Japanese and Korean companies to make large scale investments in MP

CM to return on October 8 after successful foreign trip

Bhopal, October 8, 2015 (Muslim Saleem):  Chief Minister Mr. Shivraj Singh Chouhan will return to Bhopal on October 8 after successful visit to Japan and Korea for foreign investment promotion in Madhya Pradesh . Japanese investors have evinced keen interest in investment in infrastructure, metro rail project, industrial township in Madhya Pradesh, scientific warehouses, alternative energy, construction industry, electronics development and manufacturing and development of Smart Cities. In the presence of Mr. Chouhan, a Memorandum of Cooperation was signed between officers of Japan External Trade Organisation for setting up Japan Industrial Township in the state. Southeast Asian companies are very enthusiastic for investment in Madhya Pradesh following Chief Minister Mr. Chouhan’s 10-day visit. Several companies and investors informed the Chief Ministers about their plans for large scale investment in Madhya Pradesh.

On the first day of his Japan-Korea visit, proposals of Rs. 15 thousand crore investment were received for improvement in basic infrastructure in the state, specially Bhopal-Indore metro rail project, power transmission reforms and rural drinking water schemes. Mr. Chouhan also held discussions with Japan International Cooperation Agency (JICA) on laying of railway line between Bhopal and Indore costing Rs. 12 thousand crore. JICA will soon send a technical team to Madhya Pradesh to study feasibility of the project. JICA also sanctioned Rs. 1038 crore loan for Madhya Pradesh Transmission System Modernization Project. The project aims at further strengthening and improving power transmission system.