Madhya Pradesh Government Holding Global Summit For Investing In The State

BHOPAL: Bhopal is decorating itself to accord warn welcome to over 100 big industrial magnets who will be in the capital city to attend Madhya Pradesh government sponsored Industrial Summit. The Summit will be inaugurated by the Prime Minister Narendra Modi on February 24.

Nearly a hundred distinguished industrialists and chiefs of leading indigenous and international enterprises have confirmed their participation for the summit some big business houses have already sent teams for preliminary assessments and venue inspections.

According to officials, among those likely to attend areAditya Birla Group chairman Kumar Mangalam Birla and group executive president Sunil Bajaj, Duns and Bradstreet MD & CEO-India Avinash Gupta, Dubai-based Mohammed Bin Rashid Innovation Fund’s Rouba Ibrahim, Ralson Tyres director-corporate affairs Rohit Kapoor, and state coordinator-new energy of Reliance Industries, Anupam Jain.

Among the confirmed participants are founder & CEO of Dubai-based Startup Middle East, Siby Sudhakaran, Suzlon Energy vice-chairman Girish Tanti, Birla White CEO Ashish Dwivedi, Hindalco Industries COO Sameer Nayak, Grasim Industries COO K Suresh, UltraTech Cement chief financial officer AtulDaga.

Chief minister Mohan Yadav will deliver the keynote address and outline the state’s vision for economic development and the role of the diaspora in achieving that vision.

Over 500 NRIs from 15 countries have confirmed participation. The GIS will give these global professionals a platform to explore investment opportunities in their home state. The summit will also address specific queries of NRI investors regarding policy frameworks, regulatory compliance, and investment protection. Senior government officials will be available for one-on-one consultations to provide clarity on various aspects of investing in Madhya Pradesh.

The Confederation of Indian Industry (CII) will set the context for the Pravasi Madhya Pradesh Summit and members of Friends of MP from various chapters worldwide will address the event. Lord Remi Ranger of the UK House of Lords will also deliver an address.

Before taking a decision about Bhopal industrial summit Chief Minister Dr. Yadav visited Germany, Japan and England requesting industrialists to invest in India. He also of undertook visits to industrial towns in the country and state.

Commenting on the fourth coming industrial summit, former Chief Minister and himself an industrialist Kamal Nath warned that the state was carrying a heavy burden of loans even as the state government prepares to take another loan of Rs 5,000 crore this month.

Taking to X, Kamal Nath said, ‘Madhya Pradesh is sinking deeper into debt every day. The state has incurred a debt of Rs 4.10 lakh crore so far.

“And now there is news that the state government is going to take another loan of Rs 5,000 crore on Feb 18. Due to this loan taking policy of the BJP government, the state is moving towards a major fiscal crisis.”

The former Union minister for commerce and industry said, “It is very sad that in many cases the government has tried to earn money by selling or leasing public assets. The government is becoming completely dependent on debt to meet its expenses. The main reason for this is that the government is not using its existing resources judiciously.”

He argued if the economic activity of the state was steered in the right direction, then it will grow which will ultimately increase the revenue of the state govt.

“If the unemployed get jobs and industry and business are allowed to work in a positive environment, then economic activity will increase. But due to the poor law and order situation in the state, this is not possible,” he said.

Ten days before the Global Investors’ Summit in Bhopal, former CM Kamal Nath argued, “And the saddest thing is that despite taking continuous loans, the Madhya Pradesh government is not reducing its wasteful expenditure on events. The people of the state will never forgive them for this economic mismanagement.”

Not only from the opposition the state government is facing criticism from its party men also.

State Minister for Health Narendra Patel has publicly complained that liquorices openly sold in this constituency. He has made complaint to competent authority but no action has been taken. It is not for the first time that Patel has made complaint. He has also complaint about sand mafia. He himself caught truck load of illegal mines.

Besides Patel BJP MLA Chintamani Malviya has made complained about bribery in the allotment of House under P.M. Housing Scheme. Officers are openly demanding bribery in allotting house under the scheme. (IPA Service)