Investors promise Rs.100 billion to Madhya PradeshFebruary 15th, 2008 - 6:43 pm ICT by admin
Jabalpur (Madhya Pradesh), Feb 15 (IANS) The Madhya Pradesh government Friday signed memoranda of understanding (MoUs) at an investors’ meet here that would bring Rs.100 billion ($2.5 billion) worth of investments to the state. Inaugurating the third state-sponsored Global Investors’ Meet, Chief Minister Shivraj Singh Chouhan called upon investors to come forward to take advantage of the state’s industry-friendly policy.
He assured them they would not have any problem at any level once they commit to invest in the Madhya Pradesh.
The MoUs were signed in the first session of the two-day meet here, about 300 km from state capital Bhopal. More than 190 investors are participating in the meet.
Speaking at the meet, Aditya Birla Group Chairman Kumarmanglam Birla said he had a 50-year relationship with Madhya Pradesh ever since his forefathers launched their first manmade fibre plant at Nagada in Ujjain district.
Although his group had not signed any MoU at the meet so far, he said it was “all set to make huge investment in Sagar, Jabalpur and Rewa”. His company Hindalco Industries, one of the largest aluminium producers in the country, will set up a plant in Madhya Pradesh, he added.
The MoUs signed include two in the energy sector, two in cement and one for iron-ore industry.
“We are bringing a Rs.1,200 crore (Rs.12 billion) plant at Katni in Jabalpur (district) for which a MoU has been signed. We are also making an investment of Rs.1,500 crore (Rs.15 billion) in Indore,” said Vivek Chawla, president of Associated Cement Companies, a leading cement producer in India.
The state government had invited more than 700 industrialists from within and outside the country. Of them, 309 confirmed participation and more than 190 reached Jabalpur to participate in the meet on its first day.
This is the third investors’ meet organised by the state government in the past two years. The previous meets at Khajuraho and Indore have already attracted MoUs worth Rs.1,050 billion and Rs.1,142 billion, respectively.
The meet also showcases an exhibition entitled “Vikas Pradarshani” (Development Exhibition) organised by the state industries department at the historical Garrison Ground to display the development of state.
A special theme pavilion to showcase the progress and investment opportunities in the state was the main attraction of the meet.
- Andhra gets Rs.5.57 lakh crore investment at Partnership Summit (Lead) - Jan 12, 2012
- Madhya Pradesh attracts investments worth Rs.100 bn - Feb 15, 2008
- Karnataka eyes big ticket investments from global firms - Jun 02, 2010
- Andhra bags Rs.5.57 lakh crore investment projects - Jan 12, 2012
- Andhra inks MoUs for Rs.6.5 lakh crore investment (Lead) - Jan 13, 2012
- World-class Sports City to come up near Hyderabad (Lead) - Jan 13, 2012
- MoUs pour in at Karnataka Global Investors' Meet (Roundup) - Jun 03, 2010
- Yash Birla to develop sports university near Hyderabad - Jan 12, 2012
- Jaypee Group to invest Rs.33,000 crore in Gujarat - Jan 15, 2011
- Karnataka hopes to attract $120 bn in investments - Mar 01, 2012
- Birla Corp to set up cement plant in Assam - Jan 13, 2011
- Rashtriya Ispat to invest Rs.42,000 crore in Andra Pradesh - Jan 16, 2012
- Madhya Pradesh attracts investment proposals worth Rs.295.5 bn - Apr 11, 2008
- Battle between chemical and organic fertilizer lobbies - Apr 04, 2011
- Once bitten, Karnataka not shy to woo investors again - Jun 06, 2012
Tags: birla group, cement companies, cement producer, chief minister, confirmed participation, energy sector, forefathers, global investors, group chairman, industrialists, iron ore industry, khajuraho, madhya pradesh government, manmade, memoranda of understanding, mou, mous, nagada, rs 1, state government