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Investors’ meet a big hit in M.P.

BHOPAL: Thirty-six memorandums of understanding amounting to over Rs.29,549 crore were signed at the Bundelkhand Investors’ Meet at Sagar in Madhya Pradesh on Friday. At the inaugural session, 14 MoUs for projects worth Rs.14,257.20 crore were signed in the presence of Chief Minister Shivraj Singh Chauhan.

Addressing the investors, the Chief Minister said Bundelkhand is blessed with immense natural resources but it is a paradox that the majority of people living in this region are poor and backward. “We want to change the face of Budelkhand,” he said, adding, “It is our mission to ensure Bundelkhand’s development on the socio-economic, infrastructure and industrial fronts along with other regions of the State.”

Mr. Chauhan said the State earlier lacked the atmosphere for industrial growth. Giving credit to his Government’s new work culture, he said Madhya Pradesh has now emerged as an ideal State for industrial growth. “We have not been satisfied merely by signing MoUs but have maintained the stand that any MoU that fails to take off within six months would be cancelled,” he said, adding that work had begun on 70 per cent of the 180 MoUs signed so far.

The Chief Minister said it was no longer possible to subsist on traditional farming methods and the Bundelkhand Meet was part of a strategy to combat two years of continuous drought. To remain in the mainstream, the pace of industrial growth would have to be speeded up. Through industrialisation it would be possible to generate more jobs for the Bundelkhand youth, he asserted.

The Meet was attended by about 110 investors, including companies from the Netherlands and Britain.

The Bundelkhand Investors’ Meet is the fourth in a series organised by the Government under the “Destination Madhya Pradesh” programme.

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Investors’ meet a big hit in M.P.

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