MP invites investors towards industry-friendly environment

Gwalior, Jan 17 (UNI) Madhya Pradesh today pitched itself as an ideal investment hub as Chief Minister Shivraj Singh Chouhan invited investors to harness the new industry-friendly environment in the state.

''Madhya Pradesh is well endowed with natural resources and mineral deposits. Our markets have just begun to open up for full utilisation of products--which means a rich potential for both import and export-oriented products,'' said Mr Chouhan while addressing the Madhya Pradesh Exportech 2008.

Assuring full cooperation from the government on all fronts, the Chief Minister asked the investors to take advantage of the favourable conditions of the state economy.

Madhya Pradesh is the country's first state to successfully complete a SEZ project. More such projects are coming up in the state with special focus on the pharmaceutical industry, he added.

While responding to a question, Mr Chouhan said the growth was not confined to a particular sector of the state but the state will definitely like to export its surplus production of soyabean to countries such as Singapore, who have expressed interest in exporting them.

During last year, the state exported medicines worth Rs 5,000 crore, pulses and cotton fibre worth Rs 1,000 crore respectively with huge potentials in the field of wheat, soyabean and herbal sector,'' Mr Chouhan said.

Exportech 2008 is aimed at providing a common platform to manufacturers and sellers of export-oriented products from the state and international buyers.

Buyers from all the major South East Asian countries along with countries such as France, Belarus, Tanzania, Chad and Kenya are participating at the event, apart from 130 domestic exhibitors.

Madhya Pradesh Exportech will be made an annual event and will be held in different parts of the state such as Bhopal and Indore every year, Mr Chouhan added.

UNI AK PDT RS2027