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An MoU being signed in the Global
Investors Summit in Khajuraho on Friday |
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Saudi
Arabia, UAE among 20 countries to attend Global Investors Summit in
MP
Stage is set for the two-day Global Investors Summit to be held at
the World Heritage destination Khajuraho in the central Indian
state of Madhya Pradesh from tomorrow. With the addition of Saudi
Arabia and United Arab
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Bhopal:
On the first day of the two-day Global Investors’ Summit being
held in the temple town of Khajuraho in Madhya Pradesh Memoranda
of Understanding, (MoU), to the tune of Rs. 1064.17 billion
(23.8630 billion USD) were signed, making the day a historic one
for the state’s industrial scenario, according to an official
spokesman.
As such the efforts which the rightist Bharatiya Janata Party
government was undertaking for the last one and a half years to
reconstruct Madhya Pradesh started to bear fruits and a new
chapter is being written in the industrial development of the
state. The state government not only presented all the options
before the investors for joining hands in the development and
progress of Madhya Pradesh but also made its intentions clear to
cement ties further with investors by playing a cordial host to
them. Not only the Madhya Pradesh Chief Minister Shivraj Singh
Chouhan but the entire state cabinet was present to accord a warm
welcome to the investors and industrialists.
Investors took no time in understanding that climate of Madhya
Pradesh is good for industrial investments. This can be gauged
from the fact that during only one and a half hours' talks, 20
MoUs were inked ensuring investment to the tune of over Rs. 1000
billion (22.4240 billion USD) in the state. Of the 20 MoUs inked
on the day-1 included 16 MoUs in the industrial sector and four in
the energy sector.
Happiness was writ large on the face of the Chief Minister Chouhan
and those of the investors after the exercise of signing MoUs.
Before inking the agreements, all the options were put forth in
detail before the investors. The investors, who have not entered
into MoUs, were also seen discussing the pros and cons of
investment in Madhya Pradesh and coming forward to sign MoUs.
The first MoU of Rs. 33,147 crore was signed between DMIC and
TRIFAC for infrastructure development followed by three MoUs worth
Rs. 6,000 crore by Ultratech for establishing cement factories in
Dhar and Satna districts, five MoUs worth Rs. 1,850 crore by Jai
Prakash Associates for opening cement and other industries in
Satna, cement grinding plant in Bina, 120 MW power plant in Sidhi
and a soya processing unit in Rewa.
Other companies which also signed MoUs during the day include
ESSAR for investing Rs. 2,450 crore in cement and ferro sector,
GAIL India for investing Rs. 4,900 crore in oil and natural gas
sector, Jiyo Mysore Services Limited for investing Rs. 300 crore
for mineral exploration, Khajuraho Eco Business Limited for
investment in Integrated Rural Development sector in Chhatarpur
area, two MoUs by Videocon Industries for investing Rs. 18,500
crore for white goods in Budhni and energy sector in Satna and
Rewa, MoU by NTPC for investing Rs. 20,000 crore in the energy
sector, MoUs by JMR Bundelkhand Energy Private Limited for
investing Rs. 14,000 crore for generating 1980 MW power, MoUs by
ESSIL Limited for investing Rs. 2,970 crore in the energy sector
for generating 660 MW power and an MoUs was signed by Rio Tinto
Limited for investing Rs. 2,300 crore on mineral exploration in
Chhatarpur.
Meanwhile, addressing the inaugural session the Chief Minister
Shivraj Singh Chouhan said that the government and the industry
share the common objective of prosperity of the state and the
people. They should work in tandem to achieve this end. He assured
the investors that they would face no difficulty in the state and
he himself would be available to them every Monday for to solve
their problems.
Chouhan said that Madhya Pradesh would soon emerge as the most
developed state of the country as a result of the concrete efforts
and firm determination of the state government. He claimed that
Madhya Pradesh would become not only self-reliant but also surplus
in electricity by year 2013. He said that the government is
committed to achieving double digit economic growth.
