New York, [USA], Aug 31 : US industry executives from the US-India Business Council (USIBC) met with the Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan here today for a discussion about investment opportunities in the state of Madhya Pradesh.
Encouraging participation at the 'Invest Madhya Pradesh Global Investors Summit' to be held in October, Chief Minister Shivraj Chouhan engaged with senior business executives on important topics that have dominated the bilateral commercial relationship in recent months and addressed areas such as Madhya Pradesh's comparative edge as an investment destination and regulatory reform measures that have been undertaken by the government to promote ease of doing business in the state such as the concept of single table clearance.
The discussion focused on key areas for investment promotion in the state that includes Aerospace and Defense, automobiles, electronics, food processing, Information Technologies, pharmaceuticals, and renewable energy.
Madhya Pradesh also has the maximum number of cities (Bhopal, Indore and Jabalpur) included in the list of first 20 Smart Cities shortlisted by the Government of India.
"With agricultural production at 20 percent per annum, industrial growth at 8 percent per annum, 24/7 electricity, as well as the largest solar energy generator in Asia, Madhya Pradesh is a dynamic state with burgeoning opportunities across all sectors for investors," said Chouhan.
"The central location of the state, skilled manpower, robust industries spanning every sector of the economy makes it an ideal destination for investment.
Recent measures by the state government to improve its ease of doing business by fast-tracking decision-making processes, ratification of the GST Bill, numerous smart city projects, innovative solar energy projects and joining the UDAY scheme are indicative of an entrepreneurial mindset, and are likely to reap economic benefits for the state.
We are hopeful that the Madhya Pradesh Global Investor Summit will see participation from American investors," said Mukesh Aghi, President of USIBC.
The event was attended by companies and senior leaders from every major sector of business including MasterCard, Pfizer, Xylem, John Deere, Herbalife, Vanguard, and Skypower.