Saudi Arabia, UAE to attend Global Investors Summit in MP

By Pervez Bari,,

Bhopal: Stage is all set for the two-day Global Investors Summit to be held at the World Heritage destination Khajuraho in the central Indian state of Madhya Pradesh from tomorrow.

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With the addition of Saudi Arabia and United Arab Emirates, (UAE), industrialists from 20 countries would now be participating in the Global Investors Summit.

Earlier, there were delegates from 15 countries which were expected to come for the Summit. The entrants apart from Saudi Arabia and UAE are: United States of America, Canada, Korea, South Africa, Singapore, Botswana, Germany, The Netherlands, Hong Kong, Malaysia, Taiwan, Australia, New Zealand, United Kingdom, Finland, Austria, Italy and hosts India.

Over 400 industrialists and representatives from 180 Industrial Groups from India and abroad would be participating in the Summit which would be inaugurated by the Madhya Pradesh Chief Minister Shivraj Singh Chouhan.

After the inauguration there would be sectoral presentation of different subjects. As many as 14 MoUs worth Rs. 95182 million (21.48 billion USD) are proposed to be signed on Friday. On the next day (October 23), MoUs are proposed to be signed for 43 industries and 13 investments projects in energy sector. Total investment of more than Rs. 1120 billion (25.27 billion USD) is expected in these investments.

Federal Minister of State for Heavy Industry Arun Yadav, Madhya Pradesh Industry and Commerce Minister Kailash Vijayavargiya, Chairman of Anil Dhirubhai Ambani Group Anil Ambani, Chairman of Essar Group Shashi Ruia, Aditya Birla Group Chairman Kumar Mangalam Birla, Adani Group Chairman Gautam Adani, Videocon Industries Chairman Venugopal Dhoot, Chairman of Essel Group Subhash Chandra, ASSOCHAM President elect Dilip Modi, Managing Director of Man Force Abhay Firodia, Executive Chairman of Jaypee Associates, Manoj Gaur, Non-Executive Chairman of Jaypee Associates, Jai Prakash Gaur, Chairman & Managing Director of Bharat Forge Limited Baba M Kalyani, Chairman Vardhman Group S P Oswal, Rio Tinto Global Head Robert Court, Rio Tinto Global Head of Diamonds Bruce Cox, Ispat Group Chairman Pramod Mittal, Managing Director Vinod Mittal, C M D of Sanghi Group of Industries Ravi Sharan Sanghi, CII Western Region Chairman Arun Nanda, Senior Vice President of PHDCII Salil Bhandari, ILFI Chairman Suresh Prabhu, GMR Group Chairman G M Rao, Managing Director of Abhishek Industries Ltd. Rajinder Gupta, Chairman of Hinduja Group Ashok Hinduja, Bhaskar Group Chairman Ramesh Agrawal will be participating the Summit.

County Magistrate of Changhua County Government, Taiwan, Cho Po-Yuan, Deputy High Commissioner of British High Commission, Mumbai, Peter Beckingham and Taipei Economic and Cultural Centre, Delhi Ambassador Wenchyi Ong will be present at the Summit as guest of honor.

It may be recalled here that Global Investors Summit is being organized at Khajuraho for the second time after Jan. 15-16, 2007. In the previous summit, MoUs worth Indian Rs. 390,000 million ($8.76 billion) 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 Indian Rs. 12,000 billion ($26.95 billion) were signed. ([email protected]).