Madhya Pradesh hopes to lure Rs.150 bn investment

April 11th, 2008 - 12:58 am ICT by admin  


Bhopal, April 10 (IANS) The Madhya Pradesh government expects to attract investments worth Rs.150 billion at an investors meet starting Friday, a top state official said Thursday. “We started with Khajuraho almost two years ago. Then came Indore followed by Jabalpur, and now Sagar. Such meets are being held in different parts of the state since the state government wants development of every region. It would pave way for the integrated development of the region,” Industries Minister Jayant Malaiya told IANS.

Nearly 15 memorandum of understandings (MoUs) are expected to be signed for setting up of sponge-iron, pig iron and integrated steel plant and cement plants.

MoUs for sugar plants and captive power plants too are expected to be inked during the meet, the minister added.

Industrial infrastructures, he said, would be developed in 464.30 hectares of land identified in four districts of the region.

“We are giving priority to improving basic amenities to facilitate maximum investment,” Malaiya said.

Earlier, the government had organised investor meets at Khajuraho, Indore and Jabalpur towns of the state.

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