For the year 2015, MoUs for energy projects worth Rs. 1.1 lakh crore will be signed, and the overall figure of MoUs signed woud be a whopping Rs. 2 lakh crore.
State governments are conducting investors meets and signing MOUs.
The question immediately come to our mind is: How many of these MoUs will actually be implemented?
Tamil Nadu’s track record:
Directorate of Industrial Policy and Promotion data for the last 4 years,
In 2011, Rs. 73,298 crore worth of IEMs were signed, of which only Rs. 235 crore were actually implemented. That’s an implementation rate of 0.3%.
In 2012, Rs. 21,253 crore worth of IEMs were signed, of which only Rs. 524 crore were actually implemented. That’s an implementation rate of 2.4%.
In 2013, Rs. 27,380 crore worth of IEMs were signed, of which only Rs. 2292 crore were actually implemented. That’s an implementation rate of 8.3%.
In 2014, Rs. 14,596 crore worth of IEMs were signed, of which only Rs. 2500 crore were actually implemented. That’s an implementation rate of 17%.
In 2015, up to July, Rs. 17,412 crore worth of IEMs were signed, of which only Rs. 41 crore have been actually implemented. That’s an implementation rate of 0.2%.
The average implementation rate since 2011 is 5.64%.
This does not mean that such investor-meets and campaigns themselves are unnecessary and bad. Campaigns like Make in India, Vibrant Gujarat and TN Global Investors Meet play an important role in bringing together people who want to start industrial organizations and persons who can facilitate them. But, we need to understand that the real work starts after these investor meets only.
No comments:
Post a Comment