CM invited Korean Companies to invest in MP

Seoul. Chief Minister Shivraj Singh Chouhan has invited Korean companies to invest in Madhya Pradesh. He was addressing an investment promotion interactive session at South Korean capitak Seoul on Friday. He offered to develop an Electronic Park in Madhya Pradesh for Korean investors.

Shri Chouhan held one-to-one meetings with Executive Vice-President of Samsung Group’s subsidiary C.J. Group Shri Young S. Choi, Chief Executive Director of GENCO Corporation Service Shri Park Jong-Hoon, Managing Director of MECEN Shri 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 his 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 Shri 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 benefication 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.

Shri Chouhan said that establishment of new industrial areas is proposed in 50 thousand 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 mandays 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 Shri Sunil Chordia proposed a vote of thanks.
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