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Corporates, PSUs commit Rs 6.89 trillion to MP

Corporates, PSUs commit Rs 6.89 trillion to MP
'We have decided to attach one officer each with all serious investors,' state's Chief Minister Shivraj Singh Chouhan told reporters at the closing of the event here.

Union Minister for Chemicals and Fertiliser Ananth Kumar announced that the Centre will set up a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at a cost of Rs 1 lakh crore near the Bina petroleum refinery in Madhya Pradesh. The state government received more than 3,160 EOIs in this year's summit. The government claimed that investment worth over Rs 1.82 lakh crore were received after the last summit in 2012. The next summit will be held
in Indore in 2016.

The Madya Pradesh government in a statement said PSU's have also shown interest in the state.
Their proposals include NTPC's Rs 24,000 crore in power plant project. Steel major SAIL has committed Rs 13,500 crore; Rs 22,000 crore in petroleum sector by BORL (Bharat Oman Refinery Ltd), Rs 12,000 crore in fertiliser plant by NFL and Rs 28,000 crore in mining segment by NMDC and NALCO. The Chief Minister said the state government did not talk about 'Memorandum of Understanding' with interested investors, but rather presented Madhya Pradesh as a brand and good investment destination.

On PCPIR, Ananth Kumar at the valedictory function said, 'There had been two meetings between me and Petroleum Minister Dharmendra Pradhan and MP Chief Minister Shivraj Singh Chouhan. At Bina refinery, between Gwalior and Bhopal Government of India will set up a PCPIR. 'The PCPIR project cost will be Rs 1 lakh crore. This I would like to announce'.

Union Minister for Steel, Mines and Employment Narendra Singh Tomar said NMDC and NALCO will set up a thermal power plant in Madhya Pradesh at a cost of Rs 22,000 crore once the issues following cancellation of coal mines by the Supreme Court are resolved and the two state owned firms get coal mines.

'Following the Supreme Court order on coal blocks there is uncertaity regarding coal block of NMDC.... Power Minister and Coal Minister Piyush Goyal (who was also present there) is saying a way will be found...then NMDC will invest Rs 3,000 crore in power plant and NALCO will invest Rs 19,000 crore in power plant,' he said. Power and Coal Minister Piyush Goyal said state run NTPC has signed a EOI for setting up a 750 MW solar based power plant in the state.

He said if the state government would provide land, Coal India too would invest in setting up a 1,500 MW solar plant. 'Together the two are ready to invest Rs 20-22,000 crore' in the power sector, Goyal added.

Goyal further said tenders would be issued in 2-3 months for two more power projects of NTPC in the state. The plants are proposed at khargaon (1320 MW) and Bareli, (2640 MW) in the state.

J P Gaur of diversified firm Jaiprakash Associates promised an investment of Rs 35,000 crore and also offered to develop Rewa as a smart city.

Ambani brothers -- Mukesh and Anil -- pledged an investment of Rs 50,000 crore, Gautam Adani of Adani Group announced Rs 20,000 crore, followed by Suzlon's Tulsi Tanti Rs 15,000 crore. Industrialists who announced their investment plans include Welspun's Sindoor Mittal (Rs 5,000 crore), Essar group's Shashi Ruia (Rs 4,000 crore) and Future Group's Kishore Biyani (Rs 2,000 crore) and Symbiosis open education society (Rs 200 crore).
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