Bhopal: In a heartening response to the investment friendly policies of Madhya Pradesh Government, investors have decided to establish industrial projects involving an investment of Rs 150 lakh crore in the state by 2013.

These projects include Hindalco’s smelter plant and captive power plant worth Rs 20,000 crore, setting up of 10 major cement plants, integrated steel plant, power plant of Sasan, Essar, JP and Bina power plant, BLA power, SEL, textile, Volvo and Eicher.

Apart from these projects, MP is developing as a hub of textile industries, a centre of automobile and auto component; and a vast complex of cement projects.

According to the report of Centre for Monitoring Indian Economy (CMIE) for January 2011, MP stood 3rd in the country in attracting investments.

The state has received the investment proposals worth about Rs 1 lakh crore during the first ten months of fiscal year 2010-11. Report says that state’s investment friendly policies have been instrumental to attract the investment.

The state government claims that 121 big industries were set up in the state during last eight years in which Rs 22, 725 crore were invested and about 26,000 people got direct employment. 

The small and medium scale industries are also in the good health. About 1, 26,000 micro, small and medium scale industries were set up in the state during last seven years. In which Rs 1,774 crore and 73 lakh were invested and about 3 lakh people were recruited.