Minister Sanjay Pathak woos Vidarbha investors

Source: The Hitavada      Date: 02 Sep 2017 10:44:26

Nagpur Business Bureau,

“BEFORE 1956, we were also part of the CP&Berar, and I am back to my home state,” said Sanjay Pathak, Minister of MSME, Government of Madhya Pradesh. He was speaking at an interactive session on ‘Investment opportunities in Madhya Pradesh’, on Friday at Hotel Radisson Blu in Nagpur. The programme was organised with the support of Vidarbha Industries Association (VIA) and the Confederation of Indian Industry (CII). Also seated on the dais were V L Kantha Rao, Principal Secretary of Department of MSME, Madhya Pradesh, Srikanth Banoth, Additional Managing Director of MP Trade and Facilitation Corporation, Atul Pande, President of VIA and Ashutosh Tripathi, Chairman of CII Vidarbha Zonal Council.

Welcoming the industrialists of the region to invest in Madhya Pradesh, Pathak continued, “It is right time to invest in Madhya Pradesh and take the maximum benefit of the business-friendly policies of the MP Government.” He claimed that no State in the country was having such business-friendly policies.


“The five main factors required to set up a business are land, power, water, skilled/unskilled labour and best business-friendly policies. All of the five factors are readily available in our State,” Pathak said. He also noted that the MP’s industrial growth rate was at 6.45 per cent and its agricultural growth rate was 20 per cent which was the highest in the world. V L Kantha Rao, in his welcome remark, said that Madhya Pradesh had witnessed a radical transformation in terms of economic and social development in the last decade.

The State had recorded an impressive growth in Gross State Domestic Product (GSDP) averaging over 9 per cent during this period, supplemented by creation of a robust support infrastructure in terms of roads, water supply and irrigation capacity and a year round 24x7 power supply.Recognising the exponentially growing role of the micro, small and medium enterprises (MSMEs) in the economy of the State and the country, the Government of Madhya Pradesh has established a separate and dedicated department for the uplift of the sector.

“The aim of the MSME Department is to make MSMEs competent as well as to grow and help them promote socio-economic growth and create employment opportunities in the State. Vidarbha region of Maharashtra and south Madhya Pradesh have grown in an organic and integrated manner supporting each other’s economy in agriculture, manufacturing and services of this joint region,” he said.
Rao also noted that the adjoining industrial areas like Betul, Chhindwara and Jabalpur were very much related with each other and industrialists could take advantage of their relation by investing in the region.

Srikanth Banoth, with the help of a power-point presentation, shed light on the industrial scenario in Madhya Pradesh. “MP is a land of opportunities. Assimilation of different culture, excellent infrastructure, dry ports, strategic location, very strong natural resources, land bank of 1,20,000 acres, incentive schemes, etc., make MP the best destination for investment,” he said.

B A Pande, President of Industry Association, Betul, and J M Joshi, Vice-President of Borgaon Industry Association, and General Manager, Raymond Limited, also expressed their views. Atul Pande made the closing remarks while Ashutosh Tripathi proposed a vote of thanks.