Madhya Pradesh Chief Minister, Shivraj Singh Chouhan, Addresses Investors in New York
FOR IMMEDIATE RELEASE
August 30, 2016 – New York, NY- Today a group of U.S. industry executives from the U.S.-India Business Council (USIBC) met with the Chief Minister of Madhya Pradesh, Mr. Shivraj Singh Chouhan for a discussion about investment opportunities in the state of Madhya Pradesh and for encouraging participation at the “Invest Madhya Pradesh Global Investors Summit” to be held in October .
Chief Minister Shivraj Chouhan engaged with senior business executives on important topics that have dominated the bilateral commercial relationship in recent months and addressed areas such as Madhya Pradesh’s comparative edge as an investment destination and regulatory reform measures that have been undertaken by the government to promote ease of doing business in the state such as the concept of “single table” clearance. The round table discussion focused on key areas for investment promotion in the state that include Aerospace and Defense, automobiles, Electronics, Food Processing, Information Technologies, Pharmaceuticals, and Renewable Energy. Madhya Pradesh also has the maximum number of cities (Bhopal, Indore and Jabalpur) included in the list of first 20 Smart Cities shortlisted by the Government of India.
Describing Madhya Pradesh as an ideal investment destination, Minister Chouhan said, “With agricultural production at 20% per annum, industrial growth at 8% per annum, 24/7 electricity, as well as the largest solar energy generator in Asia, Madhya Pradesh is a dynamic state with burgeoning opportunities across all sectors for investors.”
Congratulating the vision of Chief Minister Chouhan, Mukesh Aghi, President of USIBC, said, “The central location of the state, skilled manpower, robust industries spanning every sector of the economy makes it an ideal destination for investment. Recent measures by the state government to improve its ease of doing business by fast-tracking decision-making processes, ratification of the GST Bill, numerous smart city projects, innovative solar energy projects and joining the UDAY scheme are indicative of an entrepreneurial mindset, and are likely to reap economic benefits for the state. We are hopeful that the Madhya Pradesh Global Investor Summit will see participation from American investors.”
Describing UST Global’s partnership with the State of Madhya Pradesh, Mr. Dan Gupta, Chairman Emeritus, UST Global said, “We are delighted to partner with the Government of Madhya Pradesh. With an investment of INR 400 Crores in Madhya Pradesh, we aim to create 5000 jobs. Our business continues to be committed to and passionately driven by our mission to Transform Lives”. The event was attended by companies and senior leaders from every major sector of business— MasterCard, Pfizer, Xylem, John Deere, Herbalife, Vanguard, and Skypower.
About U.S. India Business Council: Formed in 1975 at the request of the U.S. and Indian governments, the U.S.-India Business Council is the premier business advocacy organization, comprised of top-tier U.S. and Indian companies advancing U.S.-India commercial ties. USIBC is the largest bilateral trade association in the United States, with liaison presence in New York, Silicon Valley, and New Delhi.