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Global investors fail to catch local lingo

It was not the food, nor was it the weather, but the speeches in Hindi by some speakers that stumped the foreigners at the Global Investors Summit.

bhopal Updated: Oct 30, 2012 14:45 IST
HT Correspondent

It was not the food, nor was it the weather, but the speeches in Hindi by some speakers that stumped the foreigners at the Global Investors Summit. But besides this, the foreign guests were positive about the investment climate. Consulate general of republic of Singapore, Chung Ying Lin, who was on his second visit to the state was one such person. “I could not follow the speech as they were delivered in Hindi,” he said. Lin who was here to get to know the state better said if at all there is a collaboration, we might probably think of water supply projects. We may also look towards food processing. He said that agricultural produce like soyabeans can be used for other products for East Asian people.

Though Joseph Gamliel, CTO, Dmulasia Solar Energy Pvt Ltd was impressed by the way event was organised, the language barrier was a major hurdle for him. “The only thing I did not like was that they were speaking in Hindi and I could not understand a word.” Talking of investment he said that the state is blessed with sun and is free from clouds and you should use it. It is a good place to do something in solar. I see MP booming in future. We are setting up a solar power project in Mandsaur area. We are impressed with the speed with which the chief minister has taken decisions.

Matti Kaarnakari, managing director, Fortum, Finland, whose India office is based in Gurgaon said, “We are looking at smaller power plants in the state and I believe that we can provide good technology for these plants.” He said this was his first time to Indore and Madhya Pradesh, but he appeared impressed by the positive response he received from the state government.

Michael Ott, Deputy Consul General, Germany said that he had come to India mainly to explore how the state is trying to present itself to the investors as base for investors coming from Germany. “I am working for the government, so I am here to get an overview of all the sectors from tourism to pharmaceutical to health to IT. I think so far in this state we have been pretty strong in the machinery sector, if you see the stalls we have put up in the exhibition,” he said. We already have some companies that do production in the state. I think the state has huge potential, but the question is always, will it be followed up, he asked

Naoyoshi Noguchi, head of Japan External Trade Organisation, said MP has big potential in the area utilising the rich natural and human resources. I would like to see more trade relations between Japan and MP. A very prominent Japanese company, Bridgestone, is operating near Indore. The state has huge potential, but we must provide more information to Japanese investors about MP.

British deputy high commissioner Peter Beckingham saw great potential in MP, and was encouraged by the steps being taken by the government. He said that British industrialists could invest in health care, education and transport sectors in Madhya Pradesh. Consul general, Japan, Kiyoshi Asako said, “Global Investors Summit is a good chance to study the business possibilities in MP. We believe that information about MP is not spread much.” We are collecting information about the possibilities that exist in MP. We want to pass it on to Japanese companies and let them decide. For us, India is a preferred destination as Japanse companies are looking for fresh business pastures. Two of our companies Bridgestone and Sanoh are already in India.”