Investments in Madhya Pradesh will give better returns: Mohan Yadav

Chief Minister Mohan Yadav addressing the meeting

Team News Riveting

Bhopal, August 8

Chief Minister Mohan Yadav said that India has been known as the Sone ki Chidiya in the world for centuries as a result of its entrepreneurship, hard work, systematic working style, and the ability to take everyone along by incorporating human values.

“Our identity in the world is a reflection of India’s entrepreneurship, intelligence, imagination, and business acumen. Prime Minister Shri Narendra Modi has placed the country among the first 5 economies of the world based on available resources and intellectual capacity, thanks to his leadership and vision. Industrialists have an equally special contribution to this achievement,” Yadav said while addressing the interactive session of Invest Madhya Pradesh: Interactive Session on Investment Opportunities in Madhya Pradesh organized in Bengaluru.

The Chief Minister inaugurated the interactive session on the second day of Invest Madhya Pradesh in Bengaluru by lighting the lamp and watering the Tulsi. On this occasion, Manipal Group Chairman Mohandas Pai, Greenco Group Chairman Anil Chalamasetty, and LAPP Ind Chief Operating and Technology Officer Shiva Venkataramani were present. Madhya Pradesh CII Vice President and Managing Director Infobeans Limited Siddharth Sethi highlighted the investment opportunities and favorable environment for industries in Madhya Pradesh. A film – ‘Advantage-MP’ was screened giving information to the industrialists about the investment facilities for setting up industries in the state.

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 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 to move ahead, 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 added.

The Chief Minister 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. As a result of this system existing in India, Indian culture has always been respected in the world.

He said that the Madhya Pradesh government is providing appropriate support and guidance as an incentive to those entrepreneurs and industries who want to move ahead. As a result, there has been equal progress in all sectors of the state. 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.

The Chief Minister added that Madhya Pradesh is currently known as 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.

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.

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.

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 Smt. 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.

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.

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