The Madhya Pradesh Government on Wednesday announced it would organise ‘Global Investors Summit ‘ from 8-10 October in its commercial capital Indore.
“We have created a bank of 20,000 hectares of dispute-free land, build 1 lakh km of new roads and plan to augment power generation capacity to 18,000 MW by 2017 from 14,000 MW at present. We will provide single window facility to investors in a State where there is no law and order problem,” highlighting some of the advantages of investing in Madhya Pradesh, Chief Minister Shivraj Singh Chouhan invited both domestic and foreign companies to invest in the fastest growing State.
“Today the State is one of the fastest growing in India. Its Gross State Domestic Product (GSDP) grew at a compound annual growth rate of 17 per cent during FY05-FY14,” Chouhan added.
He added that a slew of initiatives by Prime Minister Narendra Modi built up investor confidence due to which whole country will get better investments this time. “ We have invited the PM to inaugurate the GIS 2014,” informed Chouhan.
MP Chief Minister was addressing a Press Conference on Invest Madhya Pradesh: Global Investors Summit (GIS) in New Delhi on Wednesday where industry chamber Confederation of Indian Industry (CII) was the national partner.
When asked about the target of investment, Chouhan said that the State did not set any and only wants to project the State where everything is available in abundance whatever investors needed.
“ last time we had signed an MoU of worth about Rs 2,00000 crore and out of that 1,15 lakh crore worth of investment came into Madhya Pradesh. Considering difficult times and and others of their sort even this investment is credit worthy,” said Chouhan.
We are following a transparent policy and investors both domestic and foreign need not be bothered about any bottlenecks as we have a true single window system which has every authority to take decision swiftly.
“We have identified focus areas such as agribusiness and food processing, automobile, healthcare, industrial infrastructure development, IT, pharmaceuticals, renewable energy, technological education, textiles, tourism and urban development as major areas for promotion,” said Chouhan.
The other speakers at the Conference included Yashodhara Raje Scindia, Minister of Commerce, Industry and Employment and Chandrajit Banerjee, Director General, CII.