Sep 27, 2024, 1:15 PM
Sep 27, 2024, 1:15 PM

Investment MoUs Signed at Sagar Conclave on Friday

Highlights
  • The fourth Regional Industries Conclave is taking place at the Jawaharlal Nehru Police Academy Ground in Sagar, focusing on attracting industrialists and investors.
  • The Chief Minister announced that over Rs 2 Lakh Crores in investment MoUs have been signed, aiming to create job opportunities and enhance the state's economy.
  • The conclave is part of the preparations for the 'Invest Madhya Pradesh-Global Investor Summit-2025', with the goal of positioning the state as a leading investment destination.
Story

The fourth Regional Industries Conclave was organized on Friday at the Jawaharlal Nehru Police Academy Ground in Sagar, Madhya Pradesh. This event brought together industrialists and investors from across India and abroad, focusing on creating new job opportunities for the youth and improving the welfare of various communities, including the poor, women, and farmers. The Chief Minister emphasized the importance of establishing diverse industries in the region to generate employment and increase state revenue. During the conclave, the Chief Minister announced that the state has signed Memorandums of Understanding (MoUs) worth over Rs 2 Lakh Crores, reflecting a strong interest from investors. He highlighted the potential of the Bundelkhand region and the government's commitment to fostering an environment conducive to industrial growth. The focus is also on retaining skilled students in fields like IT and engineering within the state to utilize their capabilities effectively. The government has assigned responsibilities to district collectors to address local issues and expedite the establishment of industries. This district-level focus aims to ensure that every individual can find work suited to their skills, thereby creating ample business opportunities. The Chief Minister expressed optimism about doubling the state's economy within three years, aligning with the broader goals of the conclave. The Regional Industries Conclave serves as a prelude to the 'Invest Madhya Pradesh-Global Investor Summit-2025', which aims to position Madhya Pradesh as a favorable investment destination. The summit will showcase the state's resources and industrial environment, further enhancing its appeal to potential investors.

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