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Brand MP to be showcased

india Updated: Jan 13, 2007 02:22 IST

ALMOST AFTER a decade, Khajuraho is likely to witness a mega event being organised by the State Government to woo investors – in association with the FICCI — on January 16-17, with an estimated budget of Rs 55 lakh. 

Branded as “Destination Madhya Pradesh - Investors’ Meet”, the objective is to project Madhya Pradesh as an ideal investment destination and accelerate the pace of domestic and foreign investments by showcasing the State’s strength, resources and existing potential to NRIs’ and prospective investors.

A decade back, during the Digvijay Singh regime, a similar exercise was conducted at Khajuraho, with Confederation of Indian Industry (CII) as State’s partner in 1997. The nodal agency then was Audyogik Kendra Vikas Nigam (AKVN). Now, with the change in government, the present partner is FICCI and MPSIDC’s unit Trade & Investment Facilitate Corporation Limited (TRIFAC) is the nodal agency. It was followed be few investors’ meets, but not of this magnitude. 

The Khajuraho meet is a prelude to the Global Investors’ Summit to be held in October. “This meet is a part of the entire Destination MP exercise and a building up process for the global summit to be held in Bhopal,” told TRIFAC managing director Praveen Garg to Hindustan Times.

He said the meet would be followed by series of road shows in Mumbai, Kolkata, Chennai, the US, Europe and Japan before October.

Garg said since TRIFAC is the single-window secretariat for investment issues, it has appointed as the nodal agency. Speaking on success strategy, Garg said the first step of the meet is to create a conducive atmosphere and the next one would be how timely do we respond investors - as a follow-up exercise.

For the first time, the meet would have sectoral discussions – which would make this meet different from its previous ones. On the first day, after the inaugural session, series of discussions would be held on nine major sectors – industry, mining, agriculture & agro-processing, power, forest & environment, logistics, roads, tourism and IT & ITES.

“Either a principal secretary or secretary of each department along with an industrialist of the particular sector would jointly make presentations,” said Garg. In addition, there would be one-on-one business meets and meeting of the Industrial Advisory Council. The next day has been kept for signing of MoUs and agreements, if any.

The State Government has planned to showcase its cost advantage in terms of power, manpower, logistics and fiscal advantage in the meet. The registration fee for foreign nationals is $ 100 and Rs 5000 for the Indians. “We’re expecting nearly 100 investors, out of which nearly 50 would be NRIs”, added Garg.

The major sponsors of the investors meet are JP Group, State Bank of India and Central Bank of India, in addition to few associate sponsors.