Madhya Pradesh CM Promises Unique Global Investment Summit
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Synopsis
Mohan Yadav, Chief Minister of Madhya Pradesh, asserts that the upcoming Global Investment Summit will be distinct from previous editions, fueled by a new investment policy aimed at enhancing the state's economic landscape and attracting investors.
Key Takeaways
- The upcoming Global Investment Summit (GIS) is set to differ significantly from past events.
- New investment policies focus on specific sectors such as textiles, EVs, and renewable energy.
- Tax incentives and subsidies are introduced to attract investors.
- Strong infrastructure and skilled labor in Madhya Pradesh are highlighted.
- Industry leaders will share insights during the summit.
Bhopal, Feb 17 (NationPress) Chief Minister Mohan Yadav announced on Monday that the forthcoming Global Investment Summit (GIS) is set to stand apart from its predecessors, with expectations for success bolstered by a newly introduced investment policy.
The Chief Minister noted that the state government has dedicated nearly a year to develop an enticing investment strategy, emphasizing the establishment of robust infrastructure, enhancement of policies, and active engagement with stakeholders.
According to him, the planning for GIS was initiated alongside the Regional Industry Conclave (RIS) held across various regions in the past year. As a result, the upcoming two-day GIS is anticipated to be significantly distinct from prior events.
He elaborated that the state has formulated a new investment policy targeting specific sectors such as textiles, electric vehicles (EVs), food processing, and renewable energy, shaped by the interests expressed by industrialists in meetings.
Detailing the features of the newly launched investment policy, Yadav mentioned that the government has implemented provisions for tax incentives, land subsidies, and electricity subsidies to entice potential investors.
Madhya Pradesh boasts a robust infrastructure paired with an ideal business climate conducive to any industry’s success. Additionally, skilled labor is readily available, and the local populace is known for its industrious nature, complemented by abundant raw materials,” Yadav stated.
He affirmed that during the summit, industry leaders from diverse sectors will share their experiences, insights, and strategies aimed at propelling industrial growth and capitalizing on the opportunities present in the state.
The Chief Minister also projected that due to the investor-friendly policies, the state’s financial sector is poised for substantial growth over the next five years.
The two-day GIS will be inaugurated by Prime Minister Narendra Modi on February 24 in Bhopal, with Union Home Minister Amit Shah participating in the conclusion of the event on February 25.
