Bhopal (Madhya Pradesh): Chief minister Mohan Yadav said on Sunday that Madhya Pradesh offered infinite possibilities of investment in all sectors, particularly textiles, adding that land in the state was 40 % cheaper than in Delhi and 100 % cheaper than in Mumbai.

Addressing the gathering of more than 400 investors, ambassadors and diplomats of more than 40 countries during the curtain raiser of the Global Investors’ Summit in New Delhi, the chief minister said Madhya Pradesh was a friendly state for industries and investors.

Along with being rich in minerals and forest resources, it had good rail and air connectivity and was on the path of becoming an industry- ready state. “We have invited industrialists of all sectors,” he said.

Yadav had one to one meetings with more than 15 prominent industrialists, including Jagrut Kotecha (CEO, Pepsico India and South Asia), Puneet Dalmia (chairman, Dalmia Group), Madhavkrishna Singhania (joint managing director and CEO, JK Cement), Vineet Mittal (chairman, Avaada Group) and Vinay Vyas (CEO, Fusion X Energy).

Ambassadors of many countries dubbed Madhya Pradesh as a state full of possibilities and expressed the desire to invest here. The ambassador of Australia spoke about cooperation in education and skill development, while the Albanian envoy spoke about cooperating in the field of urban planning.

The Zimbabwe ambassador assured of partnership in the agriculture sector. To note, the United Kingdom, Germany and Japan are participating as partner countries in the coming Global Investors’ Summit (GIS).

Round table meetings

During the curtain raiser programme, two interactive round table meetings were held, the first with representatives of prominent telecom companies and the second with prominent ambassadors.

In the second round table meeting, the participants were apprised of GIS and investment opportunities available in the state. As many as 51 diplomats and trade representatives of 40 countries attended the meet.