To hold business dialogue with prospective investors
Seek more investment for development of M.P.
Bhopal, September 28, 2015 (Muslim Saleem): In order to augment foreign investment in Madhya Pradesh, a high level delegation led by the Chief Minister Mr. Shivraj Singh Chouhan is visiting Japan and South Korea from September 29 to October 7, 2015. Minister of Industries Mrs. Yashodhara Raje Scindia, senior administrative officials and prominent industrialists have been included in the delegation for investment promotion. The Chief Minister will invite potential investors and business groups for Global Investors Summit to be held in 2016. In the recent past, Madhya Pradesh has successfully branded itself as investment friendly state with immense investment potential. Prime Minister Mr. Narendra Modi’s ambitious ” Make in India’ campaign will further strengthen the trade ties with Japan and Korea, which participated in the Global Investors Summit in 2014 as partner countries. The Chief Minister’s visit to these countries will encourage inflow of investment to the state and strengthen trade relations. The delegation led by the Chief Minister will meet leading companies, industry groups and representatives of business organizations and invite them to invest in Madhya Pradesh.Chief Minister’s Japan -Korea visit assumes added importance in respect to the business reform ranking done by the World Bank and the Government of India’s Department of Industrial Policy and Promotion. Madhya Pradesh figures among top five States for executing trade promotion policies and engineering trade policy reforms. The World Bank’s assessment of State’s excellent performance in trade promotion is based on some key indicators like single window system, building permits, environment-friendly measures and investment-friendly supportive infrastructure.
Assessment of Madhya Pradesh was based on performance in eight key areas like land allocation and granting of construction permit, infrastructure building and implementation of contracts and registration of tax procedures and giving environmental clearances. In this background, the visit of the Chief Minister will provide an excellent opportunity for the State to showcase investment possibilities while highlighting its achievements before industry groups.