<p>Out of the 389 proposals received for investments from the project promoters during the 2010 Global Investors’ Meet, as many as 40 have been implemented.<br /><br /></p>.<p> This also means that just 10 per cent of the proposals have materialised since two yeas after holding the meet. <br /><br />Replying to a question by T B Jayachandra (Cong) in the Legislative Assembly, Major Industries Minister Murugesh Nirani said that in 2010, 389 projects promising an investment of Rs 3.92 lakh crore were made during the GIM-2010, while it was 751 proposals assuring an investment of Rs 7.20 lakh crore in second edition of GIM in June this year and all these proposals are in the pipeline.<br /><br />Of the 77500.68 acres required for the project proposed in 2010, 2,218.06 acres have been acquired. For the current year’s proposals, 63,569 acres are required, he added. <br /><br />Jayachandra and other members of the Opposition party said the government is taking credit for the success of the GIMs, but the implementation of the projects is hardly anything.<br /><br /> The government has taken publicity rather than actually getting the investments or creating jobs. <br /><br />The land taken for industrial purposes have been misused for real estate, they said. <br /><br />However, Nirani argued that it takes two to five years to get a proposal materialised.<br /><br /> The government is pursuing all the MoUs it had signed and his government was not allowing conversion of land sanctioned for industrial purposes to real estate, he said. <br /></p>
<p>Out of the 389 proposals received for investments from the project promoters during the 2010 Global Investors’ Meet, as many as 40 have been implemented.<br /><br /></p>.<p> This also means that just 10 per cent of the proposals have materialised since two yeas after holding the meet. <br /><br />Replying to a question by T B Jayachandra (Cong) in the Legislative Assembly, Major Industries Minister Murugesh Nirani said that in 2010, 389 projects promising an investment of Rs 3.92 lakh crore were made during the GIM-2010, while it was 751 proposals assuring an investment of Rs 7.20 lakh crore in second edition of GIM in June this year and all these proposals are in the pipeline.<br /><br />Of the 77500.68 acres required for the project proposed in 2010, 2,218.06 acres have been acquired. For the current year’s proposals, 63,569 acres are required, he added. <br /><br />Jayachandra and other members of the Opposition party said the government is taking credit for the success of the GIMs, but the implementation of the projects is hardly anything.<br /><br /> The government has taken publicity rather than actually getting the investments or creating jobs. <br /><br />The land taken for industrial purposes have been misused for real estate, they said. <br /><br />However, Nirani argued that it takes two to five years to get a proposal materialised.<br /><br /> The government is pursuing all the MoUs it had signed and his government was not allowing conversion of land sanctioned for industrial purposes to real estate, he said. <br /></p>
