MP: Pvt sectors have to set up atleast 25 industrial parks

Bhopal, April 29: Atleast 25 industrial parks will have to be established by the private sector in Madhya Pradesh following a policy decision by an apex level investment promotion empowered committee, which met here under the chairmanship of the Chief Minister Shivraj Singh Chouhan.

An official release in this regard said here today that mining companies will get a host of relaxations and concessions meant for industries only when they set up their processing units in the state.

It was decided yesterday at the Mantralaya meet that the private sector will have to establish at least 25 industrial units and provide employment to at least 250 local persons.

The state government will provide 30 per cent land on collectors' guidelines if private investors provide 70 percent land for the industrial park.

The investors will also get the facility of consolidation of plots for their project.

The Chief Minster said the investors must pay adequate compensations to the farmers for acquiring their lands.

Chouhan said the state was witnessing faster investments with the new investors coming to Madhya Pradesh from developed states.

He said that proposals of investors will be discussed and asked the concerning departments to extend cooperation.

It was decided to explore the possibilities of industrial investment in all blocks in order to have equitable investments.

He said that the areas would be categorised in terms of their industrial backwardness. The meeting decided to place Ratlam district in C category upto 2013.

The committee gave exemption in entry tax to 10 units that include M/s Lakhani Rubber Products, Rohit Surfactants private limited, Mahle Engine Components India private limited, Ruchi Trips and Alliance, Betul Oils and Floors Limited in Satna, Bhaskar Industries, Goharganj - Raisen, sonic Biocam extensions, Ruchi Soya Industries in Narsinghpur, Ruchi soya in Daloda in Mandsour, Food processing park Nimrani, Parakh Agro Industries Ltd. in Khargone.

PTI