Chief Minister Mohan Yadav said to establish a Madhya Pradesh industry office in Coimbatore, Tamil Nadu, to facilitate investment and strengthen trade and business ties between the two states. Addressing the Invest MP interactive session in Coimbatore, Dr. Yadav emphasized the goal of the Investors Summit: fostering closer inter-state cooperation through trade and business, and collectively working towards making India the leading global economy under Prime Minister Narendra Modi's leadership.
Yadav praised the industrial prowess of Coimbatore and Tripur, noting that industrialists here have independently transformed these regions into industrial hubs. He extended an invitation to Tamil Nadu's industrialists to explore new business opportunities in Madhya Pradesh, thereby enhancing the bond between the two states. The Chief Minister inaugurated the 'Invest MP-Interactive Session' in Coimbatore, a major industrial center in South India, by lighting the ceremonial lamp and offering water to Tulsi, symbolizing the beginning of a prosperous partnership.
Coimbatore is renowned for its thriving textile&garment, engineering, and information technology sectors. A roadshow and an interactive session with investors and industrialists is being organized with the aim to invite Tamil Nadu's industrial leaders to the upcoming Global Investors Summit in Bhopal, fostering investment and industrial growth in Madhya Pradesh. The session witnessed the enthusiastic participation of over 1,200 representatives, resulting in investment proposals exceeding Rs 3,500 crore for Madhya Pradesh, highlighting the state's promising potential for industrial development.
Yadav highlighted the rapid development of the textile and garment, automobile, and engineering industries in Madhya Pradesh, emphasizing the immense potential in these sectors. He urged industrialists to seize this opportune moment to invest in the state and elevate their businesses to new heights. Every aspect of investment has been meticulously considered, ensuring Madhya Pradesh is future-ready with robust support from the government and the people.To transform the "Azadi ka Amrit Kaal" into a prosperous period for Madhya Pradesh, the government is working towards integrating the state's industries into the global supply chain. Continuous efforts are being made to establish and develop industries, with a new initiative for investment promotion launched across the state through the Regional Industry Conclave.
Tamil Nadu Industrialists Encouraged to Embrace Madhya Pradesh's Investment Revolution
Yadav said that the Global Investors Summit will be organized in Bhopal on 7-8 February 2025. I have come to invite you to be a part of the investment revolution going on in the state. I am confident that by taking advantage of the immense opportunities available in Madhya Pradesh, you will play an important role in realizing the vision of a Vikasit Bharat as well as a Vikasit Madhya Pradesh.
The state's eco-system is extremely favorable for the textile industry
The Chief Minister highlighted the state's highly favorable ecosystem for the textile industry, noting that Madhya Pradesh offers a special readymade garment policy providing up to 200 percent financial assistance on fixed capital investments to attract large-scale garment industries. To address the evolving needs of the textile sector, a state-of-the-art Skill Development Center is being established in Jabalpur, and an MoU has been signed with the Tiruppur Exporters' Association to support skill and cluster development. Madhya Pradesh presents the most attractive financial benefits package for the textile and garment industry in the country, bolstered by abundant cotton, affordable land, and compelling financial incentives.
