3000 delegates to participate in MP's Global Investors Meet

Image
Press Trust of India Indore
Last Updated : Oct 21 2016 | 12:02 PM IST
Over 3,000 business delegates including 150 CEOs from India and abroad would participate in the two-day Global Investors Meet here, starting tomorrow.
The participants will represent sectors such as agri-business, food processing, automobile, engineering, defence, IT, renewable energy, pharmaceuticals, textile and tourism.
During the meet, Chief Minister Shivraj Singh Chouhan would woo both the domestic and global investors by informing them about the business-friendly policies and skilled labour force of the state.
"The event will showcase the strengths and industrial prowess of the state and provide a platform for interaction with the policy makers, bureaucrats, industry captains, investors, professionals and academia," the state government said in a statement.
"Madhya Pradesh is one of the fastest growing economies in the country. With our business-friendly policies and skilled labour force, we aspire to become the growth pillar of Make in India," it said quoting Chouhan.
The government is offering a slew of incentives, including providing land at lower rates, tax concessions, and rebate in power tariff.
The state has also created a single window secretariat for investment facilitation - Madhya Pradesh Trade and Investment Facilitation Corporation (MPTRIFAC) - that allows prospective investors to apply online for various approvals required to set up businesses in the state, it added.
Of the 3,000 delegates, about 500 are representing the five foreign partner countries of this meet - South Korea, the UAE, Japan, Singapore and the UK.
Apart from the meet, the state is organising a three-day business exhibition, featuring domestic and international participants.
Industry body CII, which is participating in the meet, said Madhya Pradesh has emerged as one of the fastest growing states in India and one of the leading states in ease of doing business.
"With a proactive government, excellent human talent and rich natural resources, Madhya Pradesh offers a wealth of investment opportunities across agribusiness, infrastructure, manufacturing and services," CII Director General Chandrajit Banerjee said.
Madhya Pradesh was among the list of top ten states in India providing a better climate for businesses, according to a report prepared by the World bank and the DIPP.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 21 2016 | 12:02 PM IST

Next Story