Madhya Pradesh leads in capital investment

Bhopal, June 17 : Madhya Pradesh, so far considered a backward state, has topped 10 leading states in respect of capital investment.

Madhya Pradesh got proposals for industrial investment of Rs 73,608 crore with an average 72 per cent implementation of the proposed projects, says a survey conducted by the Tata Services in September last year.

As compared to this, the rate of implementation was 65 per cent in Himachal Pradesh, 64 per cent in Rajasthan, 62.7 per cent in Haryana, 61.7 per cent in Delhi and 47.7 per cent in Andhra Pradesh.

The survey report was also published in June 2006 edition of India Business Journal, official sources said today.

The state's contribution in the total proposed and implemented capital investment was registered at 3.5 per cent. This is much ahead of Bihar, Delhi, Haryana, Himachal Pradesh, Jharkhand, Kerala, Punjab and Rajasthan.

Madhya Pradesh has become an ideal state for capital investment with plenty of mines, prosperous economic scenario, lower cost of land and labour, peaceful industrial climate and regular power supply.

The mineral-rich state has coal, coal-bed methane, rock phosphates, limestone, manganese ore, pyrophyllite, copper, dolomite and diamond deposits.

State is likely to emerge as a power hub with the proposed thermal plant of 6600 megawatt in Sidhi district and the proposal by the Reliance group to set up a methane gas-based power plant in Shahdol district.

UNI