Promising a hassle-free business climate to Chinese investors, Madhya Pradesh Chief Minister Shivraj Singh Chouhan on June 20 said he would also seek assistance from China-backed AIIB for a rural irrigation project in his state.
On his second visit to China, Chouhan addressed a well- attended business forum here to highlight investment opportunities in Madhya Pradesh where he said investors will not find any hassles to get land, water and uninterrupted power for their businesses and factories.
Stating that Madhya Pradesh was among the top five Indian states in the list of ease of doing business, he said the state government itself has a land bank from which investors can secure the required land online without the hassle of getting it themselves.
In case the investors wanted land outside the land bank, the government has a special scheme to secure it through mutual consultations and sharing under which the landholders acquire certain stakes in the projects, he said.
Also the state now has surplus power removing the biggest infrastructure bottleneck faced by foreign and local firms.
The state now produces about 17,000 MW of power making it available 24/7, he told the media later.
There is so much power in the state that at times it goes waste due to surplus production, he said.
The state also emerged water surplus due to successful implementation of water diversion projects, he said.
Also the state also has more skilled manpower due to steady promotion of educational institutions like IIMs and ITIs, Chouhan said asserting that the red tape has been cut down to minimum by clearing all licenses at one table.
It is not single window but a single table, he said.
He sought Chinese investments in infrastructure, food processing, automobile and manufacturing sectors.
Besides promoting four Chinese industrial townships, the state also was keen in Chinese investors participation in smart city development projects in which his government plans to spent Rs 75,000 crore in the next four years.
This included Rs 15,000 crore for water supply scheme for 13,000 villages.
Besides meeting some top officials of ruling Communist Party of China (CPC), Chouhan is due to meet the president of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun and Vice President D J Pandian during with he would seek the bank's assistance for his rural irrigation project.
India is a leading member of the AIIB in which 56 other countries have joined.
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