M.P. to establish Investment Promotion Desk in East Asia

Bhopal: The State Government will establish Madhya Pradesh Investment Promotion Desk in East Asian countries to facilitate investments in Madhya Pradesh. Dry Port will also be established in collaboration with the Centre.

The Chief Minister Shri Shivraj Singh Chouhan gave instructions regarding this while addressing a meeting of the Investment Promotion Committee at Mantralaya here today.

Minister for Commerce and Industries Smt. Yashodhara Raje Scindia, Minister for Public Relations Shri Rajendra Shukla and Minister for Transport and Science and Technology Shri Bhupendra Singh attended the meeting.

The Chief Minister asked the authorities concerned to chalk out detailed plans to encourage investments from the East Asian countries. He said that the prospective investors and their associations or bodies must be apprised of the initiatives taken under the Ease of Doing Business in the state. They should be informed about single-door policy.

East Asian countries at a meeting on investment possibilities in state

The Secretary to C.M. Shri Hariranjan Rao gave a presentation on the possibilities of investments from EastAsian nations. He informed that Taiwan and other East Asian countries are exploring investment opportunities in India and specially in potential destinations like Madhya Pradesh. The Policy initiatives specially in Electronics Manufacturing are attracting them. The country’s first PCB cluster for electronic products is coming up at Gwalior. Suggestions about setting up of centres for learning Chinese, translating Industrial policies into Chinese and Oriental Culture Centre were also given at the meeting.

The policy for promotion of micro, small and medium industries was endorsed at the meeting. The proposed policy talks about giving capital subsidy for micro, small and medium industries, compensating the infrastructure expenses and exempting them from various taxes and fees.

Additional Chief Secretary Finance Shri Ajaynath, Agriculture Production Commissioner Shri R. K. Swai, Principal Secretary, Commerce and Industry Mohammad Suleman, Principal Secretary for Commerce Shri Manoj Shrivastava, Principal Secretary to Chief Minister Mr. SK Mishra including officers of the departments concerned were present.
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