Indore: The Madhya Pradesh government plans to set up an air cargo hub to Singapore, its Industry, Commerce and IT Minister Kailash Vijayvargiya said. (Agencies)
The air cargo hub could either be set up at Bhopal or Indore, for which 500 hectares of land would be acquired near existing airports, he told reporters on the second day of the Global Investors' Meet here.
"We expect investment proposals to touch a figure of Rs 75,000 crore, as many projects and MoUs are in the offing on the last day of the GIM," he said.
Of these investment plans, MoU has been signed with HUDCO to invest Rs 2,000 crore to strengthen urban water supply and urban infrastructure development schemes, he said.
MTech Metals & Mining has inked MoU to invest Rs 9,000 crore in an integrated steel plant and an auto park to be set up in Jabalpur division.
Futura Ventura Pvt Ltd plans to invest Rs 2,500 crore for an integrated food park and to create jobs for 21,400 people, while Vellore Institute of Technology plans to invest Rs 500 crore to set up a university in the state.
The Bharat Forge group will invest Rs 1,880 crore to set up a steel plant at Shahdole and auto-component plants at Betma near Indore.
Tata Consultancy and Information Technology will invest Rs 410 crore in Indore to create 12,000 jobs.
The Steel Authority of India Ltd plans to invest Rs 5000 crore in an iron plant at Chattarpur.
Stem Learning Ltd plans to invest Rs 80 crore to train 20,000 students and Rockland Hospital will invest Rs 300 crore in a super-speciality hospital.
NTPC has inked an MoU to invest Rs 9000 crore to set up a 1,200 MW thermal power station at Khargon, while Hindustan Copper Ltd plans to invest Rs 1856 crore in a 500 metric tonnes per annum copper plant in Balaghat.
Indore: The Madhya Pradesh government plans to set up an air cargo hub to Singapore, its Industry, Commerce and IT Minister Kailash Vijayvargiya said.