Modi exhorts states to grab foreign investments worth $100 b knocking Indian doors

By Pervez Bari

Our Senior Correspondent, Bhopal

Indore Sumt PM

Indore: Prime Minister Narendra Modi exhorted the various states to grab the opportunity of foreign investments worth $100 billion which are knocking at the doors of the country.

Narendra Modi, who was speaking after formally inaugurating the Global Investors Summit here at Indore in Madhya Pradesh, said that $100 billion investments from Japan, China and America have applied for visa. Now it is turn of the states to capitalise on the opportunity. The states which are ready can walk away with major share, he added.

(ii) Madhya Pradesh Chief Minister Shivraj Singh Chouhan posing for a group photograph with top industrialists of the country
(ii) Madhya Pradesh Chief Minister Shivraj Singh Chouhan posing for a group photograph with top industrialists of the country

Ambassadors and High Commissioners of 28 countries, members of the state cabinet and prominent industrialists of the country were present on the occasion. Amongst others who were present included Lok Sabha Speaker Mrs. Sumitra Mahajan, Chief Minister Shivraj Singh Chouhan, Federal Labour, Steel & Employment Minister Narendra Singh Tomar, federal Social Justice Minister Thaverchand Gehlot and a host of top industrialists of the country.

Modi said the country’s strength lies in its states and it cannot rest on a single pillar that is the Centre. He said India cannot grow without the support of other pillars. There cannot be a rivalry between the states and the Centre. In fact, they have to complement each other if the country has to attain heights. He further said that India’s potential should be used in country’s advancement. Here states play important role. It is the responsibility of the Centre to motivate all states for development and stand by states wherever there is requirement. For development, states should work in tandem with Team India, which comprises the Prime Minister and Chief Ministers of all the states. Madhya Pradesh may become driving force of country’s economy. Madhya Pradesh’s Chief Minister Chouhan is doing good work towards this. Role of Government of India will be to take India further ahead with the cooperation of states.

He said that times have changed now and no country can remain aloof from global economy. We should move ahead keeping this in view. Every state should set up its own global talent pool. States should set up a global network of its talents wherever in the world they may be and utilise their experience and talent for country’s development.

Captains of Indian industry overwhelmed by MP CM

Meanwhile, captains of the Indian industry were overwhelmed by Madhya Pradesh Chief Minister Shivraj Singh Chouhan’s entrepreneurship, dynamic leadership, industrial policies being provided in the state to investors. Soon after the inaugural session of Global Investors Summit not only the industrialists desired to invest in the state, but also said that Madhya Pradesh will become pioneer in the country in industrial development also.

India’s top industrialist Mukesh Ambani said in his address that Reliance Group will invest Rs.200 billion in the state in next one and half years in digital internet, energy, retail etc. while his younger brother Anil Ambani’s Reliance ADA Group has assured to increase present investment in Madhya Pradesh from Rs.300 billion to Rs.600 billion.

Chairman of Larsen & Toubro (L&T) A. M. Nair desired to invest in skill development and defence equipments manufacturing sectors in the state. Tata Group’s Chairman Cyrus Mistry said that Tata Consultancy Services, Indore will provide jobs to 10,000 youths. He talked about expansion of Tata International at Dewas and establish food packaging unit in Vidisha, skill training centre at Dewas and cooperate in BRTS at Jabalpur and Ujjain. He desired to establish driver-mechanic training centre at Bhopal. He said that Tata Group is committed to investing in Madhya Pradesh.

Noted industrialist Gautam Adani said that his group will invest Rs.200 billion in Madhya Pradesh in next 5 years. Adani lauded all-round development in Madhya Pradesh during last 8-10 years.

Essar Group’s Chairman Shashi Ruia informed about intention to invest Rs. 40 billion in the state in energy, steel, BPO and coal band. Ms Sindoor Mittal of Welspun Group said that Madhya Pradesh has set an example of providing facilities rapidly to industrialists. She informed that her group will invest Rs.50 billion in renewable energy sector in coming days. John Stone of J.N.S. Group of Australia said that his country stands by India and Madhya Pradesh in writing a new chapter of history. He lauded the state government for creating atmosphere of investment. Future Group’s Chairman Kishore Biyani assured to provide jobs to 10,000 youths by establishing food park in the state. He said that wheat of Madhya Pradesh is most suitable for preparing pasta.

Meanwhile, expressing gratitude towards industrial world at the first session of this massive global get-together, Chief Minister Chouhan said that he will not let their trust broken at any cost. Madhya Pradesh will be made an ideal state for investment. We will move two steps towards you to cooperate in your efforts for establishing industries and business in the state. He said that “trust will not be broken, association will not end”. Madhya Pradesh will contribute its best for country’s progress.

In the welcome address, Commerce & Industries Minister Mrs. Yashodhara Raje Scindia informed that representatives of 28 countries are participating in Global Investors Summit and 9 countries are partnering in it. Madhya Pradesh is the fastest growing state in the country. State has important opportunities for global investment. Noted singer Shan presented “Madhya Pradesh Gaan”. At the programme, Chief Secretary Anthony de Sa threw light on Madhya Pradesh’s progress through a presentation.


Related Articles

Back to top button