Khajuraho today witnessed sixteen investment deals worth Rs 106,147 crore at Global Investors Meet-II organised by the state government. However, the core manufacturing sector shied away from investing in MP.
Sixteen deals were inked today. A total of Rs 3,900 crore investment was committed by private industries in core manufacturing activities.
“Infrastructure is the main hurdle in investment, even after fifteen years when the investment drive began,” said an industrialist who is planning to set up a mining venture.
Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) inked a deal worth Rs 33,147 crore with the state government for creating various infrastructure projects. These projects are likely to come up in Indore, Ujjain, Mhow and Neemuch.
Videocon will invest Rs 18,500 crore in a manufacturing and a power project. The company is planning to set up a white goods manufacturing unit in Budni – the hometown of the state chief minister.
Aditya Birla Group inked a pact for Rs 6,000 crore for three cement and grinding units. National Thermal Power Corporation (NTPC), Essel Infrastructure and GMR Buldelkhand Energy committed Rs 54,970 crore investment in the power sector. The power sector has always remained in limelight in all Khajuraho investors meets.
