MP govt partners CII after severing ties with Ficci

After a decade, the Confederation of Indian Industry (CII) has become the partner of the Madhya Pradesh (MP) government. To woo investors and market its products globally, the state government has dumped its previous partner Federation of Indian Chambers of Commerce and Industry (FICCI) and has roped in Confederation of Indian Industry (CII) as an year-long partner to organise various trade promotion activities that will culminate into a mega investors meet on 28th of October next year.

On its part, CII will chalk out a calendar for various trade and export promotion activities and also organis the meet in Indore.

The BJP organised investors meet in the past to lure investors but in association with FICCI.

“This time, the government will not only organise a mega investors meet in Indore like those previous meets held in Indore and Khajuraho but will also organise year-long trade and export promotion activities in association with CII,” a well-placed government source told Business Standard.

Officials in department of industry are tight-lipped over the budget but a source told Business Standard, “The entire activities will cross Rs 15 crore.” Last year’s Khajuraho investors meet cost Rs 10 crore to the state exchequer.

On the other hand, CII sources have also told Business Standard that they will soon come up with a year-long calendar of activities that will bring in results.

CII, MP Chapter also organised series of investors meet in Khajuraho during previous Congress regime but later the BJP ruling government dumped CII and preferred FICCI. But a recent decision was made to chose CII for the job. CII also led the recent China visit of state chief minister Shivraj Singh Chouhan’s China visit to World Economic Forum meet and cultivated support of the state government.

“CII will organise sector-wise exhibitions and roadshows across the country, state industries will display their products at these exhibitions. Also, reverse buyer-seller meet will also take place to bring state traders closer to the global market,” the government source added.