When asked to described the outcome of the Global Investors Meet-II, organised in Khajuraho last week, Anil Dhirubhai Ambani group chairman Anil Ambani said, “MP has vast potential for coal, cement and other minerals”.
A cursory glance at the list of the major companies that made the investment figure huge, suggests as many as 19 power generation companies have signed memoranda of understanding (MoUs) of Rs 1,32,950 vis-a-vis a total MoUs of Rs 2,35,736 crore, besides MoUs worth Rs 40,236 crore in the mining sector.
If insiders are believed a large number of companies were queued up to sign up deals with state government to grab coal, mines and land for MP has at present the cheapest land available in India and Khajuraho-II was probably the last chance for profit-makers.
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