Indore biz Meet: Deals over Rs 1 lakh cr inked

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Indore, Oct 27 (UNI) Investment-linked agreements amounting to more than Rs 1,00,000 crore have been inked during a two-day Global Investors' Meet at Madhya Pradesh's commercial capital.

The event is being viewed as a milestone in the state's industrial development as the memoranda of understanding far exceeded the government's expectations, an official spokesman said today as curtains descended on the Meet.

The meet has attended by a galaxy of business magnates including Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani.

The ADAG top boss virtually stole the show when his Group signed a deal yesterday itself for injecting a whopping Rs 50,000 crore into Madhya Pradesh.

Federaton of Indian Chambers of Commerce and Industry Secretary-General Amit Mitra was among the dignitaries.

From this morning, company' representatives were inking agreements in the presence of Chief Minister Shivraj Singh Chouhan, his ministerial colleagues and officers. The companies included ACC Limited and the Hyderabad-based Sanghi Industries Ltd.

The deals related to investment in power, cement, pharmaceuticals, technical education and aviation sectors. More than 300 investors and industrialists from India and abroad took part in the Meet.

UNI

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