At least half of the Memorandums of Understanding (MoUs) the State government exchanged with national and global investors during the Partnership Summits in 2016 and 2017 are still in the preliminary stage, while 18% of the projects have been materialised and the companies began production.
A look into the investment tracker part of the Chief Minister’s real-time executive dashboard (core dashboard), a web portal that keeps government data transparent, reveals the status of 876 MoUs exchanged during the last two investment summits. Through the MoUs, the government expects a committed investment of ₹10.42 lakh crore and employment for 20.9 lakh people.
Out of the first partnership summit, the State struck a deal worth ₹3.44 lakh crore with 290 companies that promised to provide 7.03 lakh jobs. In the second summit, 586 MoUs were exchanged and jobs for 13.87 lakh persons were assured, according to the tracker.
As on Saturday, projects through as many as 157 MoUs became fully functional and production of goods and services started.
Still in beginning stage
On the contrary, 453 MoUs are still at the very beginning stage as Detailed Project Reports (DPRs) for most of them are yet to be readied and submitted and the government is yet to allocate land for those having DPRs and requested for land.
The remaining 423 projects are in different stages of execution including trail production, installation of machinery, civil works, awaiting foundation stone ceremony and approvals.
While in 2016, Industries Department made 95 MoUs, the highest, in the later year 177 MoUs related to food processing sector were made. None of the 19 MoUs made in the skill development sector has been materialised so far.
