The US-based companies are expected to invest more than Rs.2,400 crore in Madhya Pradesh, especially in the infotech sector thus generating a large number of jobs, Chief Minister Shivraj Singh Chouhan has said.

"Of the Rs.2,400 crore, Rs.1,000 crore is expected to be invested in the IT sector by US companies, according to the Memoranda of Understanding (MoUs) signed with them. This (IT investment) is going to provide employment to more than 10,000 people," he said.

Chouhan was talking to reporters here last night on his return from a five-day visit to US.

"My US visit was more productive than I had expected. The IT sector will generate a large number of jobs with modest investment," he said.

Chouhan said the delegation accompanying him held talks with representatives of 25 companies who expressed willingness to invest in MP and other states in the country.

The Chief Minister said the UK, Japan, Singapore and UAE are going to be official partners at MP’s Global Investors Summit (GIS) to be held in late October at Indore.

Chouhan said Madhya Pradesh was fast emerging as a preferred destination for investors.

Foreign companies now consider the state a viable and profitable destination to set up ventures, he said.

Former US Ambassador to India Frank G Wisner and representatives from 100 companies attended a seminar in New York during my visit, on business opportunities in Madhya Pradesh, the Chief Minister added.