteed investments worth around Rs 1.05 lakh crore from industrial investors by March 2020. While talking to media persons here on Thursday, Chief Secretary SR Mohanty said that though the new government came to power in December 2018, the actual work began in January 2019. Since then around 2-3 months were spent on conducting Lok Sabha polls.
“But within the period spanning between January and September 2019, the state has received committed investment proposals worth around Rs 31,500 crores, which is likely to result in the employment of around 1.03 lakh people in the state. These are the committed proposals where the industrialists have already begun the work of establishing their units in the state,” Mohanty said.
“Added to them are investment proposals worth around Rs 74,260 crore, where the investors have already identified land for starting their units and have also completed other related processes. We expect the conversion rate of these proposals to be over 75 per cent and are hopeful of around 1.08 lakh employment being generated once they are actualized on ground. In total, we expect near guaranteed investments worth over Rs 1.05 lakh crore by March 2020, which is likely to lead to 2.10 lakh-plus employment,” he added.
