MP Investors Summit 2024 took place in Madhya Pradesh Ujjain on March 1st and 2nd. It had over 19 sessions on various topics over 2 days.
Day 1 sessions were mainly on investment opportunities, MSMEs, and India's growth. Day 2 had a focus on Export opportunities in MP, market developments and market opportunities. The event finally ended with site visits and a buyer-seller meeting.
The investor’s summit attracted some of the major investors and participants including:
- Domestic and international investors: Government delegations from the United States, Germany, Japan, and South Korea were present, alongside business delegations from several other countries.
- Indian businesses: Investors from other Indian states like Gujarat, Rajasthan, and Maharashtra got invitations.
- Madhya Pradesh government officials: The state government aimed to showcase the opportunities available in Madhya Pradesh for businesses.
But why are investor summits held and what are their outcomes? Read on to find out:
Why was the MP investors summit organised?
Investor summits are like matchmaking events. They allow investment-seeking businesses to connect with potential investors. It is not just beneficial for businesses but also for the state.
Here is a complete breakdown of the benefits of investor summits:
Advantages for businesses
- Investment Opportunities: The summit is a concentrated pool of investors looking for a promising venture. Thus, businesses can pitch their ideas and secure funds.
- Networking Opportunities: It is a place for people to form connections with potential partners and collaborators. They can also use the platform to showcase their capabilities and innovations to build an audience.
- Government Support: These summits are mostly organised by the government and signal their commitment to economic development. Thus, they provide businesses with access to incentives and schemes.
Advantages for states
- Economic Growth: States attract a ton of investments during these summits. From these, they can create jobs, and boost development and economic activities.
- Highlights Investment Potential: States can use this as a channel to showcase their skilled workforce, tax benefits, and resource availability to a global audience.
- Improves Business Environment: It makes the state more attractive to businesses by improving regulations and streamlining processes.
Why does every state have its investor summit?
From the above information, we know investor summits are a win-win for both businesses and states. As they foster economic development and innovation.
However, there is fierce competition among states in terms of Investors Summit. Every state wants to attract the best investment opportunities for their businesses.
That’s not all. Some other reasons for separate investors' summits in each state are:
- Tailored Events: Each state has its industries and sectors to prioritise for growth.
- Showcase Unique Benefits: Every state has different strengths and separate summits allow them to highlight that.
- Direct Interaction: Separate summits allow states to address questions and concerns specific to their region to potential investors.
Key highlights of the MP investors summit
Madhya Pradesh State’s CM Mohan Singh Yadav concluded the session by sharing the belief that “talk less and work more”. Some of the other highlights of the event are:
- The summit featured both formal factory inauguration and groundbreaking ceremonies. This conveyed the state wants to prevent industry conclaves from becoming mere signing events.
- 508 hectares of land to 283 industrial groups got land allotment letters. To create jobs for 26,000+ people and attract investments worth INR 12,000 crores.
- The CM set up INR 10,064 crore investment to inaugurate 61 units. This will create more than 17,000 new jobs.
- Legal legislators from 20 different states joined the summit events through video call. This participation prepared them for forthcoming elections and gave them a sense of ownership.
- The summit was much smarter this year as compared to previous years. As it attracted investment over INR 1 trillion.
- Adani group promised an investment of INR 75,000 crores.
- The launch of an air ambulance took place by the Madhya Pradesh government. This will help in the quick transportation of poor patients from remote locations.