Welcoming the investors the Chief Minister said that over the
years Madhya Pradesh has prepared itself for vast capital
investment. He said that side by side industrial development the
state government wants to augment employment opportunities for the
youths. For this, special attention is being paid to skill
development. He called upon the industry sector to come forward to
set up and conduct Industrial Training Institutes in Madhya
Pradesh. He said that the state government has taken the
initiative to take policy decisions in favor of industries and has
come out with an investor savvy industrial policy.
Leader of Opposition in Lok Sabha Mrs. Shushma Swaraj said that
people are the strength of the state. She said that investment in
Madhya Pradesh is a lucrative proposition given its immense
potential and resources. Madhya Pradesh is the Heart Land State of
India and it integrates entire country not only geographically but
also emotionally. It has rich natural resources and the policies
of the state government are progressive and investor friendly.
Besides, the state government has political will and a dedicated
team of officers. Thus, all favourable conditions exist here for
investment. She said that going by the pace with which
infrastructure has been improved in the state it can be said that
it has moved on the fast track of development and prosperity, she
added.
The chairman of Aditya Birla Group Kumar Mangalam Birla lauded the
state government’s approach to industrial development and said
that investor friendly climate has been created in Madhya Pradesh.
He also had a word of praise for social sector schemes implemented
by the Chief Minister Chouhan and said that lopsided
industrialization is not desirable and sufficient for all round
development of the state. He said that Aditya Birla Group is
willing to be partner in integrated development of the state. He
said that his Group would invest in aluminum and cement plants in
Madhya Pradesh.
The chairman of Essar Group Shashi Ruia said that Madhya Pradesh
has immense potential and opportunities for investment in every
region and sector. Expressing his keenness to become partner in
development process of Madhya Pradesh he said that skill and
entrepreneurship development are emerging areas. He talked of
taking up projects for providing training in power engineering. He
also called for all round development of the state. J.P. Gaur of
Japyee Associates said that Madhya Pradesh would be the most
advanced state of the country in every respect in next ten years.
International operational head of Rio Tinto Robert Court
complimented the Chief Minister Chouhan for organizing this Summit
and said that the transparent administrative procedures in Madhya
Pradesh are favourable to investors. Besides, congenial atmosphere
exists here. Court said that with the beginning of diamond mining
Madhya Pradesh would join the select ten leading diamond producing
areas of the world.
Earlier, Chouhan released the new Industrial Promotion Policy of
Madhya Pradesh which would come into force from November this
year.
In his welcome address the Minister for Industries and Commerce
Kailash Vijayvargiya said that previous Madhya Pradesh was known
for bad infrastructure but now it has become the first choice of
the investors. he said that the number of investment projects has
increased three times in the state. He said that about one hundred
investors have not been able to take part in this Summit, but an
opportunities would be provided to them shortly. The process of
investment would continue.
The president-elect of ASSOCHAM Dilip Modi said that under the
leadership of the Chief Minister Singh Chouhan a novel initiative
has been taken to attract investment in the state. He hoped that
the target of Rs. one lakh crore fixed for the Summit would be
exceeded and it would go up to over Rs. three lakh crore. He also
spoke about prospects of PPP in new sectors like human resources
development. He also presented a publication of his company
entitled “Envisioning Global Madhya Pradesh” to the Chief
Minister.
Additional Chief Secretary Satya Prakash dwelt at length on the
prospects of investment in various sectors including IT, food
processing, agriculture, energy, road construction, tourism,
cement industry etc.
Prominent among others present on the occasion included Minister
for Water Resources Jayant Malaiya; Minister for Rural Development
Gopal Bhargava; Minister of State for Energy Rajendra Shukla;
Minister for PWD Nagendra Singh, Members of Parliament Jitendra
Singh Bundela, Veerendra Pathak and Shivraj Singh, Kumar Vikram
Singh.
(pervezbari@eth.net)
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