Economy

Israel to invest Rs 40,000 cr in Madhya Pradesh

| | Updated on: Feb 15, 2011

Israel has evinced interest to invest nearly Rs 40,000 crore in sectors such as agriculture, horticulture, aquaculture and dairy in Madhya Pradesh.

“A team of Indo-Israel Chamber of Commerce led by Embassy of Israel Economic Counsellor, Mr Mouneer Agbariya, recently met State government officials and showed interest to invest nearly Rs 40,000 crore in Madhya Pradesh,” PHD Chamber of Commerce and Industry State Director, Mr Rajendra Kothari, told PTI today.

Under agriculture investments, the Israelis want to open an agriculture university in Madhya Pradesh to train farmers, students and officers, improve productivity and bring it to the international level in the next 10 years, Mr Kothari said.

Israel is keen to invest in agriculture, horticulture, aquaculture and dairy sectors in Madhya Pradesh, he said.

Mr Kothari said that the Israel government has cleared the overseas investments of its private concerns.

He said that Israel was doing farming and dairy business with minimum resources and maximum technology and its productivity was at international level.

Mr Kothari said that though Israel records a scant rainfall of 10 inches, its agriculture and farm production was very high.

Published on February 15, 2011

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