The Global Investors Summit took place in Bhopal, Madhya Pradesh, with Prime Minister Narendra Modi officially inaugurating the event. During his address, he highlighted the state’s growing industrial potential. Moreover, he emphasized the limitless opportunities Madhya Pradesh offers to global investors.
Key Industry Leaders Attend
The summit saw prominent industrialists in attendance, including Aditya Birla Group Chairman Kumar Mangalam Birla, Adani Group Chairman Gautam Adani, and Godrej Industries Limited Chairman Nadir Godrej. Other key figures included Piruz Khambatta, Chairman of Rasna Private Limited, Baba N. Kalyani, Chairman and MD of Bharat Forge Limited, and Rahul Awasthi, Global Head of Operations at Sun Pharmaceuticals Limited. Neeraj Akhouri, CEO of ACC Limited, also participated, highlighting the event’s significance to leading figures across various sectors.
Madhya Pradesh’s Growing Economy
Godrej Industries Chairman Nadir Godrej spoke about Madhya Pradesh’s expanding economy. He pointed out that the state has become an increasingly attractive destination for investment. “Madhya Pradesh is on the rise,” he said, underlining the growing economic activities and business-friendly environment.
Textile Industry Takes Centre Stage
One of the key sectors discussed during the summit was Madhya Pradesh’s textile industry. The state contributes to 25% of India’s organic cotton production, positioning it as a major player in the textile sector. India is the sixth-largest textile and apparel exporter in the world, and Madhya Pradesh is integral to this success. Currently, India’s technical textile exports range from USD 2 billion to USD 3 billion, demonstrating the sector’s importance. Prime Minister Modi encouraged investors to consider this sector for new opportunities and job creation.
Focus on Industrialisation, Tourism, and Technology
In his speech, Modi highlighted the vital role of industrialisation, tourism, and technology in India’s development. He stressed that these areas would be crucial for creating more employment opportunities and contributing to the nation’s overall economic growth. Furthermore, water security, sustainable development, and innovation were also emphasized as essential components of his vision.
Madhya Pradesh’s Infrastructure and Connectivity
The summit showcased the state’s infrastructure projects, which aim to enhance connectivity. The government is focused on improving roads, industrial corridors, and overall infrastructure. These efforts will support businesses, making it easier for them to operate and expand.
Madhya Pradesh is also positioning itself as a hub for green technology, biotechnology, and renewable energy. The state’s government is eager to attract investment in these high-growth sectors. By doing so, they aim to foster innovation and further drive economic development.
Officials pointed out the state’s progress in improving the ease of doing business. With low taxes, attractive incentives, and a supportive environment for entrepreneurs, Madhya Pradesh offers a compelling case for investment. Several significant agreements were signed during the summit, ensuring large investments across various industries.
In closing, PM Modi assured global investors of the government’s full support in building industrial infrastructure. He stressed the importance of long-term investments in shaping a prosperous future for the state and the nation.
With its strategic focus on sustainability, innovation, and industrial development, Madhya Pradesh is becoming a major player in India’s economy. The state’s forward-thinking approach and commitment to improving its business environment are attracting significant global interest. Looking ahead, Madhya Pradesh offers countless opportunities for investors and entrepreneurs eager to capitalise on its growth.
