- BHOPAL: The Global Investors Summit at Khajuraho which concluded on Saturday proved to be bountiful for the central Indian state of Madhya Pradesh as Memoranda of Understandings, (MOUs), were signed in heaps in the presence of famous industrialists of the world as well as India.
- This is bound to pep up the economy of the state in leaps and bounds.
In the two-day conference a total of 107 MoUs were signed worth Rs.2.36 trillion ($53.03 billion) heralding a new dawn for Madhya Pradesh provided that all the MoUs signed in the Global Investors Summit are implemented in letter and spirit within the set timeframe.
On the second day of the summit, MoUs worth Rs.1.15 trillion ($25.92 billion) were signed. On Saturday, 57 MoUs to the tune of Rs.391.15 billion ($8.78 billion) were signed for setting up various industries, 15 MoUs worth Rs.76.08 billion ($1.71 billion) in the energy sector, seven MoUs worth $120 million for food processing units, two MoUs worth Rs.4 billion ($89.89 million) in the health sector and four MoUs worth Rs.2 billion ($44.94 million) were signed in the renewable energy sector.
During the interaction between the representatives of the industry and government officers, it was also made clear that regular monitoring of the MoUs will be undertaken so that industrial units are set up within the stipulated timeframe so that people of the state can be aware of the reality of this exercise at the earliest.
There cannot be better proof of the government and investors' resolve to complete their units, agreements for which were signed during the meet, that all of them agreed to the rules, regulations, concessions, terms and conditions were accepted by both the parties without any hitch or hesitancy. Credit should be given to the Madhya Pradesh Chief Minister Shivraj Singh Chouhan, who convinced and inspired the investors in a cordial and impressive manner.
The graph of achievements of Khajuraho summit is not confined to the activities of just two days but has roots beyond them since many proposals, which were discussed here but MoUs on them could not be signed during the Summit, will be given a new dimension in near future. The industrialists, who participated in one-to-one meetings but could not sign MoUs, are still considering pros and cons of investment in Madhya Pradesh. It means that they are interested to invest in the state in the near future and the foundation of their resolve has been laid at the summit itself.
The chairman of Anil Dhirubhai Ambani Anil Ambani said that investment would be made in energy, cement and education sectors by his company.
Ambani said that he has close relations with Madhya Pradesh. Out of 120 million mobile users of his company, five millions are in Madhya Pradesh.

