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.