Madhya Pradesh to be the venue of next Indo-US Business Meet
Bhopal: The Chief Minister Shri Shivraj Singh Chouhan has said that Madhya Pradesh has speedily emerged as investment destination. Automobile engineering, pharmaceutical, IT-enabled services, tourism, food processing, textile and renewable energy sectors offer immense investment opportunities.
Shri Chouhan was addressing a business conference organized by United States-India Business Council and Confederation of Indian Industries at Washington DC on October 2, 2012.
The US-IBC aims at promoting and strengthening trade and commerce relations between Indian and US trading community. The Chief Minister offered invitation to the members of US-IBC and trade representatives for Global Inventors’ Summit 2012 to be held at Indore on October 28-30, 2012.
The Chief Minister referred to the friendly relationship between Indo-American trading communities. The USA is the biggest source of foreign direct investment for India as it shares six percent of India’s total foreign direct investment, he said.
Talking about the investment friendly climate and infrastructure in Madhya Pradesh, Shri Chouhan said that Madhya Pradesh has been well equipped with road connectivity, water resources, power availability and technically skilled manpower that are most urgently required in industries.
The Senior Director and Policy Analyst and Acting Executive Vice President of US-India Business Council Ms. Diane Farrell in her concluding remark observed that such a pro-active approach will further foster trade relationship and opportunities. It was agreed that Madhya Pradesh will be the venue of forthcoming Indo-Business Trade Meet. Place and time will be decided later.
Discussions with International Finance Corporation
Prior to attending US-Indo Business Council conference, the Chief Minister Shri Chouhan met the senior officials of International Finance Corporation (IFC). Shri Chouhan said that sectors like renewable energy, infrastructure building, health, urban infrastructure building and public-private partnership need financial assistance along with technical guidance and consultancy also. He observed that technical guidance coupled with investment assistance can help accomplish projects timely without escalating costs.
The IFC officials were positive about the initial proposals of Madhya Pradesh. Discussions on investment assistance for water resources, health and road infrastructure were held.
Ms. Anita George Regional Industry Director, Infrastructure and Natural Resources, South Asia and Chief Investment Officer Public Private Partnership Department Shri Vipul Bhagat and country programme coordinator World Bank Jill Armstrong were present
