- Why Madhya Pradesh remains backward under BJP’s false investment claims
Bhopal: In a joint press conference, Madhya Pradesh Congress Committee President Jitu Patwari and Leader of Opposition in the State Assembly Umang Singhar exposed the deceptive nature of the BJP’s investment promises and the failure of the Global Investors Summits (GIS) in the state.
They say that once again, the BJP government is preparing to host the Global Investors Summit (GIS), making grand claims of attracting massive investments. The state government, led by Dr. Mohan Yadav, is spending millions to roll out the red carpet for industrialists. However, the track record of previous GIS events is anything but encouraging. Despite borrowing over Rs 5000 crore each month, the government continues to squander taxpayer money on yet another summit, repeating the same cycle of extravagant promises and negligible results.
Since 2003, six GIS events have claimed over Rs 32 lakh crore in investment proposals, but the reality on the ground is starkly different. The actual investment received over this period is only Rs 3.47 lakh crore, a mere 10% of the claimed amount. Reports suggest that only 3% of the proposed investments have actually materialized.
Investment Proposals vs. Reality: A Stark Contrast
Year Investment Proposals ( Cr) Investment on Ground ( Cr) Success Rate (%) Jobs Created (Govt. Claims) 2007 1.20 Lakh Crore 17,311 Crore 14% 49,750 2010 2.35 Lakh Crore 26,879 Crore 11% 25,000 2012 3.50 Lakh Crore 26,054 Crore 7% 31,530 2014 4.35 Lakh Crore 49,272 Crore 11% 38,750 2016 5.63 Lakh Crore 32,597 Crore 5% 92,700 2023 15.42 Lakh Crore 1.95 Lakh Crore 12% 38,000 Total 32.45 Lakh Crore 3.47 Lakh Crore 10% 2.75 Lakh = The 32 lakh crore mirage
The BJP’s grand claims of investment at the Global Investors Summits (GIS) in Madhya Pradesh are nothing more than a mirage. In 2007, the summit promised Rs 17,311 crore, but only Rs 1,700 crore materialized. Similarly, in 2010, Rs 26,879 crore was pledged, yet the government had to return land to abandoned projects. By 2012, the promised RS 26,054 crore turned into just Rs 1,500 crore in actual investment. The same pattern continued in 2014 and 2016 with minimal returns.
In 2023, CM Shivraj Singh Chouhan’s claims of Rs 15.4 lakh crore in investments and 29 lakh jobs were equally hollow. The reality: only Rs 1.95 lakh crore was invested, creating just 38,000 jobs — a far cry from the BJP’s lofty promises.
Congress’s real investment success
In contrast, the Congress government under Kamal Nath proved its commitment to real development. The 2019 “Magnificent Madhya Pradesh” summit saw Rs 74,000 crore in proposals, with Rs 30,000 crore materializing — a 66% success rate. Investments made during Kamal Nath’s tenure continued to yield returns, with Rs 5,276 crore in 2020, Rs 14,500 crore in 2021, and Rs 4,288 crore in 2022.
While the BJP’s promises remain unfulfilled, Congress delivered genuine, on-the-ground investment and progress.
