by Editor | May 25, 2021 | Business Summit, Economy, Events, News, Politics
Assam Chief Minister Sarbananda Sonowal
New Delhi : Assam Chief Minister Sarbananda Sonowal on Tuesday invited potential investors to participate in Advantage Assam, the first ever global investors summit to be held in the Northeast, saying his state can now be termed as the land of potentialities, possibilities and prosperity.
Organised by industry body Ficci along with the state government, Advantage Assam will be held in Guwahati on February 3-4, 2018.
“The business environment we have created in Assam today is only because of the support of Prime Minister Narendra Modi,” Sonowal said while addressing a curtain-raiser conference for the summit here.
“He told us that we should stand up as A for Assam,” he said while inviting investments for Assam.
Sonowal said that it was Modi who gave the name Asthalakshmi collectively for Assam and the other northeastern states.
Stating that “we will have to go hand-in-hand”, the Chief Minister said: “Please come to Assam with an open mind. We are ready to extend full cooperation to you.”
He said that with a revamped economy and geographical proximity to southeast Asian markets, “we are a launchpad for huge business opportunities”.
“We are creating a business friendly environment with visionary reforms and are developing state-of-the-art infrastructure,” Sonowal stated.
“We were earlier termed as a land of trouble and insurgency, land of terrorism. Now, Assam is a land of potentialities, possibilities and prosperity.”
Inviting investors to share their business smartness in Assam, he said that building infrastructure was the government’s responsibility.
“Once the Brahmaputra river was considered the best waterway in the world but we lost that advantage due to sedimentation and siltation,” the Chief Minister said.
“Now the Prime Minister has announced Rs. 400 crore for dredging of the Brahmaputra,” he said.
Stating that Bangladesh and Bhutan have already opened consulates in Guwahati, Sonowal said: “Now we have requested the 10 member countries of the Asean (Association of Southeast Asian Nations) to also open their consulates in Guwahati.”
He said that a World Trade Centre is also being developed in Guwahati with the construction of two towers, each 65 storeys tall.
The Chief Minister said that in the last one-and-a-half years that the BJP-led government has been in power in Assam, investments to the tune Rs 6,500 crore have come into the state.
As for the law and order situation in the state, he said that for the first time in its history, the country’s Independence Day has been marked by three-day festivities for two consecutive years.
“We are committed to realise Prime Minister Modi’s vision of the Northeast as the new engine of India’s growth and will offer all support to investors,” Sonowal asserted.
Speaking on the occasion, Assam Industries Minister Chandramohan Patowary said that keeping the government’s new development agenda in mind, Chief Minister Sonowal has created two new government departments – one on skills development and another to work on the Centre’s Act East Policy.
“People will get skilled only when there is a necessity,” Patowary stated.
He also said that the state government’s employment department has started an Industrial Training Institute (ITI) exclusively for differently-abled people.
In his remarks, Assam Chief Secretary V.K. Pipersenia said that it was time people stopped looking at the state as the periphery of the country and saw it as as the centre of India’s links with southeast Asia.
“The state government is keen on improving ease of doing business and has passed the Ease of Doing Business Act for this,” Pipersenia said.
He also referred to six new policy initiatives of the Assam government: Biotech Policy, Handloon and Textile Policy, Industrial and Investment Policy, IT Policy, Start-up Policy and Sugar Policy.
“We have 4,000 hectares of land available for industries,” the Chief Secretary said.
Giving a presentation on investment opportunities in Assam, Ravi Capoor, Additional Chief Secretary (Industries and Commerce) in the state government, said that Assam has been made the platform of the Centre’s Act East Policy.
He said that the southeast Asian nations have a combined population of 80 crore but very few people knew that this huge market can be reached from Assam in just two hours’ flight time.
The upcoming Advantage Assam investors summit, Capoor said, will focus on eight major sectors: pharmaceuticals and medical equipment; plastics and petrochemicals; power; river transport and port townships; IT and IT-enabled services; handloom, textiles and handicrafts; tourism, hospitality and wellness; and agri-horticulture, food processing, organic cultivation and bamboo.
In Tuesday’s event, Chief Minister Sonowal also launched a website for the summit, www.advantageassam.com.
—IANS
by Editor | May 25, 2021 | Business Summit, Events, Investing, News
Madhya Pradesh Chief Minister Shivraj Singh inspecting Industrial Development exhibition after the conclusion of Global Investors Summit at Indore.
