MP govt refutes Kamalnath's charges

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Bhopal, Aug 19 (UNI) The Madhya Pradesh government today claimed that 303 memoranda of understanding for Rs 3,65,000 crore were inked at various investors' meets in the state and industries had begun the process of investing Rs 1,10,000 cr.

''Madhya Pradesh is at par with developed states in terms of proposed investment. It was at 20th position and is at ninth place now,'' Public Works Minister Kailash Vijayvargiya said while providing a prestigious institute's statistics to reporters here this evening after a Cabinet meeting.

Mr Vijayvargiya was responding to Union Commerce and Industry Minister Kamalnath's investment-linked allegations.

''Mr Kamalnath is furnishing untrue information. He supposedly quoted Reserve Bank of India statistics that Madhya Pradesh's national share of corporate capital investment is 1.7 per cent while it was actually 2.2 pc in 2007-08,'' Mr Vijayvargiya said.

Since this state's formation to 2003-04, the corporate sector invested Rs 20,328 cr while the present Bharatiya Janata Party's tenure witnessed investment of Rs 11,173 cr from 2006-08, he claimed while adding that about Rs 6,000 cr were pumped in between 1994-2003 in large and medium industry.

''As opposed to that the present regime's tenure witnessed Rs 6,700 cr being invested in four major industries over four-and-a-half years. Roughly Rs 10,000 cr is to be pumped into Mr Kamalnath's constituency Chhindwara that was known for just a single company in 2003-04,'' Mr Vijayvargiya added.

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