Investment meet at Khajuraho

Buoyed by responses from tycoons like Pramod Mittal, Shashi Ruia, Swati Piramal, Sajjan Jindal for its ‘Destination Madhya Pradesh’ investment drive at Khajuraho on October 22, state government is upbeat on attracting more investment in power and infrastructure sector.

Chambers like Assocham have also chipped in to set the stage for the mega show which is likely to cross expenses of Rs 10 crore in two days. The biggest deal is likely to be signed by Delhi Mumbai Industrial Development Corporation (DMIDC) and MP Trade and Investment Felicitation Corporation Ltd (MPTRIFAC) for Rs 30,000 crore to set up early bird projects and another deal for Rs 4,000 crore for Chainpura Power project.

“We are likely to attract more than Rs 1.50 lakh crore investment deals in the show. In our earlier programmes organised at Indore and Khajuraho we set the agenda for the state, now inquiries are pouring in and investors have queued up. We have various investment proposals to choose from,” MPTRIFAC managing director Anil Jain said.

On the other hand, investors have complained that negativity of officials is yet the biggest hurdle. The ‘Single Table’ concept floated by state chief minister Shivraj Singh Chouhan has failed to take off. “The seriousness of the government machinery is evident from the fact that there is no waiting room for investors in the secretariat,” an investor said on condition of anonymity.

Companies like Akzo Nobel, Grasim, Maxworth Spinning, Essar, Videocon and Emami Cements are prime among those who have committed a deal of Rs 44495.30 crore in the meet. Besides few companies including Mahindra & Mahindra are likely to sign deals for food and agri processing.

Among power companies, GMR Bundelkhand, Videocon Industries, Era Infra, Ojas Energy, NTPC, Nuclear Power Corporation are also likely to sign deals.

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SUMIT KUMAR

Executive at India Electron Exchange

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