Chhattisgarh to organise global investors meet

Economy slow-down across the globe has acted as a spanner in the global investors meet of Chhattisgarh.

The mineral-rich state is scheduled to organize its first global investors meet on November 2 and 3. The event for which the state government has made all necessary preparation to make it a grand show however misses the “global” touch.

“The economic recession across the world however restricted the state government to approach for global investment,” Chief Minister Raman Singh said. The government hence did not go abroad and held the road slow to attract global investors to come to the state with an investment, he added.

The organizers of the event were earlier supposed to fly to Singapore, Hong Kong and South Korean to convince the investors to come to Chhattisgarh. The programme was later cancelled and the state government held the road shows in New Delhi, Mumbai, Pune and Bangaluru besides holding a conference of local industrialists.

“About 18 ambassadors of different countries would be attending the global investors meet in the state,” Singh said, adding that they would see the industrial friendly atmosphere of the state and the rich potential that the state holds to become the dream destination for the global investors.

The chief minister said some 400 industrialists would be attending the meet. “The question is not of how much investment the state will be attracting in the meet; the event is to show case the potential of the state and later ink agreement with the industrialist,” he said. The size of the investment would be the “biggest”, Singh added.

The state government has decided not to invite further investment in the core sectors like power, steel and cement. The focus will be now on downstream sectors like IT and related areas, biotech, banking, food processing, herbal products and automobiles.