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23 June 2012

Chief Minister Shivraj Singh Chouhan proposes Electronic Park for Korean investors in Madhya Pradesh

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By Pervez Bari

Bhopal: During this three-nation visit for attracting investment in the state, the Bharatiya Janata Party ruled Madhya Pradesh Chief Minister Mr. Shivraj Singh Chouhan held one-to-one meetings with Korean investors at South Korean capital Seoul on Thursday and addressed an Investment Promotion Interactive Session. On the occasion, Chief Minister Mr. Chouhan offered to develop an Electronic Park in Madhya Pradesh for Korean investors.
Chief Minister Mr. Chouhan held one-to-one meetings with Executive Vice-President of Samsung Group’s subsidiary C.J. Group Young S. Choi, Chief Executive Director of GENCO Corporation Service Park Jong-Hoon, Managing Director of MECEN Park Jae Chul and senior executives of Dohwa Engineering regarding investment in Madhya Pradesh.

In the interactive session, the Chief Minister dwelt on investment opportunities in Madhya Pradesh and said that Madhya Pradesh government understands requirements of private sector and single-window clearance system has been introduced to ensure that investors do no face any problem. Over 100 delegates participated in the session. Industries Minister Mr. Kailash Vijayvargiya was also present on the occasion.

The Chief Minister said that the state has 10 mega cement plants, six power plants and one aluminium plant (under construction). Large number of iron ore, rock phosphate, ferro-manganese and beneficiation plants are going to start production. Besides, large textile plants are also functioning. The Chief Minister said that several foreign companies like Bridge Stone, Eicher, Volvo, Caparo, Man Force, Lu Geong, Ranbaxy, Lupin, HEG and Avtech have invested in the state. Comparative large areas of non-agriculture land are available for establishment of projects in Madhya Pradesh.

Mr. Chouhan said that establishment of new industrial areas is proposed in 50,000 hectare in Madhya Pradesh. There are immense investment opportunities in proposed Investment Corridor and Delhi-Mumbai Industrial Corridor. The State Government has implemented investor-friendly policies. Investment Promotion Empowered Committee has been constituted. The committee disposes of cases pertaining to industrial projects. The committee has approved 184 mega projects so far. Law & order situation is ideal in Madhya Pradesh and loss of man-days is minimum in the state. He said that regional scheme has been chalked out for development of Pithampur-Dhar-Mhow under Delhi-Mumbai Industrial Corridor. This investment node includes Knowledge City Ujjain, Economic Corridor between Indore airport and Pithampur, Integrated Multi-modal Logistics Hub Pithampur, water supply and sewer treatment scheme at Pithampur and Education Hub Bhopal.

Giving information about immense investment opportunities in automobile, auto components, engineering, textiles, minerals, food processing, energy, tourism, education and other sectors, the Chief Minister invited investors to invest in these sectors.
The Chief Minister also invited all the investors to participate in the Global Investors’ Summit proposed to be held at Indore from October 28 to 30. Over two thousand representatives from all over the world will participate in the summit. Past Chairman of CII and Managing Director of Global Wire Limited Mr. Sunil Chordia proposed a vote of thanks. 

[Pervez Bari is a senior Journalist based at Bhopal, Madhya Pradesh. He is associated with IndianMuslimObserver.com as Bureau Chief (Madhya Pradesh). He can be contacted at pervezbari@eth.net]

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