MP govt will prepare annual biz reports to woo investors

Madhya Pradesh government has taken a decision to come out with a report on 'ease of doing business' every year to show its intent of making the state investor friendly. The report will be prepared by an independent agency, an official of state industry department told HT.

There would be a monthly review of all the investment proposals received so that there is time bound implementation. Also, for major investment proposals, a government official would be appointed as investment manager whose task would be to assist the industrialist in all the aspects.

During the course of the next one month, the government will talk to all the investors, get to know their expectations and then draw a roadmap for the investment. The government has also proposed easing of labour laws to end the 'inspector raj.'

With the government receiving investment proposals worth Rs 5.89 lakh crores in the recently concluded Global Investors' Summit (GIS), the focus has now shifted to implementation of the projects.

The chief minister, along with senior officials, would be available for the industrialists in the first half of every Monday to ensure that the maximum number of investment proposals received during the GIS take off.

Over the years, Madhya Pradesh government has been taking steps such as introduction of 'single window policy' to make the investment climate more conducive.

A study sponsored by the Planning Commission earlier this year revealed that Haryana, Gujarat and Madhya Pradesh are the top three industry friendly states in the country.

The Plan Panel had asked consultancy firm Deloitte Touche Tohmatsu to rate states based on certain parameters that would help them improve the regulatory ecosystem for the manufacturing sector.

The states were ranked as per their prevailing business regulatory environment, and the variables measured were availability of skilled labour, land and building approvals, pace of environmental clearances, taxation, approvals for infrastructure, and utilities. The states ranked low are dogged by taxation issues, inflexible labour laws, poor infrastructure, lengthy land approvals and slow green clearances.