An informative roundtable discussion on the Space Technology Sector was also organised.
Invest Madhya Pradesh: Road to GIS 2025
Government of Madhya Pradesh successfully organisedits 3rd“Interactive Session on Investment Opportunities in Madhya Pradesh"at the Four Seasons Hotelin Bengaluruon August 8, 2024. The sessionaimed to promote the upcoming “Invest Madhya Pradesh- Global Investors Summit2025” and attract Investors to establish Industry in Madhya Pradesh. This event also provided a platform to showcase the State's investment potential to key industry stakeholdersand investors from various sectors.
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Over 500 prominent industrialists and representatives from 10+ industry associations such as NASSCOM, IESA, TIE, CIMI, KASSIA, FIEO, AEPC, FKCC and representatives of Global Capability Centers (GCCs) participated in the event. The key focus sectors included IT, ITeS& ESDM, Space Techand Pharmaceuticals.
The session on the Investment Opportunities in Madhya Pradesh witnessed the participation of 15+ foreign delegates from countries like, Australia, Switzerland, France, Italy, Britain, Poland, Cambodia, Morocco, Peru, Tunisia, Namibia.
The programme commenced on 7th August, with a visit of Hon’ble Chief Minister to Hindustan Aeronautics Limited. This visit offered a deep understanding of the production processes involved in Aerospace and Defence equipment manufacturing.
An informative roundtable discussion on the Space Technology Sector was also organised. The discussion aimed to understand India’s current space technology landscape, gather insights from space tech startups and companies, identify areas where Madhya Pradesh could engage with the growing space economy andexplore collaborations with academic institutions and the private sector. Additionally, it addressed policy measures and initiatives to attract space tech companies to the state.
In a subsequent roundtable discussionwith NASSCOM, industry leaders from Cognizant, Infosys, TCShighlighted the state’s potential in the digital economy. They emphasised the benefits of expanding IT infrastructure and employment opportunities.
Led by the Hon’ble Chief Minister of Madhya Pradesh, Dr. Mohan Yadav, the main event on 8th Augustfeatured a series of significant interactions, presentations and MoUs designed to strengthen the State's Industrial ties with region's key industrial players.
Notable industrialists who shared the daiswithHon’ble Chief Minister, Madhya Pradesh, Dr. Mohan YadavincludedMr. Mohandas Pai,Padma Shree andCo-founder,Aarin Capital Partners,Mr. Sidhharth Sethi, Managing Director of Infobeans; and Mr. Shiv Venkatramani, Chief Operations Officer of Lapp India.
Around 40+ one-to-one meetings were arranged between industry leaders and the Hon’ble Chief Minister, fostering in-depth discussions and potential collaborations. Meetings withprominent companies such as Nvidia, Google Cloud, Infosys, Aarin Capital Partners, Tech Mahindra, HP, AGI Glaspac, Kaynes, Kirloskar, Bosch, Lapp India, Groww, Goldman Sachs and Thiagarajar Mills provided an opportunity for investors to gain a deeper understanding of Madhya Pradesh's business&industrial environment and, the State's commitment of supporting new ventures through policy initiatives and infrastructure development.
During the inaugural session, Mr. Siddharth Sethi, Managing Director, InfoBeans Ltd, opened the forum with his welcome remarks, “The favourable Government policies make Madhya Pradesh an ideal State for investment, offering single-window clearance and exceptional infrastructural development. The infrastructure of Madhya Pradesh is truly No. 1”.
Mr. Raghwendra Kumar Singh, Principal Secretary, Department of Industrial Policy and Investment Promotion, Govt. of MP, gave an insightful presentation on investment opportunities in Madhya Pradesh and provided valuable information for investors exploring business prospects in the State. He said, “Madhya Pradesh offers attractive policies to boost manufacturing, including up to 40% investment in plant and machinery. The State also emphasises green industrialisation, providing assistance for waste management systems, infrastructure development for power and water tariff rebates.”
Mr. Sanjay Dubey, Principal Secretary, Department of Science & Technology, Govt. of MP, showcased investment prospects in the IT, ITeS& ESDM Sector.He said “Madhya Pradesh is committed to providing a conducive environment for the sector. Our startup policy offers ₹1.28 Cr. to support 57 startups. Two startups from Madhya Pradesh have already become unicorns, reflecting the state's belief in the power of startups and its youth. “
Dr. Navneet Mohan Kothari, Secretary, Dept of MSME, Govt. of MP highlighted the State’s initiatives in supporting small and medium enterprises.Madhya Pradesh boasts a robust and thriving MSME sector, with a healthy female-to-male working ratio. The Government provides fiscal incentives, fully developed sites and conducive policies to support this industry.
