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HindustanTimes Tue,30 Sep 2014

Global meet: MoUs worth Rs. 93,398 cr land in MP kitty

HT Correspondent, Hindustan Times  Indore, October 30, 2012
First Published: 00:03 IST(30/10/2012) | Last Updated: 00:05 IST(30/10/2012)

Day two of the third Global Investors' Summit in Indore on Monday saw 269 MoUs worth approximately Rs. 93,398 crore being inked, giving chief minister Shivraj Singh Chouhan ample reason to cheer.

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In what will be keenly observed by the CM of another BJP-ruled state, industry captains eulogised Chouhan, with Anil Dhirubhai Ambani Group chairman Anil Ambani going on to say that like his father Dhirubhai Ambani, Chouhan too "dreams with his eyes open".

Ambani, Confederation of Indian Industries president and Godrej group chairman Adi Godrej, Essar Group chairman Shashi Ruia, Bharat Forge chairman Baba Kalyani, Future Group CEO Kishore Biyani, Tata International chairman Balasubramanian Muthuraman, Force Motors' Abhay Firodia were among those who held centrestage.

Representatives from 15 countries added to the sheen.

Ambani announced ADAG would make an additional investment of R20,000 crore in MP in the power and cement sectors. This is over and above the investments worth R30,000 crore proposed in the power and coal sector in the state.

Procter & Gamble CEO Shantanu Khosla announced an investment of R1,000 crore in healthcare and said, "The best government is the government you don't notice. In MP, there are no hindrances or roadblocks."

Essar Group chairman Shashi Ruia said his company had invested R6,000 crore in the power sector in MP.

Tata Consultancy Services announced it would build an integrated campus in Indore for IT and BPO with an initial investment of R550 crore in the first phase.

Leader of the Opposition in the Lok Sabha, Sushma Swaraj, added political weight to the event, but was relatively measured in her praise for the CM. She even pointed to an area of "neglect" and advised forming a "ministry for pilgrimage" for developing pilgrimage spots.

The summit concludes on Tuesday.


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