MillenniumPost
Business

Shivraj Singh urges investors to invest in MP

Madhya Pradesh chief minister Shivraj Singh Chouhan has urged investors to invest in Madhya Pradesh and extended an open invitation for them to 'walk into his office every Monday and Tuesday, between 11:00 am and 12:00 noon for any support from the government to establish industry in the state'.

The chief minister, who was in Mumbai with a Madhya Pradesh delegation on a road show to address a large gathering of investors, offered insights on business opportunities offered by the state and promised to remove any obstacles faced by investors in the state by bringing in the investment promotion mechanism under the UN award-winning Madhya Pradesh Public Service Guarantee Act.

In an interactive session 'Investment Opportunities offered by Madhya Pradesh', hosted by the government of Madhya Pradesh, he stated that Madhya Pradesh would be number one in agriculture production by 2015, have sufficient power by 2014 and also grow at over 12% in the next five years.

'Industrialisation is important in developing the economy and employment in the state, and I would like to see Madhya Pradesh among the top three investment destinations in the country,' he said, adding that with a stable government, he was on a mission to make Madhya Pradesh everyone’s favorite investment destination in next few years.

With cumulative growth rate of 11.98% during the year 2011-12, Madhya Pradesh today is a model state for inclusive growth and has achieved 18% growth in agriculture, 22% in dairy sector and 8% in industry during the last fiscal year.

During the period 2005-10, Madhya Pradesh has grown at impressive CAGR of 10.20%.

The investment promotion road shows were organised by MPTRIFAC – the single window investment clearance and promotion agency of the government of Madhya Pradesh – with the support of CII and Ernst and Young for showcasing opportunities for investments and discussing cross-border partnerships in advance of the much-awaited Invest Madhya Pradesh Global Investors Summit in October 2012.

The delegation extended an invitation to Mumbai’s business leaders, investors, corporations, academic leaders and policymakers to participate in the forthcoming Invest Madhya Pradesh, scheduled on 28 to 30 October 2012 in Madhya Pradesh’s financial city of Indore.
Next Story
Share it