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`Proposals worth Rs 4,000 cr negotiated at M.P. Invest Meet'

Our Bureau

New Delhi , Nov. 21

THE PHD Chamber of Commerce and Industry (PHDCCI) has said that investment proposals worth Rs 4,000 crore were negotiated during the day-long `Madhya Pradesh Invest Meet.' The event was jointly organised by PHDCCI and Madhya Pradesh State Industrial Development Corporation in New Delhi.

Leading industrial groups, including the Oswals, Ranbaxy Laboratories, Eicher, Wipro, Hotline, LNJ Bhilwara and JK Industries, which already have their presence in Madhya Pradesh, shared their expansion plans in the State. Inaugurating the meet, the Madhya Pradesh Chief Minister, Mr Babulal Gaur, said the State was on the high growth trajectory with investment proposals worth Rs 5,000 crore already in the pipeline.

In his welcome remarks, the PHDCCI President, Mr Ravi Wig, said in order to attract investments in the thrust sectors of food processing, textiles, automobiles and auto components, pharmaceuticals, information technology and other industries, the new policy should translate the natural and locational advantages of MP into higher investment flows.

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