Chief Minister Kamal Nath has said that with favourable conditions for industrial investment in Madhya Pradesh, interaction should be done with real and potential investors who have genuine interest in investment in Madhya Pradesh.
The Chief Minister was reviewing the nature and preparations for the proposed investment summit in October at the Mantralaya.
The Chief Minister said that it is not enough only to draft investment related schemes and to organise summit just for the sake of publicity.
There is a need to focus on the proper use of state’s funds, valuable time of officials and energy and its outcome.
The Chief Minister said that authentic investors can be identified by organising dialogue sessions before the investors’ summit.
He said that new areas of investment like pharmaceutical research and artificial intelligence should also be considered.
He said that in the new age of GST, focus must be on the priorities of investors also.
The Chief Minister said that instead of making an estimate of investment, the issue has to be taken forward on a solid basis.
It was told that the amount invested by the investors in many previous investor summits was not as promised by them. Some investor groups claiming big investments even became bankrupt.
Communicating with non-serious investors is a waste of time and money.
Among those who were present in the meeting were Finance Minister Tarun Bhanot, Chief Secretary SR Mohanty, Additional Chief Secretary Finance Anurag Jain, Additional Chief Secretary Forest KK Singh, Principal Secretary Industry Rajesh Rajoura and Principal Secretaries of related departments.