Global Investors Summit 2023 held in Indore
To encourage investment in the industrial sector in the state, a Global Investor Summit was held in Indore from January 11 to 12, 2023. Investors from India and from around the world participated in the 2-day summit in Indore.
Madhya Pradesh, the "Heart of India," is poised for a new era of development by attracting potential investors and showcasing the state's growth potential, a favourable investment environment, and infrastructure. The eagerly anticipated seventh annual "Invest Madhya Pradesh—Global Investors Summit" concluded on January 12th, 2023, in Indore, the state's commercial centre. "Pravasi Bharatiya Divas" was also held in India's cleanest state and city from January 8 to January 10, 2023.
According to Chief Minister Shri Shivraj Singh Chouhan, Prime Minister Shri Narendra Modi is helping India become a significant global economic force. Due to the state's geographic location, the availability of natural resources, better law and order, skilled human resources, the availability of resources, and the successful implementation of Ease of Doing Business, Madhya Pradesh has become a centre of attraction for the establishment of industries and investment. Other countries' multinational corporations, such as Germany, Canada, and Japan, prioritise Madhya Pradesh when deciding where to locate their units. During the second session of the first day of the Global Investors Summit, CM Shri Chouhan had one-on-one conversations with business people and investors at the Brilliant Convention Center.
Shivraj Singh Chouhan, the chief minister of Madhya Pradesh, stated at the 7th Global Investors' Summit on Wednesday that Indore will become a centre for the information technology (IT) industry and that several businesses have committed to investing 75,000 crores in the state. We believe our efforts will be successful. We need a $ 550 billion state economy by 2026, and this summit will be a significant step in that direction.
Since representatives from 82 countries and 10 partner countries have participated, the summit is truly global. At the summit, there were several foreign, finance, and mineral ministers from various nations, as well as the presidents of two of them.
The summit was attended by buyers, sellers, more than 5,000 industrialists, and 70 significant industrial houses. Not just domestic investors, but investors from all over the world, have a great deal of enthusiasm for investing in Madhya Pradesh.
Mr Pranav Adani, managing director of Adani Agro Oil and Gas, announced that his company has decided to invest 60,000 crores in the state's coal, mineral, and energy sectors. He also promised to train locals in skills that would help them find work.
Mr Sanjeev Puri, chairman of the ITC Group, claimed that Madhya Pradesh is more active than other states in luring investment.
Mr Noel Tata, the chairman of Tata International, announced that his company will increase its operations in Madhya Pradesh.
Given the state's growing urbanisation, Nadir Godrej of Godrej Industries expressed a desire to invest in real estate.
Mr Nikhil R. Meswani, executive director of Reliance Industries, stated that by the end of this year, the Reliance Group will make the 5G network accessible throughout the entire state, down to the tehsil level. The Reliance Group is eager to invest heavily in the solar energy market. "In the Chambal region, necessary surveys and studies are being conducted as a result," stated Meswani.
According to Shri Sanjeev Puri of the ITC Group, Madhya Pradesh actively seeks out investment more than other states. According to Shri Puri, 300 FPOs are run by ITC in the state. An investment of Rs. 1500 crore will be made in this to expand these and establish 1000 FPOs. An establishment for packaging and food processing will be established in the state by ITC Group. By the end of the year, the packaging unit will start up. The collective is promoting the cultivation of aromatic plants.
One of the major highlights of the summit was the launch of the 'Indore Startup Hub', an initiative aimed at promoting entrepreneurship and providing support to start-ups in the region. The hub will provide access to funding, mentorship, and other resources for start-ups, and will serve as a platform for connecting entrepreneurs with potential investors.
The summit also featured a trade fair, where companies from various sectors showcased their products and services. This provided an opportunity for attendees to learn about the latest trends and technologies, and to explore potential business partnerships.
Overall, the Global Investors Summit 2023 was a successful event that brought together a diverse group of stakeholders to discuss investment opportunities in Madhya Pradesh and explore ways to promote economic growth and development in the region.