Mr Chouhan investment efforts bear fruits

By Muslim Saleem

Bhopal, June 13, 2012

Madhya Pradesh is taking rapid strides in attracting foreign direct investment in industries under the able leadership of Chief Minister Mr. Shivraj Singh Chouhan. This has not only led to establishment of various industries in the stat, but has  also earned precious foreign exchange for the country, reports SMS News & Features.

It may be mentioned here that as part of the Investment Drive Programme being carried out by Madhya Pradesh government, investors’ meets are being organized in different parts of the country and abroad. The Chief Minister Shri Shivraj Singh Chouhan led the delegations of the state to various countries and held road shows there. He visited Singapore and Kuala Lumpur in December 2006, Los Angels, Saint Luis, Saint Jones, New York, San Francisco in U.S., London in May 2007, Germany, The Netherlands and Italy in June 2010 and Dalian, Beijing and Shanghai in China in September 2010.

As a result of extensive efforts put in by Chief Minister Mr Chouhan and his team, foreign Direct Investment ( FDI) to the tune of Rs. 6,060 crore has been made over last seven years in Madhya Pradesh. With this 38 projects are in different stages of establishment.

According to the CMIE, Capex service, 26 projects have already been completed and work on remaining ones is going on apace with this capital investment.

The completed projects include ACCs Kymore Akzo Nobel India Limited, two steel radial tyre projects of Ambuja Cement Limited, Chocolate Confectionery and Confectionery projects of Cadbury India Limited, Computer Science, Geo Mysore, Caparo Engineering India Limiteds cold rolled metal sheets and Dewas Steel Tubes Modernization and Expansion, Computer Sciences Corporation India Private Limiteds Computer Software project and cement sheets project of Everest Industries Limited.

Besides, Dodson- Lindblom Hydro Power Private Limited Birsingpur Hydel project, Everest Industries'cement sheets, Fortune Park Hotel Indore Hotel project, I. T. C.'s Choupal Sagar Rural Mall project, Indo Rama Synthetics ( India) Limiteds two cotton spinning mill projects, Kodak India Private Limited Photochemical projects, Narmada Gelatins Limiteds Gelatin project Jabalpur Gelatin and G. S. L. filament project,, dry cell battery project of Panasonic Energy India Co. Limited, Procter & Gambles additives technology project and two Bunder diamond mining projects of Rio Tinto and Warsila India Limiteds Malanpur captive power project have also been completed.

The next Global Investors’ Meet is going to be held at Indore in October this year. It is expected that MoUs worth huge amounts will be signed at that time. Large sums of foreign direct investment are also likely to be pledged over there since a number of foreign companies are also going to take part in it.