Madhya Pradesh Global Investors’ Summit 2023
Invest India in collaboration with the Government of Madhya Pradesh, organised a panel discussion on ‘Production Linked Incentives Schemes: Boosting Manufacturing in India and Role of Madhya Pradesh’ at the Madhya Pradesh (MP) Global Investors Summit 2023 in Indore. This session was conceptualized and managed end to end by Invest India, with support provided by the MP State Government.
The introductory remarks in the session were given by the Mr. Mohammad Suleman, Additional Chief Secretary, Government of Madhya Pradesh while Mr. Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) gave the keynote speech. The session was moderated by Mr. Dushyant Thakor, Senior Vice President at Invest India and the panel speakers comprised of Mr. Sanoj Kumar Jha, Additional Secretary, Ministry of Food Processing Industries, Mr. John Kingsly, Commissioner, Department of Medical Education, Government of Madhya Pradesh and senior representatives from Pratibha Syntex, Avgol, SMT and Symbiotec Pharmalab, all of them being Production Linked Incentives (PLI) winners in their respective sectors.
The session highlighted the importance of India’s Prime Minister's vision of 'Atmanirbhar Bharat' and the journey of the Government of India behind introducing these schemes and how this move has improved the manufacturing landscape of the country. It also delved into how private sectors view these PLI schemes as part of their internal strategy and how it has helped them firm up their India manufacturing plans. Furthermore, it focused on investments received by the State of MP under this scheme and the role played by the government of MP to attract high value investments in food processing, pharma, and textile sectors.
Mr. Anurag Jain, Secretary, DPIIT, Government of India also unveiled the report titled "Madhya Pradesh: Opportunities Abound" at the session. The report was created by India Investment Grid (IIG) team, in partnership with the Strategic Investment and Research Unit (SIRU) at Invest India. It provides investors with a holistic overview of the top sectors of Madhya Pradesh, including investible projects, opportunity landscape and government incentives. It was compiled by the IIG and SIRU team in collaboration with the MP Industrial Development Corporation and other state departments.