MP CM Yadav invites Japanese investments; state exported $92.8 mn goods

Madhya Pradesh Chief Minister Mohan Yadav said that the state has exported goods spanning multiple industries worth $92.8 million to Japan in 2023-24 on Tuesday, while inviting business leaders to explore investment opportunities in the state.

Yadav was speaking during an interactive session on investment opportunities in Madhya Pradesh being held in the Indian Embassy here.

He is on a four-day visit to Japan and will be visiting Tokyo, Osaka, and Kobe between January 28 and 31, 2025, as he aims to highlight Madhya Pradesh's potential to investors and extend an invitation for the upcoming Global Investor Summit in the state.

He referred to the longstanding relations between Madhya Pradesh and Japan, citing the $92.8 million worth of exports from the state, and expressed hope to receive significant investments from the country.

Madhya Pradesh is one of the largest states in the country, with a population of 8.5 crore, and the state's economy has grown 3-fold in the past decade, Yadav said, adding that his government targets to double the growth of the economy in the next five years.

The state is continuously working towards enhancing its industrial capabilities which will not only attract the country but the world to invest in MP, he said.

Moreover, the state will be open to considering any additional requirements on the part of investors, Yadav said.

Japan has a rich and successful history characterised by its resilience against devastating natural disasters, which has allowed the nation to establish a distinctive presence on the global front, he said.

The state is already attracting big-ticket investments across industries and there is abundant availability of skilled youth, Yadav said and expressed hope for a future where Madhya Pradesh and Japan walk hand-in-hand towards a bright future.

The Madhya Pradesh Global Investors Summit (GIS) 2025 is scheduled to be held in the state capital Bhopal on February 24-25, 2025.

More than 15,000 investors from over 30 countries are expected to attend this two-day summit, which will serve as a major attraction for industrialists.