• News by Month

  Select Month February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006

• News by City

  • Bangalore
  • Chennai
  • Delhi
  • Faridabad
  • Gurgaon
  • Hyderabad
  • Kolkata
  • Mumbai
  • Noida
  • Pune

• News by Category

  • NRI
  • FDI
  • Home Loans
  • Real Estate India
  • Banking and Finance
  • Real Estate Developers

« Reliance on Land-buying spree | Home | Explore Your Investment Options »

Red tape gives way to red carpet in MP

The Madhya Pradesh Government laid out the red carpet for investors at the two-day Investors Meet 2007 in Khajuraho on 15th January.

Welcoming representatives from Indian industry and NRIs from the US, Canada, Australia, the Gulf and Japan, the Chief Minister, Shivraj Singh Chouhan assured transparency and trouble-free dealings to entrepreneurs wishing to set up projects in the state. He announced plans to set up industry wise hubs which would be allotted to applicants as per their requirements.

Madhya Pradesh offers good location advantages and a peaceful investment climate, apart from a rich reservoir of natural and mineral resources and non-stop power supply. The government has invested proactively in infrastructure to make the state a viable investment option.

It was a busy day for the MP Government, with as many as 10 MOUs being signed totaling an investment of Rs.158 billion, and 8-9 more expected the next day, taking the figure up to Rs.400 billion. The Oberoi group signed a Rs.1 billion deal to develop a world-class resort in Khajuraho at the Rajgarh palace, and a Rs. 3 million agreement with Cosmo Biofuel for jatropha plantation in the state.

Five agreements were also inked for thermal power plants with an investment of Rs. 146.5 billion – these would generate 3,600 MW. Abhishek Industries will be setting up a textile unit in Sehore with a Rs. 9.63 billion investment, while LFT Overseas Ltd. from Delhi will set up a factory in Mandideep for Rs.600 million.

News Published Under:   Real Estate India | No Comments »

Comments

Name (required)   

Mail (required)      

URL