‘MP govt needs to push reforms, simplify rules to cash in on investments’
The Madhya Pradesh government needs to accelerate the pace of reforms and simplify rules and regulations if it wishes to cash in on investments committed during the 5th Global Investors Summit and make the state one of the fastest growing economic zones of the country, participants said. Most of the delegates, including investors from abroad, said Madhya Pradesh could do wonders once the goods and services tax rolled out, given the state’s central location in the country, provided the government identifies and addresses concerns of investors. Union finance minister Arun Jaitley on Saturday said that Madhya Pradesh could benefit a lot from the situation arising from the rollout of the GST, given the state’s strategic location. “This would serve the purpose.” MAJOR INVESTMENT PROPOSALS MP received 2,630 proposals worth Rs 5.62 lakh crore Nuclear Power Corporation: Rs 25,000 crore Aditya Birla Group: Rs 20,000 crore Indian Oil: Rs Rs 4,760 crore Essar group: Rs 4,500 crore Syntex group: Rs 2000 crore Proctor and Gamble: Rs 1,100 crore Mylan Lab: Rs 700 crore Lupin India: Rs 700 crore Hitech group: Rs 400 crore
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