MP Inks MoU With Chinese Firm For Investment Proposals Worth $1 Billion
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Madhya Pradesh has signed a memorandum of understanding (MoU) with the Chinese giant Sany Group, one of the world's biggest machinery makers, for working on investment proposals worth $1 billion. The MoU was signed following a detailed discussion between Chief Minister Shivraj Singh Chauhan and Liang Wengen, chairman of the board of Sany Group, on investment possibilities in Madhya Pradesh, said a press release issued by the Chief Minister's Office (CMO). Wengen said Sany Group was interested in investing around $1 billion in the state in the energy sector and in building industrial infrastructure. Chauhan said his government will make all possible arrangements to ensure ease of business for Sany in Madhya Pradesh. The MoU was signed by Madhya Pradesh Trade and Investment Facilitation Corporation managing director D.P. Ahuja and Sany Group vice president Li Jingjing.