MoUs and progress of projects by State Govt

    At least half of the Memorandums of Understanding (MoUs) the State government exchanged with national and global investors during the Partnership Summits in 2016 and 2017 are still in the preliminary stage, while 18% of the projects have been materialised and the companies began production.

A look into the investment tracker part of the Chief Minister’s real-time executive dashboard (core dashboard), a web portal that keeps government data transparent, reveals the status of 876 MoUs exchanged during the last two investment summits. Through the MoUs, the government expects a committed investment of ?10.42 lakh crore and employment for 20.9 lakh people.

Out of the first partnership summit, the State struck a deal worth ?3.44 lakh crore with 290 companies that promised to provide 7.03 lakh jobs. In the second summit, 586 MoUs were exchanged and jobs for 13.87 lakh persons were assured, according to the tracker.

As on Saturday, projects through as many as 157 MoUs became fully functional and production of goods and services started.