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Indore to hold Global Investors Summit from Oct 8-10

By Pervez Bari,

Indore summit Chuhan

Bhopal, August 5 : Hectic preparations are afoot for Global Investors Summit to be held at Indore from October 8 to 10.

Madhya Pradesh Commerce and Industries Minister Mrs. Yashodhara Raje Scindia reviewed the preparations for Global the Summit at a meeting in Mantralaya here on Monday. Mrs. Scindia sought detailed information about all aspects of successful holding of the proposed Summit. She said that all preparations to hold the Investors Summit systematically should be completed in time. Full information about specialities of Madhya Pradesh should be provided to the investors coming to the state, she added.

Principal Secretary Industries Mohammad Sulaiman, Commissioner Industries V.L. Kanta Rao, TRIFAC’s Managing Director Arun Kumar Bhatt, Secretary Industries Anupam Rajan, Director Madhyam Suresh Tiwari and other officers were present on the occasion.

Elaborate efforts have been made during last 10 years to attract investment to Madhya Pradesh. It is during these years that conducive atmosphere for industrialisation has been developed in the State for the first time. The State in the heartland of the country has now become the first choice for industrialists for investment. During year 2013-14 alone, 16 MoUs worth `13,537.45 crore were signed.

The Global Investors Summit will be held for the fourth time at Indore to create interest in investment in agriculture and food processing, organic farming, automobiles, new and renewable energy, engineering and other sectors in Madhya Pradesh.

Meanwhile, the three-day summit will serve as a global platform for mutual dialogue and interaction between captains of Indian industry, heads of state and policy-makers with investors and stakeholders. Knowledge partner firm for the summit has been selected. Design partner will be Messrs WT (Hindustan Thompson Associates Pvt. Ltd). Country’s leading industrial organisations including FICCI, CII, ASSOCHAM and PHD CII have been made national partners.

On behalf of Madhya Pradesh Chief Minister Shivraj Singh Chouhan, invitation to the summit has been sent to top-100 companies. Mrs. Scindia has sent invitation letters to 100 other companies. Invitation letters have been sent by Industries Department to 82 countries.

Besides, Mrs. Scindia held meetings under Ambassador Connect Programme with envoys of Australia, Finland, Mexico, Argentina, Singapore, European Union, Malaysia, Brazil, Japan, South Africa and Germany in New Delhi.

Meanwhile, the Chief Minister and the Industries Minister recently held road shows in South Africa. Earlier, Madhya Pradesh participated in Gift Fair in Brazil and held 9 meetings with investors of Germany, Belgium and Argentina. Investors were also invited to Madhya Pradesh at Investment Promotion Programme held by Ministry of Economy, Trade and Industries, Government of Japan in March 2014. Process of getting investment proposals is continuing under Summit-2014.

MP CARVED IDENTITY AS ‘INVEST-FRIENDLY STATE’

Madhya Pradesh has carved its identity as an ‘invest-friendly State’. It has joined the States with fastest growing economy in the country. Apart from major projects, the State’s Industries Department is also inviting and attracting investors to set up micro, small and medium industries in the State. From year 2005-06 to 2013-14, State’s industrial growth rate stood at 8.08 per cent, which is more than the national average.

So far, over 800 major and medium industries have been set up in the State at a cost of Rs.`53,000 crore providing jobs to about 1,90,000 people. The number of total micro and small industries is over five lakh with an investment of Rs.5,200 crore and providing jobs to about 13,14,000 people.

As many as 186 industrial areas on 6,100 hectares and 45 industrial development centres/parks on 8,500 hectares have been set up to provide land to industrial units in the State. Besides, a land bank of Government land has also been set up under which 19,000 hectare land has been identified for allotment to industrial units as per their requirements.

Delhi-Mumbai Industrial Corridor’s main objective is to create global level competitive atmosphere and lay a strong economic foundation. State’s 10 districts namely Neemuch, Mandsaur, Ratlam, Jhabua, Dhar, Indore, Dewas, Ujjain, Shajapur and Rajgarh have been included in the corridor. (pervezbari@eth.net)

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