Posted on 25 Mar 2023
PM Narendra Modi emphasized the significance and convenience of conducting business in India, saying that the 7th version of the 'Invest Madhya Pradesh-Global Investors Summit' took place in Madhya Pradesh when India's Azadi ka Amrit Kaal had begun.
The Prime Minister stated that Madhya Pradesh's power and commitment would be crucial in such a situation. Madhya Pradesh is unique, magnificent, and conscious in every way, from faith and spirituality to the tourist industry and agriculture, education, and skill growth. Madhya Pradesh would play a critical role in the development of India, according to Modi.
Modi announced a new statewide motto, MP Azab hai, Gazab hai, and Sazag hai (MP is strange, wonderful, and aware). "Madhya Pradesh's contribution to developing a prosperous India is vital," Prime Minister Narendra Modi said while digitally unveiling the Global Investors Summit at Indore's Brilliant Convention Hall.
Prime Minister Modi stated that not just every Indian but every organization and professional globally see India's developing economy as a shining beacon in the global economy. Excellent macroeconomic factors have the potential to lead the globe. Today, India has the world's most rapidly expanding economy. India will become the world's third-largest economy in approximately four to five years.
Prime Minister Modi stated that India is now a magnet for investors from all around the world. This is due to their unwavering trust in India. India has a strong democracy, a youthful population, an effective government, quick decision-making abilities, ease of living, and a simple business environment. India is on a Reform, Transform, and Perform track. India is developing at a phenomenal rate. We have been rapidly progressing toward self-sufficiency since 2014.
Prime Minister Modi stated that India has all the facilities needed for investment, that a National Single Window System is in position, that employment laws have been summarised, that various restrictions have been eliminated, that it has contemporary and multi-modal architecture, that it is equipped with world's most advantageous logistics industry, that a logistics strategy has been executed, that there is an optical fiber in every village, that it has a 5G network, that the bandwidth of the national highways has increased in the last eight years.
Prime Minister Shri Modi stated that New India has complete faith in the private sector's strength. The PM Gati Shakti National Master Plan is the governmental infrastructure development program. The financial sector has been recapitalized, there is One Nation, One Tax, and 100 percent FDI is permitted in numerous sectors. Private sector doors have recently been opened for the military, minerals, and space research sectors. These will accelerate the development and provide additional impetus to Make in India.
Prime Minister Modi stated that the Promotion Linked Incentive Scheme (PLI) for entrepreneurs in India has been introduced, which is becoming highly popular. So far, approximately two and a half lakh crore in rewards have been declared under this plan, four lakh crore has been produced, and hundreds of crores have indeed been invested in Madhya Pradesh, which is also benefiting from this scheme. Prime Minister Modi has urged investors to make the most of this opportunity.
According to Prime Minister Modi, research on green power is progressing quickly in India. The Green Hydrogen Mission was just established, with a future investment of 8 lakh crores. This tremendously bold mission will meet the world's energy needs. Join this and benefit from rewards of thousands of crores.
Prime Minister Modi addressed investors that there are many exciting opportunities for them in the investment sphere. It is time for India to help construct a new global supply chain. Invest gradually in India.
Presidents of Guyana, Dr. Mohammed Irfan Ali, and Suriname, Chandrika Prasad Santokhi, will attend the critical meeting. Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, had earlier greeted the guests. Union Trade and Industry Minister Piyush Goyal presented a virtual address from New York. Prominent investors also shared their thoughts on investing in Madhya Pradesh.
In his speech, Suriname's President, Chandrika Prasad Santokhi, stated that Prime Minister Narendra Modi is engaging with the ideology of Vasudhaiva Kutumbakam. Work is being done in a variety of fields as the economy improves. India is on top. Suriname and India will collaborate bilaterally in a variety of fields.
Dr. Mohammed Irfan Ali, President of Guyana, said he was delighted to visit Madhya Pradesh and meet with Chief Minister Shivraj Singh Chouhan. President Ali remarked on Guyana's rise as a cricketing powerhouse. Madhya Pradesh's development has accelerated due to good administration and regulations. He had firsthand knowledge of Indore's hygiene and attractiveness. Many businesses are sprouting up in Madhya Pradesh due to these specialties. Guyana will also serve as an industrialization partner.
MP CM promises to allocate land for enterprises within 24 hours.
At the event, Madhya Pradesh Chief Minister Shivraj Singh Chouhan stated that the Indore summit is worldwide.
In addition to the Presidents of Suriname and Guyana, the Finance Minister of Mauritius, the Commerce Minister of Bangladesh, and the Mineral Minister of Zimbabwe attended the conference. Representatives from 33 nations have arrived. There are 431 representatives from 84 nations in all. Today, there was a special discussion about Madhya Pradesh's specialties. According to the Chief Minister, industrialists have become acquainted with the environment established for industries in Madhya Pradesh.