GST will make Madhya Pradesh logistical hub of India

GST_IndianBureaucracy
GST_IndianBureaucracy

Shri Arun Jaitley, Finance Minister said that with the introduction of the GST regime, MP, the heart of India will transform into a supply hub for all the four corners of the country. He was the Chief Guest of the prestigious Global Investors Summit inaugurated in Indore today.  He lauded the visionary leadership the Chief Minister of Madhya Pradesh that transformed the state from a BIMARU state to one posting a double-digit growth and one that is a favoured investment destination.

Shri Jaitley said the state government’s focused efforts in the area of water, power and empowering the weaker sections of the society have contributed to its development. He said that the turning point for the state was the exceptional growth of near 20% that it posted in its agriculture sector for a couple of years, which increased rural purchasing power and prosperity.

The fifth edition of the biennial Global Investor Summit was organised by the State Government with CII as its National Partner. The 2-day summit witnessed enthusiastic participation not only from top industry leaders but also domestic and international investors. In addition to investors from India, the summit saw participation from over 42 countries.

Shri Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh welcomed investors to Madhya Pradesh and said that the state which believes in the adage “Vasudeva Kutumbakam”, which means that entire world is one family.  He said that GIS stood for “Growth with Investment & Sustainability” and that the state of MP considers investor as their friend and partner in growth. The Chief Minister spoke about the huge strides made by the state in the area of power, water and infrastructure and urged investors to invest in Madhya Pradesh.

The Chief Minister said that the state moved from single window policy, to open door policy and further to single table policy today where he and his team work on investment facilitation. He said that the state has a land bank of 1,25,000 hectares also assured availability of skilled labour as per industry requirements. The Minister said that the commitment of his government is reflected in the fact that many businesses in the state have been set up in a period of 1-1.5 years and also commenced production.

Shri Ravi Shankar Prasad, Electronics & Information Technology Minister, Govt of India said that MP is an example of all-round development. He said that PM is the Captain of Team India and Chief Minister of Madhya Pradesh is the opening batsman of the team and has succeeded in leading the state to prosperity.

Shri Narendra Singh Tomar, Minister for Rural Development, Drinking Water & Sanitation, Govt of India appreciated efforts of the CM in the progress of the state of Madhya Pradesh. He said that the CM has targeted to achieve all-round and balanced development for the state with focus on with focus on villages, farmers and the poor.

Dr Naushad Forbes, President, CII & Co-Chairman, Forbes Marshal  Pvt Ltd said that CII is privileged to partner with MP State Govt for GIS, the progressive convention series that showcases the remarkable progress made by the state of MP and the immense investment opportunity it offers. He said that Madhya Pradesh is not only fastest growing state in India but also fastest growing agri economy. This lays the foundation for rural prosperity and rural income which is favourable for overall economic development. Applauding the efforts of the State Government, Dr Forbes said that the state has laid the foundation for strong economic growth for the next 30 years.

Shri Chandrajit Banerjee, Director General, CII, said that the GIS exemplifies the spirit of teamwork under competitive and co-operative federalism. He thanked Chief Minister for the phenomenal leadership at the 5th GIS Summit.

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