Indo-US Business l Bi-monthly l   Issue: Sep-Oct 2007     
 

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MADHYA PRADESH
   
   
 

Chief Minister Chouhan Promotes “Brand MP”

'The Heart of India Says It All'
to Win US Investors' Hearts


A high profile business delegation led by Madhya Pradesh Chief Minister Shivraj Singh Chouhan visited the United States from 13 to 20 May 2007 to promote the central Indian state as a global investors' destination. And the youthful Chief Minister succeeded as he went along talking about the strengths of his State and distributing the book “The Heart of India Says It All Madhya Pradesh” to prospective investors.
The delegation comprising ministers, officials and prominent Industrialists from the state interacted directly with prospective investors in the US and actively promoted “Brand Madhya Pradesh”.
In the true Indian Tradition, the members of delegation personally invited the investors to visit India to participate in 'Destination Madhya Pradesh - Global Investors Summit' which will be held in the state commercial capital Indore in October 2007.
Formal and informal meetings were planned at all visiting stations - Los Angeles, San Francisco, San Jose, St. Louis and New York. Advance planning, networking and correspondence exchanged with interested investors proved useful.
Following MoU's and LoIs were signed with prominent organizations from different sectors for major investments to be made in Madhya Pradesh.
• Madhya Pradesh Tourism Development Corporation signed a MoU with Vineyard Resort Incorporation and Red & White Pacific Cartel, leading companies from the Tourism and Wellness Industry.
• For the development of the state's backward and tribal areas, a MoU was signed by TRIFAC with US pneumatic of St. Louis, USA in the field of Carbon credit.
• Another important MoU was signed between Rajiv Kaul of Underhill Capital, a US partnership company and Praveen Garg - Managing Director of TRIFAC.
• Many more firmed project proposals were started with discussions between visiting delegates and a host of NRIs and other interested investors.
An MoU on up-liftment of tribal's through employment by plantation of trees & other activities along with the related business model on Carbon Credit on sharing basis was signed by Dr. Deepak Kant Vyas with TRIFAC.
By involving NABARD, green organizations, World Bank the joint venture shall work towards prosperity of Tribals. The surplus generated shall be ploughed back into the system.
The project shall effectively utilize the waste land & would earn money through Carbon Credits for the State of Madhya Pradesh on shared basis.
A MoU was singed by TRIFAC's Managing Director Praveen Garg with US Under Hill Capital (Rajeev Kaul). The group proposes to set up an IT park at Bhopal or Indore which will be facilitated by TRIFAC.
An interaction business meet attended by more than 250 people was organized at Taj Pierre, New York with the support of Indian Consulate & FICCI. The Indo-US Chamber President, Rajeev Khanna was present on the occasion. One to one meetings were also organized.
The Chief Minister was bestowed with a rare honour (normally given to country heads) of ringing the bell at the New York Commodity Exchange. The President & Vice President of the commodity exchange were present on the occasion.
The Chief Minister had a one-to-one meeting with K. Bhandari of Ramda Hotel Group. The group has shown interest in investing Rs. 100 crore in MP for hotel industry development.
The last programme (luncheon meeting) during the visit was hosted by the powerful group of Indian doctors having membership of more than 44000 doctors at Taj Pierre, New York. The event was attended by Indian Doctors from all over the US. The Chief Minister explained to them about the various opportunities in medical tourism, para medical institutions, hospitals and opening of medical colleges. The Chief Minister stressed the importance of rural sector medical facilities. The doctor's group assured his of providing solutions to rural healthcare.