Over 200 PPP projects worth Rs 36,000 crore are in various phases in Madhya Pradesh. Of these, 70 per cent projects are of roads. This was stated by Finance Minister Jayant Malaiya at sectoral seminar on “Opportunities of Investment in PPP in Madhya Pradesh” during Global Investors Summit at Indore on Thursday.
Malaiya informed that Madhya Pradesh stands third among states working under PPP mode. He said the economic development of Madhya Pradesh is very fast. The state government is committed to accelerating pace of industries-business. He dwelt in detail on amendments made in industrial promotion policy, tourism and other policies.
Commissioner Institutional Finance and Secretary to CM Vivek Agrawal gave a presentation on opportunities available under PPP mode in Madhya Pradesh.
He said that the state government is encouraging PPP mode in all sectors. He specially referred to tourism, transport, warehousing, logistics, steel silos, electronics, urban transport, City Service Indore, rural drinking water schemes, construction of houses for the poor etc. It was informed that there is a cabinet committee headed by the Chief Minister to implement PPP mode at a rapid pace. Besides, an empowered committee headed by the Chief Secretary is also in place. A very good PPP Cell exists in the state. Two funds have been instituted for grants to PPP projects and viability gap funding.
Propounder of PPP concept in India former IAS officer Gajendra Haldia shared his experiences about PPP sector. He urged entrepreneurs to focus attention on Madhya Pradesh. Shri Haldia lauded Madhya Pradesh government’s commitment to development and its political leadership. Haldia said that infrastructure is vital for manufacturing sector. Entrepreneurs should invest in infrastructure development in Madhya Pradesh.