Madhya Pradesh signs four MoUs with Singapore

Singapore: Madhya Pradesh today signed four MOUs with Singapore, including one on a 1,000-megawatt wind energy plant in western part of the state.

The Memorandum of Understandings (MoUs) were signed during business seminar where visiting Chief Minister Shivraj Singh Chouhan gave an insight into the business potential, assuring that the Indian state has 25,000-hectare land bank for setting up industries.

The wind-energy, the biggest of the four investment proposals, was signed by the Department of New & Renewable Energy with Singapore corporation unit, Sembcorp Green Infra Ltd.

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.

Various studies, options and proposals would be studied and considered in further advancing the proposed ventures under the MoUs.

"Madhya Pradesh is industry and investment friendly state," stressed Chouhan, assuring investors that low-cost land parcels are availability around 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.

Chouhan assured investors that the state will continue to build infrastructure, having invested USD 14. 5 billion during financial year 2009-10 to 2013-14.