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BhopalIn the last three years, a total of Rs 201 crore 85 lakh 31 thousand was spent from the government treasury on the Divisional Industrial Meet held in Madhya Pradesh and the Global Investors Meet held in Bhopal, but neither any MOU was signed from these events, nor investment came nor any contract for employment generation was signed. Chief Minister Dr. Mohan Yadav gave this information in written reply to the question of MLA Dr. Vikrant Bhuria.
MLA Dr. Bhuria had asked for details
MLA Dr. Bhuria had sought information about the MOUs, related institutions and proposed investments made in the industrial summit organized at the division level between 2020 and 2025. Also, in the Global Investors Meet held in Bhopal, agreements were made with which companies, how much amount of investment was signed and how many people were given employment. Wanted details of this also.
Total expenditure in three years reached Rs 201 crore 85 lakh
According to the Chief Minister’s reply, Rs 1565 lakh 22 thousand were spent in the year 2023, Rs 7753 lakh in the year 2024 and Rs 10867 lakh 9 thousand were spent tentatively in the year 2025. In this way, the total expenditure in three years reached Rs 201 crore 85 lakh 31 thousand. However, no MOU was signed for setting up the industry during this period. When there were no agreements for investment and industry establishment, there was also no formal agreement regarding employment generation.
Opposition raised questions on the usefulness of these events
After the government’s reply, the opposition has raised questions on the usefulness of these events. He says that despite huge expenditure, if concrete investment or employment results are not seen, then it is a misuse of public money.
Different arguments from industry experts
At the same time, industry experts have a different argument. He says that the results of investors meet and industrial summit are not visible immediately. First the industrialists express their intention to invest, then the blueprint of the project is prepared. After this, long negotiations take place on land, terms and conditions, incentive package and other procedures. Many times this process continues for years, only then the investment comes to fruition.