By Pervez Bari for Maeeshat
Indore: (Maeeshat News) The fifth edition of the Madhya Pradesh Government’s biennial Global Investors Summit, (GIS), received 2,630 Intention To Invest (ITI) with a cumulative value of Rs.5,62,847 crore (8,408.93 USD).
Federal Minister for External Affairs Mrs. Sushma Swaraj said that as a result of constant efforts Madhya Pradesh has become most favourite state for investment. She was addressing the concluding session of the Summit-2016 at Indore, the financial capital of the central Indian state Madhya Pradesh, here on Sunday.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan said around 4 thousand investors of 42 countries took part in this summit. These included senior Ministry officials and Ambassadors from five foreign partner countries – the UAE, South Korea, Japan, the UK and Singapore. Next Global Investors Summit will be held from February 16 and 17, 2019 at Indore, he added.
Chouhan said: “We are very happy at the response of the prospective investors. We are particularly elated at the industry’s reaction to our offer of 1,25,000 acres of land bank. Within 24 hours of us announcing the offer, we have allotted over 30 land parcels to investors through the state’s online window.”
The Key Investment Proposals are as follows:-
- Nuclear Power Corporation to invest Rs.25,000 crore in Mandla plant; • A V Birla Group to invest Rs.20,000 crore across sectors; • Indian Oil to put in Rs.4760 crore of investments; • Essar Group plans new investments of Rs.4,500 crore in gas exploration; • Syntex to invest Rs.2,000 crore; • P & G India to put in Rs.1,100 crore; • Mylan Lab considering investments of Rs.700 crore; • Lupin India to invest Rs.700 crore & Germany’s Hettich to invest Rs.400 crore.
Some other major proposals are as follow:
- Rs.600 crore by ITC Ltd; 2. Rs.200 crore by Mayur Unicoters; 3. Rs.400 crore by Ajanta Pharma; 4. Rs.780 crore by Vardhman; 5. Rs.965 crore by Sagar Manufacturing; 6. Rs.700 crore by Rusan Pharma; 7. Rs.2500 crore for Chhindwara plus SEZ development & 8. Rs.230 crore by Avgol Ltd.
From the number of investment proposals received, it is evident that the Global Investors Summit successfully promoted the state’s ‘Make in Madhya Pradesh’ initiative under the stewardship of Chief Minister Chouhan. It is also important to note that this initiative complements the national ‘Make in India’ mission under the leadership of Indian Prime Minister Narendra Modi.
The Chief Minister also announced that of the investment proposals received during the 2014 investment summit, projects worth Rs.2,71,000 crore are under various phases of implementation. Some of the projects have even started production. “Our conversion rate for investment proposals (proposals vs. actual investments) is 46 per cent – which is hugely satisfying”, Chouhan added.
While the investment summit witnessed a total of 356 Business-to-Business and Business-to-Government meetings, the three-day business exhibition – featuring more than 60 domestic and international participants at the 60,300 sq. ft. Convention Centre – saw more than 20,000 visitors. The Centre, thus, truly served as a global platform for participating companies to showcase and demonstrate their capabilities in design, engineering, equipment & supplies and support services for large state projects. Importantly the exhibition provided a platform for SMEs to connect globally with potential partners offering new business opportunities.
The Central government was represented by Federal Electronics and Information Technology Minister Ravi Shankar Prasad, Union Minister of Urban Development, Housing and Urban Poverty Alleviation and Information & Broadcasting Venkaiyah Naidu, Federal Minister for Panchayat Raj and Rural Development Narendra Singh Tomar, Federal Minister of External Affairs Mrs. Sushma Swaraj and Federal Finance Minister Arun Jaitley, who was also the Chief Guest of the inaugural session, Federal State Minister for Forest and Environment (Independent charge) Anil Madhav Dave and Federal State Minister for Petroleum (Independent charge) Dharmendra Pradhan.
The event was supported by Department of Industrial Policy & Promotion, MP Trade and Investment Facilitation Corporation (Organiser), Ernst & Young (Knowledge Partner), Confederation of Indian Industries (National Partner) and War Room Strategies, Madhyam (Media Partner) and Public Relation Department.
The investors summit effectively showcased the strengths and industrial prowess of Madhya Pradesh, besides providing a platform for interaction with the state’s policy makers, bureaucrats, industry captains, investors, professionals and academia.
The nine sectors under focus this year included: Agri-business & Food Processing, Automobile & Engineering, Defence, IT/ITeS & ESDM, Renewable Energy, Pharmaceuticals, Textile, Tourism and Urban Development.
