STOCK MARKET BSE NSE

Chhattisgarh govt nullifies 158 MoUs after being failed to execute them

The decision to nullify the MoUs was taken during the review meeting of the State Investment Promotion Board chaired by the CM Bhupesh Baghel at his official residence in Raipur.

Published: 15th July 2021 08:08 PM  |   Last Updated: 15th July 2021 08:08 PM   |  A+A-

Chhattisgarh CM Bhupesh Baghel

Chhattisgarh CM Bhupesh Baghel (Photo | PTI)

Express News Service

RAIPUR: In a major decision, the Congress-ruled Chhattisgarh government on Thursday cancelled 158 Memoranda of Understanding (MoUs) for their non-action and failure to execute the plans.

The decision to nullify the MoUs was taken during the review meeting of the State Investment Promotion Board chaired by the CM Bhupesh Baghel at his official residence in Raipur.

The annulled MoUs included 103 signed during the Global Investors Meet held in 2012 and the remaining 55 inked between 2001 to 2018.

ALSO READ | Left parties upset over Chhattisgarh govt ad on road connectivity in 'Left Front-affected areas'

The production has already begun in 67 MoUs and the execution plan is underway in 61 other agreements signed with the state and the instructions issued to expedite the implementation of the MoUs that remain effective, according to the official statement issued after the meeting.

In the Global Investors Meet, as many as 275 MoUs worth Rs 9,3830 crore were signed. However, the capital investment of only Rs 2003 crore in six projects so far has been accomplished in Chhattisgarh, the officials informed.

The state government has also constituted two separate committees for addressing the issues faced by the industries in the state.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp