Source: Madhya Pradesh release.
Madhya Pradesh has signed four Memorandum of Understandings (MoUs) with Singapore entity, one of which is a 1,000-megawatt wind energy plant in western part of the state.
The MoUs were signed during seminar held on December 14, 2016, as part of the state’s Chief Minister Shivraj Singh Chouhan’s business promotion visit to Singapore.
The wind-energy, signed by the Department of New & Renewable Energy with Singapore corporation unit, Sembcorp Green Infra Ltd, is the biggest in term of investment dollars.
The other MoUs were signed by the Directorate of Town & Country Planning with Singapore Cooperation Enterprise; Department of Technical Education and Skill Development with ITE Education Services of Singapore; and India’s LT Food Ltd with Singapore-based DSM Nutritional Products. These would cover urban planning, capacity building/skill training and food processing.
Chouhan assured investors of low-cost land parcels for setting up industries at Indore, Ujjain, Jabalpur and Gwalior, the main industrializing cities as well as the state capital of Bhopal.
There is no shortage of skilled manpower, power and water for industries in the state, he added, pointing to the availability of raw resources including diamond, coal, copper, limestone, diaspore and pyrophyllite, he stressed.
Meanwhile, a Singapore-based company is applying to set up manufacturing plant at the state’s Pithampur industrial township which is reserved for investors from South East and Far East Asian countries.
“We are filing our application for a manufacturing facility to produce water filter bags for drinking water,” said Mahesh Balakrishnan, director of Agronic International Pte Ltd.
If approved, it would set up a plant for making 5,000 pieces of “surgical plastics” bags which process 10 kg of drinking water at one fill.
“We have received initial inquiries for 80,000 bags per year from India,” he disclosed.
He said Agronic will conduct a trial sale during the April Kumbh mela in Madhya Pradesh.
Commenting on other investment potential, Balakrishnan said “Singapore investors would like to manufacture, automotive components, Pharma and Healthcare products and all kind of fabrications.”
The state is also suitable for sourcing agro-commodities for foreign investors, especially those planning to set up food processing industries, he said. fii-news.com