Meanwhile, five MoUs, (Memorandum of Understandings), for investment of Rs.20,000 crore were signed in new and renewable energy sector for 2700 MW generation on the second day of Global Investors Summit 2016 in presence of Chief Minister Shivraj Singh Chouhan and federal minister for petroleum and natural gas (Independent charge) Dharmendra Pradhan and energy minister Paras Jain in Indore.
Indian trade increased to 10,000 billion dollar in 2015-16
Indian trade has increased 10,000 billion dollar in the year 2015-16 while the world is struggling with recession. Future of India is bright and the state will be benefited from this also. Madhya Pradesh Minister for Finance and Commercial Taxes Jayant Malaiyya has said this in the session “M.P. Exports Strategy” at the Summit today.
Malaiyya said that land allotment procedure for industry has made online in Madhya Pradesh to avoid delay. A committee is being constituted to enhance export from Madhya Pradesh which will send its report to the union government and immediate action will be taken. To facilitate investors, the 7th international container depot of state will be made at Katni.
Federal minister for urban development Venkaiyah Naidu has said that the central government will provide all possible help to Madhya Pradesh for urban development. He said that Madhya Pradesh did remarkable work in urban infrastructure development. Indore is the excellent example of spontaneous Smart City. Constant efforts are needed to complete infrastructure development works in small urban habitats in the state. He said that Madhya Pradesh has become now main state.
Mission of ‘Make in India’
By investing in Madhya Pradesh, one can get progress for self along with contributing in the state’s progress. Madhya Pradesh Industries Minister Rajendra Shukla said it in ‘Make in India’ session in the Summit-2016. He said that mission of ‘Make in India’ would not be achieved without ease of doing business. He said that infrastructure development is necessary for it. Twenty four hours electricity is being supplied. Dry ports have been developed in the state. All divisional headquarters will be connected with four-lane road in next two years. He said that people have increased confidence in ‘Invest Madhya Pradesh’.
by Editor | May 25, 2021 | Business Summit, Events, Investing, News
Union Minister for Finance Arun Jaitley addressing the inaugural session of Global Investors Summit at Indore. (Photo;Maeeshat)
By Pervez Bari for Maeeshat
Indore:(Maeeshat News) Union Minister for Finance Arun Jaitley said that importance of supply chain will reflect in country’s economy after implementation of GST and Madhya Pradesh will become supply hub due to its better geographical location. Investors should invest in Madhya Pradesh keeping this in mind.
Jaitley was addressing the inaugural session of the Global Investors Summit-2016 at Indore, the financial capital of central Indian state of Madhya Pradesh on Saturday. Around 4,000 investors of 42 countries and their representatives are taking part in the summit. Ambassadors and representatives of investors of U.K., South Korea, Japan, U.A.E. and Singapore are also taking part in the summit.
Jaitley said that the atmosphere has become good in the country for investment. Investment has gained pace in the public sector. In the same pace investors should invest in the private sector too. Investors will have good experience through investment in Madhya Pradesh. Moreover, Madhya Pradesh has become example of progressing state by transforming its historical geographical loss into its strength. Madhya Pradesh was among the backward states because of its roads, electricity and water thirteen years ago and was known as Bimaru State. The state government in the leadership of the Chief Minister Shivraj Singh Chouhan has worked excellently in the field of infrastructure development. Today roads are good and state has become surplus power state. There are good irrigation facilities for the farmers. The state government has utilized the resources to make people economically strengthened. The agriculture growth rate of Madhya Pradesh is above 20 percent continuously and it has increased purchasing capacity of the people. Improvement in agriculture economic system and increase in purchasing capacity of people has affected positively in the state’s economic condition. Madhya Pradesh is now in a position to play an important role in the economy of the country.
Federal Minister Jaitley mentioned that the state government is focused on development of urban infrastructure, skill development, education and health sectors. There is conducive atmosphere for investment in the country. Better atmosphere has surfaced after the political change at the centre. Fall in crude oil prices at global level has also contributed positively in the economy of the country. Inflation will come down. Recession has affected many countries. This opportunity has come as a challenge to the country. Madhya Pradesh has emerged as a state where leadership has successfully realized its hope. Congratulating Chief Minister Chouhan, Jaitley said that his strong will power and clear road map has made Madhya Pradesh achieved great heights.
