INDORE, India, 29 October 2007 — The Global Investors’ Summit here at Indore, the financial capital of central Indian state of Madhya Pradesh, concluded on Saturday on a high note after 102 memorandum of understandings, (MOUs), with investment proposals worth Rs.1,20,541 crore (about $30.135 billion) were signed during the two-day mega event.
On the second day of the summit 97 MOUs worth Rs.58,641 crore (about $14.66 billion) in sectors ranging from real estate, IT, education, health, manufacturing and agro-processing were signed.
As many as 400 domestic and 125 foreign delegates participated in the summit. The overseas delegates were from the US, United Kingdom, Switzerland, China, Ukraine, Malaysia, China, Finland, UAE. etc.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan declared that the summit was a historic success. He said the scale of the investment proposals would help to create jobs for the people of the state and hike its revenue.
He said the signing of 10 MOUs in education sector exemplifies the fact that Madhya Pradesh will soon emerge an important educational hub of the country. Under the MOUs, as many as 10 private universities will be opened in various parts of the state including Indore, Bhopal and Gwalior.
Forty eight MOUs were signed in industry sector, attracting the investment proposals to the tune of Rs.46,363 crore (about $11.59 billion).
The second highest number of MOUs were signed by the state government in education sector which attracted investment proposals worth Rs.2731 crore (about $682.75 million). This was followed by food processing where MOUs worth Rs.2224 crore (about $556 million) were inked.
Among other sectors, a total of 12 MOUs were singed in IT sector with an investment proposal of Rs.6407 crore (about $1.60175 billion), followed by six MOUs worth Rs.54,846 crore (about $13.7115 billion) in power sector.
In terms of investment, power sector has attracted maximum number of investment proposals worth Rs54,846 crore (about $13.71 billion).
The summit has been made possible after nearly two years of work done with several roadshows to woo investors from all over India and abroad.
