Kibbutzim college, College in Tel Aviv, Israel

Apart from the smaller investment meets in the regional towns, three major summits in the commercial hub of Indore in 2012, 2014 and 2016 were held at an average cost of Rs 70 crore. The first investors' summit after the ascent of Congress government tagged as "Magnificent MP" is being organised at Indore on Friday at a cost of about Rs 30 crore less than half the cost. Kamal Nath has promised a much higher yield.Now, on the eve of the investment Summit, the government says 900 industrialists have been invited by the Department of Industry to attend the summit. Every industrialist is expected to bear the cost of stay. The industrialists are also expected to maintain their mobility in Indore and other places at no cost to the government, said an official spokesperson.The government has claimed that an investment of 12,000 crore is already in the kitty.Kamal Nath is said to have used his networking skills to get 35 major industrial houses from India and abroad including Reliance to invest Rs 12 000 crore in MP.Unlike in the past when the government used to have all investment plans under one umbrella, the focus will be on nine core sectors this time around. Each sector will get a format tailored to its its requirement.Consent has so far been obtained from India Cement Vice-Chairman N. Srinivasan, Aditya Birla Group Chairman Kumar Mangalam Birla and Rasna Group MD P. Khambata. NITI Aayog CEO Amitabh Kant will inform industrialists about the industrial progress and investment opportunities in the state.There are 125 industrialists in the VVIP gold class category who include Adi Godrej from Godrej Group, Pranav Adani from Adani Group, Sanjeev Bajaj from Bajaj Fin Serv, Ganesh Krishnamurthy from Hindustan Uni Liver, Kazuya Nakajo from JETRO, Japan, Ashok Sharma from Mahindra & Mahindra, Tanmay Chakraborty from TATA Sons, Madhusudan Gopalan from Procter & Gamble, Sanjeev Puri and Chittaranjan Dar from ITC, Vikram Kirloskar from Toyota Kirloskar, S. Shandilya from Eicher Motors, Sandeep Garg from Welspun, and Sanjay Behi from Raymond.Government sources say proposals in different stages of consideration and finalisation for the Foreign investments are expected to come from:1 Israel Avgol 1,250 Cr2. Brazil Fitesa 350 Cr3. Japan Bridgestone 400 Cr4. Norway Statkraft 1000 Cr5. USA Parpharma 375 Cr6. Israel Treva pharma 258 Cr7. USA Case New Holland 162 Cr8. USA Teneco automotive 90 Cr9. USA P&G expansion 500 CrIt was claimed that in excess of 6,800 proposals translating into Rs 17,50,000 crore were made during Shivraj Singh Chouhan's chief ministership. In more than a decade, the inputs did not cross Rs 50,000-cr mark on the eve of the assembly elections in November last year.BJP struggled to stimulate the industrial sector. The state's share in the country's industrial output fell from 3.6 per cent in 2003 to 3.2 per cent in 2014, data from the old GDP series showed.Several major projects were signed during the previous global investors summits (GIS) in 2012 and 2014 but failed to materialise.The Jaypee Group had promised an investment of Rs 35,000 crore during GIS 2014, mainly to set up a microchips manufacturing facility. The company was to invest Rs 18,000 crore through Jaiprakash Associates in the first phase but the venture has remained a non-starter.Sahara Group had inked a deal in 2012 to invest Rs 20,000 crore but the projects failed to take off.( With inputs from IANS )

Kibbutzim CollegeFOLLOW

Kibbutzim college, Latest News

Diplomatic relations between India and Israel are yet to realise their full potential for geo-political reasons though Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu bridged the gap between the two countries, admitted for ...

Israeli Prime Minister Benjamin Netanyahu and his main rival, Benny Gantz, met on Sunday and discussed a possible unity government amidst post-election political deadlock. ...

Israel's longest-serving leader Benjamin Netanyahu and his main rival and Blue and White Party leader Benny Gantz met here on Sunday in a fresh bid to break the political stalemate and prevent an unprecedented scenario of a third parliamentary electi ...

Amid protest by students over participation in the Global Health Zenith Confluence held at Jamia Milia Islamia University earlier this month, the Faculty of Architecture and Ekistics has said there was no official collaboration with Israel and the in ...

Benny Gantz, the leader of Israel's Blue and White Party, on Tuesday said that he was optimistic about his chances of forming a government, shortly before he was to become the first person in more than a decade other than long-standing Prime Minister ...

Israeli Prime Minister Benjamin Netanyahu on Monday (local time) announced that he is giving up on efforts to form a new government after failing to form a coalition following an inconclusive parliamentary election last month. ...

At least 69 Palestin were injured during clashes with Israeli soldiers in Gaza Strip along the borders with Israel, medics said. ...

Can Chief Minister Kamal Nath dispel the pervading cynicism over big ticket investments in Madhya Pradesh? The strike rate of the preceding government headed by Shivraj Singh Chouhan through the past 15 years had been far from satisfactory. ...