Chief Minister Shivraj Singh Chouhan said that the motto of Global investors summit is not only business summit. GIS has 4 Gs. Goodwill means Trust, Growth means Assimilation of Development, Guarantee and Good Governance. He said that 175 units have started its operation in the field of food processing in the last two years. In renewable energy sector, 92 units have started functioning. Industrial units worth Rs.2.75 lakh crore have been established during the last two years in the state. Highlighting features of Madhya Pradesh, he said that Madhya Pradesh has become utmost industrial friendly state. Investment policies have been made for each sector and machinery has been established to effectively eradicate the problems. He further mentioned that a land bank holding 1.25 lakh thousand hectare land has been established in the state for industry.
Underlining the favourable conditions of investment in the state, Chouhan said that Madhya Pradesh has industrial peace and there is no loss of human days. Trained man power is available in the state. There is single table system in place of single window system. All the government services required by the industry have been brought under the Public Service Guarantee Act. Around 300 services have been brought under this. He said that Madhya Pradesh is among the top five states of the country which has made business easy. He said that whatever investment were made in the last two years have started production. The state government has also sanctioned online proposal. He urged the investors to keep special focus on Madhya Pradesh while making investment proposals. He said that 2000 investors have presented investment proposals worth above Rs.10 thousand crore during this summit.
Madhya Pradesh is Industrial Friendly State Now
Union Minister for Panchayat Raj and Rural Development Narendra Tomar said that credit for the success of the summit goes to charismatic leadership of CM Chouhan. He said that investors had never thought of investment in Madhya Pradesh before year 2003. Today Madhya Pradesh has become industrial friendly state. Reason being hard work of CM Chouhan, which is clearly visible now. Remarkable progress has been made in the field of agriculture. Landscape has changed totally in the rural area. He further mentioned that Chouhan is completing 11 years of his successful tenure. Madhya Pradesh will move forward further in his leadership. Madhya Pradesh will be benefited by one country and one tax.
M.P. has become Standard for Good Governance
Federal Minister for Communication, Information Technology and Law and Justice Ravishankar Prasad said that under the leadership of the Prime Minister Narendra Modi and efforts of Team India, country is progressing in various sectors. Prime Minister Narendra Modi is the Captain of Team India for Industrial investment sector and opening batsman is CM Shivraj Singh Chouhan. All round development has taken place in the leadership of Chouhan during the last 11 years in M.P. Development works have not only been undertaken in the fields of irrigation, agriculture, electricity, horticulture and infrastructure but immense works have been carried out in the field of information and technology also. Madhya Pradesh has set standard for good governance.
Patanjali to Invest in Textile sector
Chief of Patanjali Pvt. Ltd. Yogaguru Baba Ramdev said that economic growth rate of India and Madhya Pradesh is satisfactory where there is recession in large economies like U.K. and U.S. He further said that the growth rate of Patanjali will increase to 200 percent in the next two years. We wish to benefit Madhya Pradesh with this. Describing himself as a global citizen said that now Patanjali will save medical expenses of the people. He informed that Patanjali is planning to invest immensely in textile sector. Farmers’ income will increase by 10,000 crore by Patanjali’s investment in the next two years. Ten thousand farmers will be benefited. He said that Patanjali’s investment is for service not for profit. Referring to the sale of Chinese products worth Rs.4 lakh crore in India, he said that India has capacity to export goods worth Rs.25 lakh crore. Terming Chouhan as Monk, Ramdev said that he always thinks big, talk straight. Madhya Pradesh has now economic and conceptual prosperity.
Chief Secretary Antony De sa gave presentation on industrial scenario of the state. He informed that investment worth Rs. 2.71 lakh crore i.e. 41 billion dollars in actual has come to the state in the last two years beside investment in micro, small and medium industries. Madhya Pradesh has achieved 5th position under the Ease of Doing Business in the year 2015. Krishi Karman Samman has been conferred to the state continuously. Welcome Speech was given by the Principal Secretary Commerce and Industry Mohammad Suleman and Vote of thanks was proposed by Director General of CII Charanjeet Banerjee.
CM Chouhan Deliberates with U.A.E. Delegation
Meanwhile, Madhya Pradesh Chief Minister Shivraj Singh Chouhan met delegation of U.A.E. and held primary discussions about the proposed investment by the U.A,E. in Madhya Pradesh.
Delegation of U.A.E. reportedly told CM Chouhan during the discussions that there is a wide scope of investment in Madhya Pradesh. We wish to invest in the state as a partner country of the summit. Delegation of U.A.E. will conduct tour of the state shortly to assess and explore the possibility of investment.
The delegation of U.A.E. liked the environment of Madhya Pradesh and Indore. He discussed about this with Chouhan. U.A.E. delegation also held discussions on geographical and mineral resources of Madhya Pradesh.
