Madhya Pradesh rolls out the red carpet for Karnataka investors across sectors

Madhya Pradesh Chief Minister Mohan Yadav came calling on Bengaluru the other day to woo investors from Karnataka to take a serious look at central India as an investment destination. Hard selling Madhya Pradesh as a viable and attractive investment destination, Dr Yadav said that the state truly embodied India’s entrepreneurship, intelligence, imagination, and business acumen and offered opportunities aplenty for all.

The private sector, Dr Yadav said, had made special contribution in placing India among the top five economies, as pushed and envisaged by Prime Minister Narendra Modi. Addressing industry and trade captains at an interactive session on investment opportunities in Madhya Pradesh, organised in Bengaluru on Thursday, the state chief minister also screened a special film ‘Advantage MP that highlighted the investment opportunities in the state.

The interactive session was held on the second day of Invest Madhya Pradesh event held in Bengaluru.  Manipal Group Chairman Shri Mohandas Pai, Greenco Group Chairman Shri Anil Chalamasetty, and LAPP Ind Chief Operating and Technology Officer Dr. Shiva Venkataramani were present on the occasion.

Madhya Pradesh CII Vice President and Managing Director Infobeans Limited Shri Siddharth Sethi highlighted the investment opportunities and favorable environment for industries in Madhya Pradesh.

Chief Minister Dr. Yadav said that in the changing scenario, the country has both favorable opportunities as well as challenges to face. “If we are to believe our capabilities our future is bright. Under the guidance of the Central Government formed for the third time under the leadership of Prime Minister Shri Modi, the country is continuously moving on the path of progress. India is carving a niche in the world as an industrial center on the strength of proper guidance, use of updated technology, will move ahead with dedication, and hard work along with the tradition of innovative research. New start-ups in the country also play an important role in this effort,” he said.

It is our tradition to promote and provide economic security to all

Chief Minister Dr. Yadav said that India has a tradition of hard work and bravery. Vikram Samvat started as a symbol of the continuation of the tradition of providing encouragement and economic security to all through the administrative system. In the Indian tradition, the nature of governance has been to assist, entrepreneurship starts only by assisting those who want to progress in the field and the entire society benefits from an individual’s ability, efficiency, and hard work. Madhya Pradesh government is providing appropriate support and guidance as an incentive to those entrepreneurs and industries who want to move ahead. The government is ready to make necessary arrangements for business and trade. Madhya Pradesh is inviting industrialists for industry and investment. The investment made by industrialists in Madhya Pradesh will give maximum returns.

There is ample potential in all sectors including IT, energy, tourism, and food processing

Chief Minister Dr. Yadav said that Madhya Pradesh is currently a surplus energy state, with a 23 percent contribution of renewable energy in energy production. There are ample possibilities in IT, energy as well as tourism religion, health, education, MSME, and food processing. Madhya Pradesh has the highest growth rate in agriculture. Along with the highest procurement of wheat in the country, Madhya Pradesh is also the leader in pulses production. Along with this, the state has also made a lot of progress in the field of horticulture in a short time. There are ample possibilities for setting up industries in all areas of the state.

MoUs signed with 4 big companies in the country

MoU was signed between Madhya Pradesh Industrial Development Corporation Limited and India Electronics Semiconductor Association (IESA), TiE Global, Electronic Industries Association of India (ELCINA) and Association of Geo-Spatial Industries (AGI). IESA is dedicated to the electronic systems design and manufacturing sector in the country. TiE Global Mission has been active in various countries for the last 29 years in the field of promoting entrepreneurship through mentorship, networking, and education. ELCINA is engaged in building networks with global technical institutions and trade support organizations to enable trade expansion and information dissemination on technological developments. AGI works towards encouraging industries to use local materials and technology.

11 big companies will invest more than Rs 3 thousand crore in the state

Madhya Pradesh has received investment proposals worth about Rs 3200 crore in the interactive session of Invest-Madhya Pradesh organized in Bengaluru today. Proposals have been received from 11 companies in Bengaluru. These companies mainly include LAPP India, AGI Glass Pack, Coca-Cola, Purvasha Group, Metecno, Thiagarajar Mills, Print Point Form Packaging, Featherlite India, SRV Knit Tech Private Limited, Kaynes Technology and SK Mills. These companies will invest in sectors like electrical, manufacturing, food processing, metal sector, textile, packaging, IT, etc. With the arrival of these companies, people will get employment in Rajgarh, Gwalior, Ujjain, Dhar (Pithampur), and surrounding areas of Bhopal.

Dialogue on opportunities and investment possibilities in IT and tourism sectors in the state

In the interactive session, Principal Secretary Industrial Policy and Investment Promotion Raghavendra Kumar Singh gave a presentation on investment opportunities, abundant resources, skilled workforce, and favorable industrial environment in Madhya Pradesh. Principal Secretary of Science and Technology Sanjay Dubey gave information on the opportunities in IT, ITES, and ESDM sectors in the state, Additional Managing Director of Madhya Pradesh Tourism Board Vidisha Mukherjee on opportunities in the tourism sector and Secretary Dr. Navneet Kothari gave information on opportunities in the Micro, Small, and Medium Enterprises sector in Madhya Pradesh. On this occasion, a film on tourism in Madhya Pradesh and investment possibilities in this sector was also screened.

Industrialists share experiences in Madhya Pradesh

Shiv Venkataramani of Lapp India Private Limited shared his experiences of operating an industrial unit in Madhya Pradesh. Lapp India has been active in the field of cable manufacturing since 2012 in Pilukhedi of Rajgarh district. Shri Mohandas Pai, active in IT, education, and the financial sector, said that Madhya Pradesh has an adequate land bank, industry-friendly policies, suitable infrastructure, and trained human resources. Madhya Pradesh will surely be the center of industrial activities in the country.