Cooperation Minister Vishwas Kailash Sarang inaugurated the ‘CPPP Investment Promotion Wing’ at the Cooperation Commissioner’s office in Vindhyachal Bhavan on Tuesday. The wing includes a contact and reception area for investors, along with a space for discussions and interactions where investors can access information through a single-window system.
During the inauguration, Minister Sarang emphasized the significant role of cooperation in the economy, highlighting that Madhya Pradesh’s CPPP (Cooperative Public Private Partnership) model has received national recognition. He stated that this model will bring about a new revolution in the cooperative sector. The CPPP wing will work towards simplifying and making the processes more transparent for cooperative societies, farmers, and investors. The wing will serve as a unified platform for investment-related approvals, processes, and guidance. Additionally, it will streamline the Memorandum of Understanding (MoU) process between cooperative banks, societies, farmers, and private entrepreneurs.
Minister Sarang reiterated that the cooperative sector will play a crucial role in achieving Prime Minister Narendra Modi’s vision of a developed India by 2047. Under the leadership of Chief Minister Dr. Mohan Yadav, the concept of ‘Sahkar se Samriddhi’ (Prosperity through Cooperation) is being realized in Madhya Pradesh. He emphasized that the CPPP model of Madhya Pradesh has emerged as a replicable initiative across the country.
Minister Sarang also discussed the implementation of the Cooperative Public Private Partnership (CPPP) concept at the Global Investors Summit, where MoUs worth approximately Rs 2,305 crore were signed with large companies like Reliance, Vaidyanath, and Majestic Basmati Rice. He explained that the CPPP model is designed to benefit farmers, PACS (Primary Agricultural Credit Societies), and investors. It will enable farmers to receive better prices for their products, diversify and expand the economic activities of PACS, and provide private investors with access to quality raw materials locally.
Minister Sarang mentioned that the central government has praised Madhya Pradesh’s CPPP model, and it is expected to be adopted at the national level in the future. He stated that this model will herald a new revolution in the cooperative sector. He further pointed out that the CPPP model will help increase the income of cooperative institutions, and facilitate the supply of raw materials from rural areas to private organizations, thereby generating local employment opportunities.
The event was attended by several senior officials, including Additional Chief Secretary Ashok Vernwal, Cooperation Commissioner and Registrar Manoj Pushp, Managing Director of the Marketing Federation Alok Kumar Singh, and Deputy Secretary Manoj Sinha, as well as representatives from companies like Reliance, Majestic Basmati Rice, Mushroom World, and Pratibha Synthetics. Nodal Officer Ambresh Vaidya expressed gratitude on behalf of the team.
The launch of the CPPP Investment Promotion Wing is expected to streamline the processes related to investment, ensure transparency, and promote cooperative ventures in the state, furthering the economic development of Madhya Pradesh.