Chhattisgarh signs MoUs worth over Rs 1.22 lakh crore

Naya Raipur: Chhattisgarh on Saturday inked nearly 300 Memoranda of Understanding (MoUs) worth over Rs 1.22 lakh crore in non-core sector like solar energy at the end of the two-day Global Investors Meet held here.

Briefing the media, minutes after the conclusion of the meet, Chief Minister Raman Singh said solar energy clinched top slot as a number of players inked deals to invest Rs 50,000 crore in this sector.

"We have got investment of Rs 1,22,419 crore," Singh said at the conclusion of the meet. It will also create over 6 lakh new job opportunities, he said.

[caption id="attachment_513796" align="alignleft" width="380"] Chhattisgarh Chief Minister Raman Singh. AFP[/caption]

State government-owned Naya Raipur Development Authority (NRDA) too signed MoUs worth Rs.26,000 crore with private players belonging to the infrastructure and entertainment fields.

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An MoU worth Rs 2,000 crore has been signed with Steel Authority of India Ltd. regarding supply of Iron ore from Kawardha district.

Aluminium major Balco has signed an MoU worth Rs.1,000 crore with CII to establish an aluminium park in Korba district. In this venture, Vedanta Resources Plc. will have 10 percent equity and industrial units attached to this park will be provided aluminium at cheaper rates.

At least 8,000 people will get employment in this venture. An MoU worth Rs.2,000 crore has been signed with Gas Authority of India Limited (GAIL) for laying a pipeline from Maharashtra to Bilaspur via Rajnandgaon with a view to provide cheaper gas as fuel to industrial as well as common households to solve the problem of fuel scarcity.

"The GIM (global investor meet) has opened a door of industrial revolution in the state", remarked the BJP chief minister who is ruling the mineral rich state since 2003.

He added the deals signed at the GIM will not only increase the pace of industrialisation in the state.

IANS