Do you think the various conventions by the State Govts. really contribute for Industrial growth?During the past three years, we have seen various state governments conducting various conventions involving industrialists and Software companies from India and abroad. During the process, we did understand from the media that they have signed MOUs with the agencies/firms which would generate employment and good infrastructure in the region. For instance, a state Government proclaimed that it has got 200 MOUs during their last year convention. If they are materialised, sure it would contribute for the industrial development of the region and economic growth of the respective states.
Is it really working? How many of them have seen the light of the day and are really in place? Is it a political gimmick by the parties to increase their vote share? Some people say it is the advertisement tactic duly supported by the media. What is your take on this?