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Success hinges on investors? turnout

THE SUCCESS of a two-day Destination MP- Investors? Meet beginning at Khajuraho from January 16 is likely to depend on the turnout of prospective Indian investors and NRIs and investments promised thereafter.

india Updated: Jan 15, 2007 02:16 IST

THE SUCCESS of a two-day Destination MP- Investors’ Meet beginning at Khajuraho from January 16 is likely to depend on the turnout of prospective Indian investors and NRIs and investments promised thereafter.

At the Pravasi Bharatiya Diwas meet in New Delhi, the State Government did a scouting exercise to woo prospective investors to get them registered for the Khajuraho meet. According to some eyewitnesses present at the meet in Delhi, Chief Minister Shivraj Singh Chouhan invited industrialists to visit the State.

An official source at Trade & Investment Facilitate Corporation Limited (TRIFAC) – the nodal agency instrumental for organising the Khjuraho meet — told the Hindustan Times that efforts have been made to get nearly 100 participants, out of which 50% would be the NRIs. As per the latest list available with the HT, the total number of participants, NRIs and guests who confirmed their participation is 97.

Of these 36 are the NRIs. The overseas participants will be from the USA, the UAE, Australia, Peru, Singapore, China and Dubai.

The last day of the investors’ meet is expected to see signing of a few MoUs in the power and engineering sectors. “Talks regarding signing of MoUs were held earlier and on the basis of it, final inking would be done at Khajuraho,” the source added.

The State Government expects that after sectoral presentations (on nine sectors), possibilities of investments in those sectors will be higher.

The nine major sectors earmarked for technical discussions are — industry, mining, agriculture & agro-processing, power, forest & environment, logistics, roads, tourism and IT & ITES. “This effort is first of its kind in MP and joint presentations would be made either by a principal secretary or secretary of each department along with an
industrialist of the particular sector,” said TRIFAC managing director Praveen Garg.