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MP to present report card on industrial investment

by October 20, 2016 General

CM Shivraj Singh Chouhan is all set to woo investors for both – Make in Madhya Pradesh as well as foreign investment

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Prime Minister Narendra Modi, during the state’s biennial Global Investors Summit hosted in Indore in 2014, had asked states to chase worth $100 billion that was knocking on India’s doors.

A day before Modi’s call, Chief Minister had announced he would pitch for Make in Madhya Pradesh. Two years later, at the Global Investors Summit this weekend, Chouhan is all set to woo investors for both — as well as foreign investment.

“FDI worth $100 billion is expected to flow into the country. Now, it is up to a state to rise up and snatch its share,” Modi had said at the 2014 summit. A galaxy of investors was present on the occasion, including Mukesh Ambani, Gautam Adani, Cyrus Mistry and Adi Godrej then. The PM is unlikely to be present this time at the summit being hosted in Indore again.

Chouhan has made a series of visits to the US, Japan, the UK, Singapore and China, but the results of these trips are yet to be disclosed to the public. He will probably have a few names to corroborate claims about the campaign.

“The chief minister will present a report card of previous investors’ meets and highlight what the state has to offer in the forthcoming Global Investors Summit. We received expressions of interest for investment of Rs 5.5 lakh crore in the previous Global Investors Summit held in 2014. A fair percentage is off the drawing board and various projects are taking shape across the state,” Industry Minister Rajendra Shukla said.

Government sources said Chouhan might put a figure of Rs 3.5 lakh crore to projects that were taking shape in Madhya Pradesh as the outcome of previous Global Investors Summits.