Minister for Commerce and Industry Rajendra Shukla said that Madhya Pradesh is well known as Island of Peace for safe investment. He further mentioned that Bharat-Oman Refinery is operating successfully at Bina of Sagar district.
The present capacity of the refinery is 20,000 barrel per day. land is allotted by the state government to the Bharat-Oman refinery on confessional rates and exemption of entry tax on crude oil for 15 years is given. Shukla was addressing the India-Arab partnership conference at Muscat today. It may be mentioned that the Indian delegation has gone to Muscat in the leadership of Union Minister of State MJ Akbar.
Shukla said that the Arabian ocean links India and Oman geographically. Textiles, machinery and equipments, electronics items, chemicals, iron, steel products beside tea, coffee, rice and spices are mainly exported to Oman from India. Shukla also informed about the Global Investors Summit held at Indore recently. He said that special attention is being paid in Madhya Pradesh to encourage investment in 8 focus sectors namely automobiles and engineering, textiles, agri-business and food processing, renewable energy, urban development pharmaceuticals and tourism sectors.
Besides, Shukla informed that Madhya Pradesh is known as one of the top 5 cotton producing state in the country. In state 280 pharmaceuticals units are working successfully. Madhya Pradesh has registered 7 folds increase in the field of renewable energy during the last 5 years.
The current capacity of renewable energy of the state has reached 10 thousand 681 megawatt. Shukla also informed about the biggest solar power plant of the world being set up at Rewa. He invited the investors present in the conference to visit Madhya Pradesh.