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2014-10-09

Modi to inaugurate Global Investors\' Summit in MP today

The three-day meet began with a session on small and medium enterprises

Prime Minister Narendra Modi will inaugurate Madhya Pradesh government's mega investor meet that will feature billionaire Ambani brothers - Mukesh and Anil, Adani Group head Gautam Adani and Tata Group chief Cyrus Mistry among a host of other industrialists.

 

Other prominent industrialists expected to attend the Global Investors' Summit here include Essar Group's Shashi Ruia, Kumar Mangalam Birla, Adi Godrej, L&T's A M Nayak, retailer Future Group chief executive Kishore Biyani, ITC Chairman Y C Deveshvar and DCM Shriram Ltd head Ajay Shriram.

 

Sources said Modi is likely to make a 30-minute speech at the inaugural session, which will be followed by nearly two hours long CEO's session where 14 industry leaders will make 4-5 minute speeches on investment opportunities in Madhya Pradesh.

 

The report stated that this will be the first occasion since Vibrant Gujarat, the grand investors meet that Modi as chief minister conceptualised to promote the state as an investment destination, to feature industry bigwigs on the same dias.

 

Madhya Pradesh Chief Minister Shivraj Singh Chouhan is aimed to make his state a top investment destination in the country.

 

The three-day meet which began with a session on small and medium enterprises, will culminate on Friday with a valedictory session featuring Commerce and Industry Minister Nirmala Sitharaman, I&B and Environment Minister Prakash Javadekar and Labour and Steel Minister Narendra Singh Tomar.

 

As per the state government, over 32 countries, including Australia, Canada and South Africa are participating in the summit. It further said there are 3,550 confirmed participation from business delegates and 189 Guests of Honour who are captains of the industry.

 

In the infrastructure sector, the capital investment in the state during the past five years is estimated at over Rs 87,250 crore.

 

"In the last two years, favourable policies and healthy business environment have resulted in the implementation of 2,330 projects with an investment outlay of Rs 1,62,363 crore. These projects are either complete or under various stages of implementation," the state government said.

 

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