Total investment crossed Rs 1 lakh cr: CM

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Himachal Chief Minister Jai Ram Thakur on Wednesday claimed that the total investment following ‘Rising Himachal Global Investors' Meet’ has crossed Rs  one lakh crore.

Reviewing the meeting of MoUs signed during the ‘Rising Himachal Global Investors' Meet’ here Thakur directed the officers to appoint Nodal Officers for each major project for which MoUs had been signed with the prospective entrepreneurs.

"As many as 139 MoUs with an investment worth Rs  7242 crore have been signed after the Global Investors' Meet, thus the total investment had crossed over Rs  one lakh crore," he said, adding that the departments must also ensure that special emphasis be laid on those projects whose ‘Ground Breaking’ had been performed so that the physical construction on ground could be started.

Thakur said efforts should also be made on persuading the foreign investors to start their ventures in the State so that work could be started on these projects within stipulated time. He said that as many as eight MoUs have been signed with entrepreneurs from Netherlands with a proposed investment of Rs  986 crore, one with entrepreneurs from Germany, seven MoUs with an investment of Rs  1900 crore with investors from UAE and one MoU worth Rs  100 crore with investor from Malaysia.

He said the Nodal Officers appointed to keep liaison with foreign investors must remain in constant touch with them so that they could be persuaded to start their ventures at the earliest.

"Officers must work with dedication and commitment besides setting targets to actually ensure grounding of investments," he said, stressing the need to have one-to-one meeting with the entrepreneurs. He said that big industrial houses like Reliance, TATA, Mahendra, Godrej etc. should be given priority for facilitating them to start their ventures at the earliest.

The chief minister said MoUs must by identified for second ‘ground breaking ceremony’ which could be held during the month of June this year. He said that targets of grounding investments worth Rs  10,000 crore would be fixed for this ceremony, adding that focus should be laid on persuading the entrepreneurs who have already signed MoUs for time bound ground their projects.Expressing satisfaction over the first ground breaking ceremony held on 27th December last year in which the Government succeeded in grounding projects worth Rs  13656 crore, Chief Minister said that now efforts should be made by the departments concerned and nodal officers of respective projects to facilitate the entrepreneurs to start up their projects.

Additional Chief Secretary Industries Manoj Kumar said the Industries Department would work in close coordination with the other departments to ensure that the MoUs signed with the entrepreneurs come into reality.

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