MP Govt inks 36 MoUs for investment worth Rs 29,548 cr

Sagar, MP, Apr 11 (UNI) The Madhya Pradesh government today inked 36 Memorand of Understanding (MoUs) worth nearly Rs 29,548 crore at the Bundelkhand Investors' meet here.

Inaugurating the meet, Chief Minister Shivraj Singh Chouhan said Madhya Pradesh was an ideal state for investment.

''The government has effected changes in its industrial policy.

There is immense potential for establishing industries in Bundelkhand,'' Mr Chouhan told the gathering of 110 investors from various companies.

About 500 representatives from the state took part in the meeting, which saw participation by top-notch companies including Rio Tinto, Reliance Industries, ACC Cement, Manglam Cement and other major companies.

Investment proposals worth more than Rs 2,100 crore pertained to the Bundelkhand region. Calcutta-based companies appeared more interested in this region. Rashmi Cement Ltd would invest about Rs 1,000 crore in steel and power sectors.

Three investors meets have already been organised in the state.

These meets were held at Khajuraho, Indore and Jabalpur. During these meets, 181 MoUs were inked for investment to the tune of Rs 2.16 lakh crore. Eighteen MoUs worth Rs 39,000 were signed at Khajuraho, 102 MoUs to the tune of Rs 1.20 lakh crore at Indore and 61 MoUs amounting to Rs 56,829 crore were inked at Jabalpur meet.

UNI XC-PS MP AS2049