"Big announcement will not create jobs...": Congress' Kamal Nath on Global Investors Summit

Chhindwara (Madhya Pradesh) [India], February 27 : Former Chief Minister of Madhya Pradesh and Veteran Congress leader Kamal Nath on Thursday took a potshot at the state government over the recently concluded "Invest MP Global Investors Summit" (GIS), asking it has to be seen how much of it is implemented, stressing that big announcements will not create jobs.
"Investor meet has concluded, now it has to be seen how much of it is implemented. Big announcements will not create jobs. How many investor meets have been held in 10 years, and what were their results?..." Nath told reporters in Chhindwara.
State capital Bhopal hosted the two-day Global Investor Summit 2025 at Indira Gandhi Rashtriya Manav Sangrahalaya from February 24-25. At the summit's conclusion on February 25, Chief Minister Mohan Yadav addressed a press conference and highlighted the summit's outcomes.
"The summit is proving to be a milestone in the economic and industrial history of Madhya Pradesh. Global Investment Summit 2025 (GIS 2025) is being successfully concluded. It is not just a summit but a historic initiative to take the economy of the state to new heights. More than 100 foreign delegates from over 60 countries explored possibilities of investment and business cooperation in Madhya Pradesh," CM Yadav said.
CM Yadav emphasised that over 300 top representatives, including chairmen, CEOs, and managing directors of leading industries, participated in the summit and held one-on-one discussions to unlock investment possibilities in the state.
"Investment proposals worth Rs 26.61 lakh crores were received from Global Investors Summit (GIS) and with a possibility of generating 17.34 lakh employment opportunities in the state. Earlier, investment proposals from Regional Industry Conclaves held within parts of the state and Interactive Sessions held outside the state were received of Rs 2.34 Lakh crores and Rs 1.82 lakh crores, respectively. The employment generation from these proposals includes 2.74 lakh and 1.32 lakh jobs, respectively," CM Yadav added.
He added that a total of Rs 30.77 lakh crore investment proposals were received so far and would be expected to generate 21.40 lakh jobs in the state.