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27 June 2012

Overwhelming response from investors in Singapore for investment in DMIC projects

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By Pervez Bari

Bhopal: On the last leg of three-nation visit for attracting investment, Madhya Pradesh Chief Minister Mr. Shivraj Singh Chouhan met captains of industry and trade of Singapore on Tuesday and held talks with them regarding investment in Madhya Pradesh.

The trade and industry community of Singapore evinced keen interest in the Chief Minister’s visit and investment in the state. A 22-member delegation and Industries Minister Kailash Vijayvargiya accompanied him.

Chief Minister Mr. Chouhan held talks with representatives of over 20 leading corporate houses in Singapore this morning. They included Jonathan Yap, CEO of Ascendas, Lee Theng Kiat, President of Temasek, Wong Khei Theen Sr. VP of Hyflux, Tang Tat Kwong, Group President & CEO of Jurong Consultants and Shahidhar, Senior Vice-President of Agro Corp International amongst others,

The key discussions were around investments in the areas of food processing, infrastructure development and tourism. Most of the companies expressed their eagerness to work on Delhi-Mumbai Industrial Corridor, (DMIC) and Industrial corridor projects. Further, companies indicated that they will make a visit to Madhya Pradesh soon.

MPTRIFAC also organised an Investment Promotion Session to showcase opportunities for investment and discussed cross-border partnerships in advance of the much-awaited Global Investors’ Summit in October 2012. The session Organised with the support of CII and Ernst & Young recorded an overwhelming response from the Singapore business community and was attended by over 100 delegates.

Chief Minister Mr. Shivraj Singh Chouhan also met Mr. Lim Hang Kiang, Minister for Trade & Industry, Singapore. Both dignitaries discussed various opportunities for investment and cross-border partnerships in the areas of infrastructure development, skill development and promoting tourism.

Chief Minister Mr. Shivraj Singh Chouhan requested formally to Singapore Government to become partner country for Global Investors Summit and also invited them to visit with a delegation to GIS in October 2012. The Chief Minister also mentioned that the existing water reservoirs such as Tawa, Indira Sagar, Gandhi Sagar, Upper Lake at Bhopal etc. can be developed on the lines of Sentosa Island. During the meeting, it was discussed that both the Governments would explore the direct flight connectivity between Bhopal/Indore and Singapore.

Madhya Pradesh’s business delegation extended a warm invitation to business leaders, investors, corporations, academic leaders and policymakers to participate in the ensuing Investors Summit scheduled on October 28-30, 2012, in the financial capital of Madhya Pradesh, Indore. This global summit is expected to serve as the perfect platform to understand and explore business opportunities available in Madhya Pradesh. It also offers an opportunity to showcase products & services, hold B2B meetings and also proposes to deliberate issues of global and national importance through discussion forums and panel discussions. 

[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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