Preparations afoot for Global Investors Summit at Khajuraho

By Pervez Bari,,

Bhopal: Preparations are underway on a war-footing for the two-day Global Investors Summit to be held at the World Heritage destination Khajuraho in Madhya Pradesh on October 22 and 23. It is believed that over 300 investors’ representatives of industries from India and delegates from 15 countries will participate in the Khajuraho Summit.

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With confirmations already received of 23 MoUs, encompassing an investment of Rs. 9,936 crore, to be signed at the Khajuraho Global Investors Summit the Madhya Pradesh Government can hope to realize its industrial potential.

Besides these, a total 28 MoUs worth Rs. 44,495 crore would be inked during the summit. The most ambitious among the proposed ventures is the one between the Delhi-Mumbai Industrial Corridor Development Corporation and TRIFAC. This proposed project aimed at the development of early bird projects and nodes alone is worth Rs. 30,000 crore.

The Bharatiya Janata Party ruled Madhya Pradesh Government is expected receive an investment of a whopping Rs. 54,431 crore if the already approved MoUs are clubbed with the proposed agreements to be inked at the summit.

It may be mentioned here that Global Investors Summit is being organized at Khajuraho for the second time after January 15-16, 2007. In the previous summit, MoUs worth Rs. 39,000 crore were signed. It is expected that this time MoUs worth more than other summits will be signed. Significantly, at the Indore Global Investors’ Summit, MoUs worth Rs. one lakh 20,000 crore were signed.

The Khajuraho Summit is going to become the most ambitious and prestigious programme this time for Madhya Pradesh. The preparations for inviting investors from the country and abroad were being made for the last one and a half years. With this purpose, industry interactive sessions were organized at several places in India as well as in foreign countries.

At these interactive sessions, the Chief Minister, the Industry Minister and senior officers of the Madhya Pradesh government apprised the investors and industrialists of the better opportunities, available resources and feasibilities of setting up industries in Madhya Pradesh. It is the result of these sessions that 51 foreign investors have given their consent to attend the Khajuraho Summit.

Meanwhile, top industrialists of India have also agreed to attend the summit including Anil Ambani, Kumar Mangalam Birla, Shashi Ruia, Gautam Advani, Venu Gopal Dhoot, Subhash Chandra, Swati Peeramal, Abhay Firodia, M.P. Oswal, Rajinder Gupta, Arun Nanda, Salil Bhandari, Suresh Prabhu, Ravi Saran Sanghi, Baba M. Kalyani, Ramesh Chandra Agrawal, Jaiprakash Gaur, Pramod Mittal and G.M. Rao. Not only this but for the first time Union Ministers will also take part in this programme.

It may be pointed out here that the Madhya Pradesh Government under the leadership of Chief Minister Shivraj Singh Chouhan has been making extensive efforts for attracting domestic as well as foreign investors to the State. In the series, Chouhan had undertaken a trip of Germany, Netherlands and Italy for highlighting the Destination Madhya Pradesh initiative from June 13 to 23.

Meanwhile, the inaugural and concluding functions as well as all the six sectoral sessions will be held at Hotel Clarks at Khajuraho. All the necessary arrangements and infrastructure development for smooth conduct of this ambitious programme are in the final stages.

After the inauguration, the Chief Minister will hold a roundtable meeting with prominent industrialists, which will be followed by first sectoral session. The second sectoral session will be held after the lunch where possibilities of investment in various regions of Madhya Pradesh will be presented. This will be followed by an open session where industrialists and investors will express their views and the Chief Minister, the Industry Minister and officers of the departments concerned with reply to queries. The same day between 3 and 5 pm, Chief Minister Shivraj Singh Chouhan will hold one-to-one meetings with industrialists and investors. At 6 pm, industrialists and investors will attend the high tea offered by the Chief Minister at Hotel Radisson. At 7 pm, Kumudini Lakha and group will present a dance recital at Hotel Taj Chandela following which the Chief Minister will host a dinner in honour of the distinguished guests.

The concluding session of Global Investors Summit will be organized on October 23 between 9 am to 12 noon. Besides the Chief Ministers, Union ministers and prominent industrialists will address the session. MoUs will be signed during both inaugural and concluding session apart from during the one-to-one meetings with the Chief Minister.