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Bhopal City
More industrial groups evince interest in investing in Madhya Pradesh
11-11-2014

BHOPAL: Apart from the industrialists who evinced interest in investing in Madhya Pradesh at Global Investors Summit, other major industrial groups are also presenting proposals for setting up units in the state.

Representatives of Mine Corp India and Palladam Hi-tech Weaving on Monday met Chief Minister Shivraj Singh Chouhan and presented their proposals. A representative of Ultratech Cement also called on the Chief Minister. Mineral Resources and Energy Minister Rajendra Shukla and Chief Secretary Anthony de Sa were also present on the occasion.

Chairman of Mine Corp India Sajid Khan informed that his company intends to set up a global-level stone processing unit in Madhya Pradesh with estimated capital investment of Rs 1,100 crore. Better quality sandstone, granite and marble are available in Madhya Pradesh.

About 4,000 people will get employment through this unit. Products of the unit will also be exported. Chief Minister Chouhan directed to take prompt action on Mine Corp’s proposal and permissions given through single window and transparent process.

Director of Palladam Hi-tech Weaving V Rajkumar informed that he wishes to establish an Rs 500 crore high-tech textile park project in Madhya Pradesh which will have 100 weaving units and will provide employment to about 5000 people.

This project will boost textile industry in the state. It is noteworthy that this group has industrial projects at a number of places in South India including Coimbatore. The group has come to Madhya Pradesh inspired by the Chief Minister’s Coimbatore visit.

The Chief Minister directed that the group should be shown proposed places for the project today itself. Senior Executive of Ultratech Cement RM Gupta met the Chief Minister and informed him about Greenfield Cement Project to be established in Satna. It will be set up with capital investment of about Rs 3,000 crore and will provide employment to about 5,000 people.

Principal Secretary to CM SK Mishra, Secretary Mineral Resources Shiv Shekhar Shukla, Secretary Industries Anupam Rajan and TRIFAC’s MD DP Ahuja were also present on the occasion.