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January 12, 2023

MP Is Emerging As An Economic Tiger, Says Piyush Goyal

Urvi Srivastava Financial Reporting economics, MP Global Investors Summit, Piyush Goyal

Speaking about the numerous investment opportunities in Madhya Pradesh at the MP Global Investors Summit, Goyal said it has emerged as the ideal investment destination

Union Minister for Commerce and Industry Piyush Goyal today highlighted Madhya Pradesh as an ideal investment destination and called upon investors from across the world to become partners in the progress and growth of MP. Goyal virtually addressed the Madhya Pradesh Global Investors Summit 2023 at its inaugural day today. 

“Central location, ample land, infrastructure and skilled resources make MP an ideal investment destination,” Goyal said. Talking about the summit, the union minister said that this summit offers an opportunity to the industry to participate in the vibrant future of India. 

Speaking about the numerous investment opportunities in Madhya Pradesh, Goyal said it has emerged as the ideal investment destination. It has ample land, infrastructure, skilled resources and offers massive opportunities in agriculture, food processing, pharmaceuticals, automobiles, tourism, textiles and renewable Energy. He mentioned that the Gross State Domestic Product of MP grew by nearly 20 per cent last year. 

Goyal expressed confidence that the Green hydrogen Mission launched by PM, combined with support of Madhya Pradesh government, will help in bringing huge investments in several sectors particularly in green hydrogen and renewable energy. Goyal also mentioned that there will be an upward curve for MP’s textile sector, which contributes 24 per cent of organic cotton production in the world.

The union ministry further said that the Prime Minister Narendra Modi has always focused on encouraging the development and economic growth in states, thus providing huge opportunities to the people in the remotest parts of India. He said PM Modi believes that states will be the strong pillars to support developed India, a commitment that the entire nation has taken along with PM on 15 August 2022, as the nation celebrated ‘Azadi Ka Amrit Mahotsav’ on 75 years of India’s independence. 

Referring to PM’s opening address at the Summit wherein he spoke about various initiatives of the centre like PM Gati Shakti, National Infrastructure Master Plan and Digital India, Goyal said all these have been possible under the visionary leadership of PM Narendra Modi. Citing examples of One Nation, One Tax, IBC, One Nation One Grid, he said the government is developing infrastructure like never before.

Stating that MP is emerging as an economic tiger, he hoped that MP will continue to grow at the speed of cheetah which were released in Kuno National Park by PM some months ago. He exuded confidence that MP will further accelerate the country’s economy by attracting industries with newer opportunities. 

Urvi Shrivastav

→ Urvi Shrivastav

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