GIM: Govt yet to make details of MoUs public

Rs 3.92 lakh crore promised for State

However, what these MoUs were about has been a nagging question for one and all, a day after the GIM.

The government refused to disclose any details of any of the MoUs.

“MoUs differ from each other. It depends on the kind of project and cost...We cannot disclose those details at this juncture,” said Industries Minister Murugesh Nirani said.

Some of the prominent companies that signed MoUs with the State government are ArcelorMittal, POSCO, Reliance, Brahmani Steel, Rajashree Cements, Wipro, Infosys, JSW Group, Shell and HAL.

Incentives?

Has the government promised special incentive package to top companies for investing in any specific sector in the State? Are these MoUs in the interest of the State? Will the local people benefit from these MoUs? These are some of the questions that needs to be answered.

As many as 3,900 companies across 18 countries and 21 Indian states participated in the GIM held at Palace Grounds in Bangalore. Companies from the US, UK, Germany, France, South Korea, Japan, Malaysia, Sweden, Singapore, China, Switzerland, UAE, Saudi Arabia, Sri Lanka, Egypt, Israel, Canada and Netherlands also participated.

As many as 7,600 delegates took part in the two- day meet, stated a release.