From faith, spirituality to tourism and from agriculture, education to skill enhancement, Madhya Pradesh is extraordinary and amazing and will have a very important role in building a developed India, Prime Minister Narendra Modi said while virtually inaugurating the seventh Global Investors Summit at Indore on Wednesday.

Modi said that not only every Indian, but every organisation of the world, every expert of the world is also looking at India’s growing economy as a shining star in the global economy. Our strong macroeconomic fundamentals are capable of leading the world. Today, India is the fastest growing economy of the world. In the next four to five years, India will be the third largest economy in the world. On the global stage, not just this decade but the whole century belongs to India.

The theme of the two-day summit this year is ‘Madhya Pradesh – The future ready state’ and the objectives are to showcase the industrial ecosystem of the state, promote state policies, consultation with industrial organizations to formulate industry-friendly policies, collaboration opportunities, promote export potential, buyer-seller meets and vendor development.

President of Guyana Mohammed Irfan Ali and President of Suriname Chandrikapersad Santokhi were present as special guests. Chief Minister Shivraj Singh Chouhan welcomed all the guests. Union Minister of Commerce and Industry Piyush Goyal delivered a virtual address from New York. Prominent investors also expressed their views regarding investment in Madhya Pradesh.

The prime minister said that India has all the necessary facilities for investment, the National Single Window System is in place, labour laws have been simplified, various restrictions have been removed, and it has modern and multi-modal infrastructure, the most competitive logistics market in the world. He said that New India also has full faith in the strength of the private sector. Now the doors of the private sector have also been opened for defence, minerals and space science sectors. All these will boost the pace of our development and give new strength to Make in India.

Modi said that the Promotion Linked Incentive Scheme (PLI) has been implemented and is becoming very popular with investors. So far, 2.5 lakh crore incentives have been announced in this scheme, production of 4 lakh crore has been done and hundreds of crores have been invested in Madhya Pradesh also taking advantage of this scheme. He asked the investors to take maximum advantage of this scheme.

Santokhi said that PM Modi is working with the spirit of Vasudhaiva Kutumbakam (global family). With the improvement in the economy, work is being done in various areas, he said. Suriname will have bilateral cooperation with India in various fields.

President Irfan Ali said that he was happy to visit Madhya Pradesh and meet CM Chouhan. The pace of development has picked up in Madhya Pradesh due to good governance and good policies. Guyana will also become a partner in industrial development, he said.

Will allot land for industries in 24 hours: Chouhan

Saying that he will always be available as the CEO (chief executive officer) of Madhya Pradesh, Chouhan promised land allotment to interested industries within 24 hours of demand. “There is sufficient availability of land in the state. The work of providing it for the establishment of industrial units will be done on priority. About 2 lakh acres of land is available in the land bank created for Madhya Pradesh industries. There are many minerals in the state. As far as energy production is concerned, more than 25,000 MW of electricity is being produced,” he said.

The CM said that this summit being held in Indore is truly global. Apart from Presidents of two countries – Suriname and Guyana, the Finance Minister of Mauritius, the Commerce Minister of Bangladesh, and the Mineral Resources Minister of Zimbabwe have also come for the summit. Representatives from 33 countries and 431 delegates from 84 countries were attending the summit, he said. 

He added that PM Modi has talked about making an economy of 5 trillion dollars by the year 2026 and Madhya Pradesh’s contribution will not be less than 550 billion dollars.

At present, the growth rate of the state is the highest in the country. Madhya Pradesh has a special place in India’s GDP. “The per capita income in the state has increased to 1.37 lakh, but we are not at peace, that’s why continuous work is going on in Madhya Pradesh,” he said.

Chouhan said that there were many possibilities in the field of tourism. Whether it is wildlife tourism, heritage tourism or religious tourism. Speaking about the successful rehabilitation of cheetahs in Kuno Palpur, the CM said that tourists will be able to see them from the month of February. 

Joining the summit virtually from America, Union Minister of Commerce and Industry Piyush Goyal said that PM Modi has worked to give pace to the economy for development. The work of industrialisation is going on at a rapid pace in Madhya Pradesh. He said that the state has done important work in ‘ease of doing business’ and other areas. 

Industry captains promise investment

Kumar Mangalam of Aditya Birla Group said that the geographical location of Madhya Pradesh makes the state suitable in all respects from an investment point of view. The group has an investment of 60 thousand crores in the state. Industrial Policy and Start-up Policy are suitable from the point of view of investment in future.

Accenture’s Rita Menon said that the initiative of the state in the field of skill upgradation is commendable. There is a need to develop a suitable environment in the research and development sector. Partha Mittal of JSW Group said that CM Chouhan has inspired us to invest in the state. The group has a plan to invest Rs. 4500 crore in the state. Under this, a cement plant is being set up in Panna and a paint unit in Pithampur at a cost of 1500 crores.

Nikhil R. Meswani of Reliance Group said that by December 2023, 5G facility will be made available in all the tehsils of the state. Affordable digital facilities will benefit students, farmers and the common people. Reliance Group has so far invested Rs 22,500 crores in the state and there is a plan to invest another Rs 40,000 crores.

Sanjeev Bajaj of Bajaj Finserv said that the future of Bajaj Group is linked with the future of Madhya Pradesh. We are dedicated to improving the standard of living of the common people of the state. Vineet Mittal of Avada Group said that the facility of talent pool in the state is appropriate. Convenience of transportation from all parts of the country makes residing in the state easy for technically skilled persons coming from different regions. He promised investment in the state.

Pranav Adani of Adani Group said that PM Modi has created a competitive environment among various states in Ease of Doing Business. Madhya Pradesh is among the leading states in this. Adani Group will be investing Rs 60,000 crores in the field of cement, energy.

Nadir Godrej of Godrej Group apprised about Godrej Group’s activities and future plans in Madhya Pradesh. Industrial Policy and Investment Promotion Minister Rajvardhan Singh Dattigaon proposed vote of thanks.