Madhya Pradesh receives proposals over Rs 5.62 lakh crore from investors around the world
The fifth edition of the government of Madhya Pradesh’s biennial Global Investors Meet attracted 2,630 Intention To Invest (ITI) with a cumulative worth of Rs 5,62,847 crore.
“We are very happy at the response of the prospective investors. We are particularly elated at the industry’s reaction to our offer of 1,25,000 acres of land bank. Within 24 hours of us announcing the offer, we have allotted over 30 land parcels to investors through the state’s online window,” said a jubilant Shri Shivraj Singh Chouhan, Chief Minister of MP.
The investors meet was attended by notable corporate houses including the Hinduja Group. Ambassadors and ministry officials from five foreign partner countries – the UAE, the UK, South Korea, Japan and Singapore were also present at the event. When giant business groups like Reliance ADAG and Hinduja Group are willing to invest in a region or state, it clearly shows the potential of its infrastructure and human resource.
Shri Shivraj Singh Chouhan added, “Our conversion rate for investment proposals (proposals vs actual investments) is 46 per cent – which is hugely satisfying.”
Gopichand Hinduja, co-chairman of Hinduja Group, may have countless international operations, but India means a whole lot more to him and the whole group. Corporate investments bring along new job opportunities, economic, social and infrastructural development.
The Hinduja brothers, especially Gopichand Hinduja, strongly believe that India will soon be the third largest economy on Earth. And things are looking up for the country as it continues to attract Foreign Direct Investment (FDI).
The investment summit held in Bhopal is bound to improve things further for India and MP. The summit effectively displayed the industrial prowess and strengths of Madhya Pradesh, besides providing a platform for interaction with the bureaucrats, industry captains policy makers, investors, professionals and academia.