E-Paper
MP aims to attract massive investments
The state government plans to bring projects worth Rs 100K crore in the industrial sector by next year.
The Madhya Pradesh government is planning to attract investments worth Rs 1,00,000 crore (approximately $22 billion) in the industrial sector by next year through marketing strategies and events like road shows in Delhi.
Industrial projects worth Rs 87,000 crore (approximately $19 billion) were at different stages of implementation in the state, while an additional investment of Rs 20,000 crore (approximately $4.3 billion) is expected from a road show planned at FICCI's Federation House in Delhi on August 4, State Industries Minister Babulal Gaur told reporters in Bhopal.
Chief Minister Shivraj Singh Chouhan will launch the Global Investors Summit 2007 and inaugurate its website on the occasion, he said.
The government has also planned a meeting of prospective investors, 'Global Destination', in Bhopal in the first week of January next year, which is also expected to yield good returns, Gaur said.
Claiming that industrial projects to the tune of Rs 25,000 crore to 30,000 crore (approximately $5.5-6.5 billion) were on the verge of start, the minister said work on the projects had begun in Pithampur, Bina, Gwalior and Jabalpur.
He said among the proposed projects were Rs 4,800 crore (approximately $1.1 billion) investment in textiles, Rs 1,600 crore in automobiles and auto components, Rs 28,000 crore (approximately $6.1 billion) in engineering and minerals, Rs 5,500 crore (approximately $1.2 billion) in food processing and Rs 350 crore in pharmaceuticals and chemicals sectors.
