Global Investors Meet to target employment generation in MP

More than 2,000 investors are likely to participate in a 3-day global business event to be hosted by the Madhya Pradesh government at Indore from Sunday with special focus on generating employment in the state.

Delegates from 21 countries including the US, Australia, Japan, Singapore, the UK, Germany and Finland will take part in the meet, MP Trade and Investment Facilitation Corporation (TRIFAC) Managing Director Arun Kumar Bhatt told PTI.

Nearly 2,200 investors from the country and abroad will participate in 'Global Investors Meet', said officials associated with the event.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan yesterday reviewed the preparations in Indore. He will hold meetings with entrepreneurs on all the three days.

A short film 'Advantage Madhya Pradesh' focusing on the state will also be screened on the occasion.

"The major focus of the Global Investors Meet will be on those industries which can generate maximum employment for the people of the state," Bhatt said.

"The focus will be on warehousing and logistics, health, education, skill development, infrastructure, renewable energy sources and on micro, small and medium enterprises to generate employment for people," Bhatt said.

He said the event would definitely facilitate more investments in the state than the last meet.

On the results achieved so far from the earlier investors meet in the state, he said, "Out of the total MoUs inked, 45-50 per cent of the investment is at different stages of implementation with a number of units already becoming functional."

During the earlier investors meets, the state has inked about 443 MoUs, of which 166 are at different stages of implementation involving investments worth Rs 3.23 lakh crore on the ground, Bhatt said.

He said that to improve industrial infrastructure in the state, Rs 700 crore would be invested in existing industrial areas and the government will also create 27 new industrial areas.

On the first two days of the summit, senior officials from various departments will give presentations on investment potential in the infrastructure sector, urban administration, health services, new and renewable energy, engineering and automobile, IT, warehousing & logistics, textile, agri business and food processing and tourism sectors.
The Industrial Promotion Policy and other new amended policies will help increase the pace of integrated economic development in Madhya Pradesh, they said.

"We have already got consent from leading industries (for participation) including Anil Dhirubhai Ambani Group, Essar group, Godrej group, Aditya Birla Group, Adani Group, Essel Group and Sahara Group," Bhatt said.