Indore: Madhya Pradesh is ready to take any unorthodox step to help the corporate sector invest and create jobs, chief minister Kamal Nath said at an investor summit where top industrialists lauded the state’s business climate and pledged investments. Officials said the summit was likely to attract investments of Rs 1 lakh crore and create about 250,000 jobs.
The CM promised full support to industry, saying the state was already taking far reaching steps to transform the business climate and was eager to get new ideas from industrialists. “Unorthodox and unconventional are hallmark of our government. We are ready to do anything if an investor convinces us that it is in the public interest,” Nath told business leaders at ‘Magnificent Madhya Pradesh’ on Friday.
Adi Godrej of Godrej group, Sanjeev Puri of ITC, Dilip Shanghvi of Sun Pharmaceuticals, Vikram Kirloskar of Toyota Kirloskar Motor, Rakesh Bharti Mittal of Bharti Enterprises and Ravi Jhunjhunwala of LNJ Bhilwara Group attended the event, while Mukesh Ambani sent a video message as he could not attend the event because of Reliance Industries’ board meeting for quarterly earnings.
Nath said that Madhya Pradesh was geographically very attractive because apart from its own large market, it bordered five states which add up to nearly half of the country’s population. “It’s a perfect destination for warehousing and logistics industry as it serves major consumption markets.”