Global Investors to Hold Summit in Indore

Author: 
Pervez Bari, Arab News
Publication Date: 
Mon, 2007-10-22 03:00

BHOPAL, 22 October 2007 — The preparations are underway on a war-footing for the Global Investors Summit to be held at Indore, the financial capital of central Indian state of Madhya Pradesh, on Oct. 26-27.

According to sources, the upcoming Global Investors Meet of the Madhya Pradesh Government got a boost with around 340 investors attending. Of them, about 100 investors would be from abroad.

Investors from the United Kingdom, US, Gulf countries, Scandinavia and Far Eastern countries like Singapore and Malaysia have confirmed to attendance.

Many Indian top industrialists will attend, including Anil Ambani.

The investors can invest in real estate, tourism, ago-industries or information technology sectors.

Preparations were reviewed during a meeting with the Chief Minister Chouhan at Indore.

Chouhan said that the summit would facilitate inflow of “quality investment” in the state and it would be a landmark event in the history of the state’s industrial development. He said the main idea behind the meet was to sell Madhya Pradesh as an investment destination to the world.

“Madhya Pradesh will become the talking point in India and hopefully in the world,” he said.

He said prospects of rapid industrialization of Madhya Pradesh had increased, adding that the state government would pay attention to development of small-scale industries and try to solve the problems of local industrialists. He said that a 300-day action plan was being implemented for development of small-scale industries.

Meanwhile, the students of Indian Institute of Management (IIM), Indore, have been assigned an important role in the Global Investors Summit-2007.

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