Monday, January 22, 2007: The Investors Meet organized by the Madhya Pradesh Government in Khajuraho concluded on  January 16, 2007 with the total investment commitment notching up to the projected. Rs. 400 billion figure.

The second day of the investors forum with delegates from home and the US, Canada and Japan saw the signing of seven MOU’s worth Rs.240 billion, and nine expressions of interest (EOI). The state government entered into agreements with investors that encompassed the energy, IT, food and textile sectors.

 After the Oberoi group announced its resort for Khajuraho on the first day, Lotus Niko proposed a hotel and convention centre at Sanchi on the second day to tap the tourism potential of the state.

The energy sector received a major boost with 11 projects being signed, signifying the state government’s commitment to non-stop power supply for its investors. Lanco Infratech of Hyderabad inked a deal with the state government to set up a Rs.50 billion power project with a capacity of 1,200 MW. Essar will be installing a 2000MW thermal project in Singrauli, Sidhi district for Rs.92 billion. Additional power capacities of 1000 MW each will be provided by Jindal Pipes at a cost of Rs.40 billion, and by Today Homes and Infrastructure for Rs.45 billion

Besides, a portal hosting the facilitation centre for NRI investors was also launched. The Chief Minister Shivraj Singh Chouhan made a commitment to those present that the aim of his government was to achieve a developed state, and not merely dabble in politics.