Six projects related with investment were approved in the meeting of Investment Promotion Sub-Committee, held under chairmanship of Chief Minister Shivraj Singh Chouhan on Monday. Capital investment to the tune of Rs3285 crore will be made in the state in these projects.
Chouhan said that the State Government has policy to promote investment. Better environment is available in the State for investment. It was informed in the meeting that integrated steel plant will be set up by investment of Rs335 crore in Sihora of Jabalpur district by M/s Pacific Iron Manufacturing ltd. Special processing centre will be developed in IT sector by investment of Rs57 crore in Mandideep of Raisen district by M/s Fujitsu Optel Pvt ltd.
Coated Fabric Textile Project will be set up by M/s Mayur Uniquoters ltd in Seetapur of Morena district through investment of Rs109 crore. Investment of Rs1450 crore would be made by M/s Vardhman Textile ltd in Mandideep, Satlapur and Budhni located units for modernisation and expansion.
Similarly expansion will be carried out by investment of Rs936.64 crore by M/s Sagar Manufacturing Pvt ltd in Tamot of Raisen district. Furniture fittings manufacturing unit will be established in Pithampur by M/s Hettich India Pvt ltd by investment of Rs398 crore.
Finance Minister Jayant Malaiya, Commerce And Industries Minister Rajendra Shukla, Energy Minsiter Paras Jain, Revenue Minister Umashankar Gupta, Minister of state for Micro, Small and Medium Industries Sanjay Pathak, Chief Secretary BP Singh, Additional Chief Secretary, Finance AP Shrivastava, Additional Chief Secretary Energy, Iqbal Singh Bais, Principal Secretary to Chief Minister Ashok Varnawal, Principal Secretary, Commerce and Industries Mohammed Suleman, Principal Secretary to Chief Minister SK Mishra and Secretary Vivek Agrawal were present in the meeting.