Ghildiyal of Globe One Inc. will invest $10 million in
CM of Chhattisgarh signed (MoU) to set up a 1,000 MW
May 25, 2005
The Chhattisgarh Chief Minister, Raman Singh, during his
maiden visit to the United states and Canada signed a
memorandum of understanding (MoU) to set up a 1,000 MW
power plant in his state.
Chhattisgarh CM, among other firm investment proposals,
also received a letter of intent from a successful
Indo-American businessman to invest $10 million (over Rs
43 crore) in medicinal plants, herbs and bio-fuel in the
has been a highly successful trip for states's
development and attracting investment in Chhattisgarh,"
Singh told HindustanTimes.com over telephone from
Orlando, on his way to Washington.
Washington DC, Singh leading a high level delegation
from Chhattisgarh, left for New Delhi via Amsterdam. He
is scheduled to reach Delhi on May 26.
made as many as eight presentations before American
businessmen and non-resident Chhattisgarhians in various
cities of the United states and at Toronto in Canada,
said the MoU to set up the 1,000 MW coal-based power
plant was signed with the Taxes Power Corporation at
Tempa on May 22.
decision about the place of the power plant, at an
estimated cost of Rs 4,000 crores would be taken in
consultation with the state Investment Promotion Board
later, he said.
people at all these meetings expressed a keen interest
in making investment in the state, particularly in the
field of bio-fuel, medicinal plants and herbs and adding
some values to it.
million investment proposal has been received from Globe
One Inc, owned by a NRI Vinod Ghildiyal. Beside this, he
said people also expressed avid interest in areas of
power plants and commercial use of fly-ash. "The
state is fast emerging as a favourite investment
destination," he claimed.
were other firm investment proposal, but it would be too
premature to disclose the details," Singh said,
adding that investors were attracted with the rich
mineral and natural resources of the state, besides the
investor-friendly policies of Chhattisgarh.
has huge coal and iron ore deposits.
state having lot of little-known but famous religious
places, particularly for the people Gujarat, Singh also
had a meeting with the non-resident Gujaratis in the US.
"We want to promote religious tourism," he
is the birth place of popular spiritual Gujarati leader
Vallabhacharya. Places like Rajim, Champaranya,
Dongargarh, Ratanpur and Sirpur are destinations for
pilgrim tourism in Chhattisgarh.
his meeting at Toronto on May 19 organised by the
Indo-Canada Chamber of Commerce great success, Singh
said, a large number of Canadian companies expressed
their desire to "sign an MoU with us to make huge
investment in bio-diesel plants and also taking benefit
of the state's rich mineral resources".
left Chhattisgarh on May 16, gave his first presentation
before American and NRIs business at New York on May 18
at a meeting organised by the Confederation of Indian
delegation also had meeting with the Chhattisgarh NRI
Association members organised by its president,
Chandrakant Patel, at Tampa.
giving presentations before a select audience in
Washington, he also addressed meetings at Orlando and
his trip, Singh was accompanied by the Chief Secretary
AV Vijayvargiya, the Principal Secretary (Industry and
Commerce), Shivraj Singh, the CEO of Chhattisgarh
Infotech and Biotech Promotion Society, Aman Kumar
Singh, OSD to Chief Minister, Vikram Sisodia and CGM in
Industry Department, SK Gupta.