Ms. Bidisha Mukherjee, Additional Managing Director, Madhya Pradesh Tourism Board, presented on the tourism potential of Madhya Pradesh, emphasising investment prospects in religious, wildlife, adventure and film tourism.
The session also featured insights from prominent industrialists. Mr. Mohandas Pai, Padma Shree andCo-founder, Aarin Capital Partnerssaid, “The future of India will be defined by five big States in India and Madhya Pradesh is one of them. The State’s policies, enlightened Government, infrastructure and purchasing power are like none other.”
Mr. Shiv Venkatramani, the Chief Operations Officer of Lapp India, said, “Madhya Pradesh always had great plans for infrastructure and industrial growth. Lapp India’s Bhopal plant has become the No. 1 plant as per German standards.”
Hon’ble Chief Minister, Madhya Pradesh, Dr. Mohan Yadav,in his address, outlined the government’s vision and initiatives to promote investment, innovation and sustainable development in the State. He said“ Madhya Pradesh thrives on its united strides towards growth. Under the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi, India has advancedand Madhya Pradesh is moving forward in tandem. India’s startups are exponentially growing and they will propel the nation onto the global stage, bringing the recognition and prestige the nation deserves.
Madhya Pradesh is dedicated to advancing with the nation. Rooted in its rich history and traditions, and inspired by Vikramaditya’s commitment to supporting the nation, the State is focused on standing with its people. This enduring legacy distinguishes Madhya Pradesh not only within India but on the global stage
A significant milestone was achieved with the signing of 4 MoUs between Madhya Pradesh State Electronics Development Corporation Ltd. and key industry associations, including the India Electronics & Semiconductor Association (IESA), TIE Global, Electronic Industries Association of India (ECLINA), Association of Geospatial Industries (AGI). These MoUs aim to facilitate increased cooperation and investment in Madhya Pradesh's thriving IT, ITES & ESDM sector.
Mr. Chandramauli Shukla,Managing Director, MP Industrial Development Corporation Ltd., delivered the Vote of Thanks at the conclusion of the Interactive Session on Investment Opportunities in Madhya Pradesh. He expressed his gratitude to all participants for their engagement and highlighted the importance of collaboration in driving economic growth. He said, “In the past six months, MPIDC’s team, following the Hon'ble CM’s industry outreach initiative, has visited many states. Looking ahead, many more destinations are planned, to boost awareness and interest in Invest Madhya Pradesh - Global Investors Summit 2025”.
The event provided a platform to engage with 100+ key stakeholders,through various networking sessions and 4 round table sessions on IT, ITeS& ESDM sector, Apparel Sector, Spacetech Sector and with the GCCs.
The event featured a significant roundtable on Global Capability Centres (GCCs), where esteemed organisations such as Siemens, Cargill and Goldman Sachs participated. The objective of this roundtable was to create an understanding about GCCs and to hear from industry captains about the key initiatives that Madhya Pradesh should take for attracting GCCs to the state, leveraging local talent and technology for economic growth.
The Interactive sessionat Bengaluruconcluded with roundtable discussions on Apparel and IT & ITES sectors. The IT sector roundtable focused on innovation, collaboration and sustainable growth, aligning with Madhya Pradesh’s vision for global IT prominence. Meanwhile, the apparel roundtable discussed the apparel industry’s growth, highlighted key industrial areas like the upcoming PM Mitra Textile Park in Dhar, emphasized technology integrationandstressed the need for workforce development.
The event attracted investments totaling Rs. 3,200 crores across various sectors, including IT, ITeS, ESDM, Textiles, Agriculture and Food processing, and other Manufacturing sectors.
The interactive session in Bengaluru provided a valuable platform for dialogue with industry leaders and investors, showcasing the state’s commitment to creating a business and industry friendly environment that supports innovation and economic growth. The Department of Industrial Policy and Investment Promotion, Govt. of Madhya Pradesh is keen on advancing the State through these interactive sessionsbeingheld in various cities both in India and abroad and, are envisaged as a pathway to the‘Global Investors Summit 2025’ to be held in February next year. The goal is to anticipate a prosperous trajectory of investments, aiming to transform the state into a US$ 550 billion economy.
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