Bhopal: The Madhya Pradesh government, which has set an ambitious target of achieving 12 percent growth rate by 2013, on Monday signed two MoUs worth Rs 1,638 crore for giving a boost to industrialisation in the state.
The first MoU, worth Rs 1,500 crore, was inked between Pune-based Kalyani Forge Ltd and Madhya Pradesh Trade and Investment Felicitation Corporation (TRIFAC), while the second one, worth Rs 138 crore, was concluded between Kesar Multi-Logistics Ltd and Madhya Pradesh State Agriculture Marketing Board (MPSAMB).
Chief Minister Shivraj Singh Chouhan on the occasion said investment-friendly climate is prevailing in the state. MP has already achieved 10 percent growth rate and has now set a target of 12 percent by 2013, he said.
Speaking on the occasion, Kalyani Group Head Baba Kalyani said his company will set up a sponge iron plant in Shahdol district besides putting up a 150 MW captive power plant in the region with a total investment of nearly Rs 1,500 crore in next three years.
The plants will generate direct employment to 250 persons and provide indirect jobs to over 1,000 people in the region, he said.
Kesar Multi-Logistics will set up a multi-modal logistic hub on 88 acres near Itarsi town in Hoshangabad district with an investment of Rs 138 crore.
First Published: Monday, October 24, 2011, 21:04