iNDICA NEWS BUREAU-
Union Minister for Commerce and Industry Piyush Goyal on Wednesday, January 11, showcased Madhya Pradesh as an ideal investment destination and called upon global investors to become partners in the progress and growth of MP.
While addressing Madhya Pradesh Global Investors Summit 2023 via video conferencing, Goyal who is now in the US said that the summit offers an opportunity for the industry to participate in the vibrant future of India.
Speaking about the numerous investment opportunities in Madhya Pradesh, Shri Goyal said it has emerged as the ideal investment destination. “It has ample land, infrastructure, skilled resources and offers massive opportunities in agriculture, food processing, pharmaceuticals, automobiles, tourism, textiles, and Renewable Energy,” he added.
He expressed confidence that the Green Hydrogen Mission launched by Prime Minister Narendra Modi, combined with the support of the Madhya Pradesh government will help in attracting huge investments in several sectors, particularly in green hydrogen and renewable energy.
Earlier in the day the Global Investors Summit 2023, being hosted in Indore by the Madhya Pradesh government, was inaugurated on Wednesday by the Prime Minister.
While asserting that this is the most opportune moment to invest in India, Modi said: “The IMF sees India as a bright spot in the global economy. The World Bank says that India is in a better position to deal with global headwinds than many other countries.” He added that his government’s work on key economic reforms despite global challenges had led to India being seen ‘as a bright spot’ in the world owing to India’s strong macroeconomic fundamentals.”
Madhya Pradesh is hosting the 7th edition of the Invest Madhya Pradesh – Global Investors Summit on January 11 and 12, 2023 at the Brilliant Convention Centre in Indore. This two-day event aims to showcase the investment climate and industrial infrastructure in Madhya Pradesh and offers opportunities for prospective collaborations. This event will be a platform where global leaders, industrialists, and experts come together to share their narratives on emerging market trends and ways to harness the investment potential of Madhya Pradesh in this age of disruptions.
At the inaugural function, chief minister Shivraj Singh Chouhan said the summit would prove key for the state’s economy. Chouhan added that there are buyers, sellers, over 5,000 industrialists, and 70 big industrial houses participating in the summit. “There is immense enthusiasm… I have to make the state a $ 550 billion economy by 2026 and this summit will be a milestone,” Chouhan said.
“OECD has said that India will be among the fastest-growing economies in the G-20 group this year. According to Morgan Stanley, India is moving towards becoming the world’s third-largest economy in the next 4-5 years. The CEO of McKinsey has said that this is not only India’s decade but India’s century. Institutions and credible voices that track the global economy have unprecedented confidence in India,” Modi said.
“The same optimism is also shared by global investors. Recently, a prestigious international bank conducted a survey. They found that a majority of the investors preferred India. Today, India is receiving record-breaking FDI. Even your presence among us reflects this sentiment. This optimism for India is driven by strong democracy, young demography, and political stability. Due to these, India is taking decisions that boost the ease of living and ease of doing business. Even during a once-in-a-century crisis, we took the path of reforms. India has been on the path of ‘Reform, Transform and Perform’ since 2014. The Atmanirbhar Bharat Abhiyan has imparted greater momentum to it. As a result, India has become an attractive destination for investment,” the PM added.
Wooing the investors, Modi added, “Be it in sectors like health, agriculture, nutrition, skill, or innovation – new opportunities await you in India. This is the right time to set up a global supply chain with India.”