GIS-2023: CM Shivraj Singh Chauhan addresses event; Government exempts all approvals for setting-up industries for 3 years

GIS-2023: The seventh edition of the Madhya Pradesh Global Investors Summit, GIS-2023 has been conducted on 12 January 2023 in Indore. During the two-day event, a significant number of B2B meetings, vendor development programmes, sectoral sessions, and face-to-face meetings with foreign delegations were held. Prominent industrialists and the MP chief minister, Shivraj Singh Chauhan were present to address the event and guided the investors towards a better initiative. During the GIS-2023, several people expressed their confidence in the industry and also pledged to invest Rs. 15.42 lakh crore.

The CM announced that industrial units in the areas identified and notified by the Madhya Pradesh government will be exempted from seeking approval for a period of three years.

Also, he added that no inspection will be done in industrial units during the three years tenure. Moreover, on January 27, 2023, the Madhya Pradesh government issued an ordinance named ‘Simplification of Establishment and Operation of Industries Chapter, 2023’.

Silent Features as per provisions of the ordinance

Applicability: The ordinance will be applicable to every industrial sector, MSMEs, and IT cluster.

Registration: The interested investor can easily register through online registration on the State’s Single Window System i.e. Invest Portal https://invest.mp.gov.in

Intention To Invest: After successful registration, the applicant needs to apply for ‘Intention To Invest’. Once the investor fills in the details, he will be provided with an option to choose ‘Exemption of approval and inspection for a period of three years’.

Acknowledgment Certificate: The acknowledgment certificate will be issued once the applicant is done submitting the document(Intention to invest)

On receipt of the Acknowledgment Certificate, the investor can start construction of the industrial unit. During the validity period of the certificate, the investor will not be required to take any approvals identified. Also, no competent authority shall conduct any inspection in the industrial unit during the validity period of the Acknowledgment Certificate.

State Level Empowered Committee (SLEC): The state government has made a provision for the constitution of a State Level Empowered Committee (SLEC) under the Ordinance. This will –

Notify such areas within which an industrial unit is eligible to obtain an acknowledgment certificate subject to being established and operated.

It will also help the industrial units to get the Acknowledgment Certificate.

In case of a dispute between an industrial unit and the competent authority, it will bring about an amicable settlement.

The Entire Process

Implementation of this investor-friendly system will help investors to start and complete the construction of industrial units on the basis of the Acknowledgment Certificate issued as a result of Intention To Invest’s application, without any hindrance. This will do away with the need to take multiple permissions, clearances, or approvals from various state departments for a period of 3 years from the date of issue of the acknowledgment certificate.

The entire process of application for Intention to Invest and issuance of acknowledgment certificate will be done in a seamless manner with minimum human interface.

The Department of Industries will work closely with the Department of MSME and the Department of Science and Technology to create awareness about this new initiative and help investors understand the features of the provisions of the Ordinance and the process involved so that they can take maximum advantage of this initiative.

This ordinance is an important step taken by the state government for the industrial development of the state. It will reduce the compliance burden on the investors and promote mutual trust between the investors and the government.