Chief Minister Bhupesh Baghel addresses the 15th meeting of the State Investment Promotion Board, cancels 158 inactive MoUs.

Chief Minister Bhupesh Baghel addresses the 15th meeting of the State Investment Promotion Board, cancels 158 inactive MoUs.

Dispatch News.

Raipur. Chief Minister Bhupesh Baghel said that proposals for capital investment for setting up a plant to prepare ethanol from maize and sugarcane in the state should get approval at the earliest. The Chief Minister in his address to the 15th meeting of the State Investment Promotion Board at his residence office today. He said that two committees should be constituted to solve the problems of all industries. The Industries Minister will chair a committee for policy matters; the Chief Secretary shall do the same for implementation matters. He said that through these committees, we should try and expedite the work of setting up agro-based and iron-mineral based industries in Bastar.


The status of the implementation of MoUs, for setting up industries in the state was reviewed during the meeting. A total of 158 MoUs got cancelled due to inaction.

Between 2001 and 2018, 211 MoUs were signed with a capital investment of Rs 3 lakh 3 thousand 115 crores 70 lakh. Of these, the actual capital investment is Rs 78776.36 crore.  67 MoUs started production, 61 are at the implementation stage. Fifty-five MoUs have not started any work, and they will get cancelled. Similarly, in the Global Investors' Meet, 275 MoUs were signed with a capital investment of Rs.93 thousand 830 crores and Rs.69 lakhs. Six projects had started production, and 25 had selected sites, but the remaining 103 got nothing done, so they got cancelled.