Madhya Pradesh Can Become India's Next Growth Engine, CII Highlights Manufacturing, Investment And MSME Potential In Indore
Indore (Madhya Pradesh): Madhya Pradesh has the potential to become a major engine of India’s next phase of economic growth, backed by its strategic location, improving infrastructure, diversified economy and investor-friendly ecosystem, said Vir S Advani, chairman, CII Western Region, at a media roundtable organised by the Confederation of Indian Industry (CII) in Indore. Advani highlighted…
Madhya Pradesh boasts immense potential to become a significant driver of India's future economic expansion, according to the Confederation of Indian Industry (CII). Vir S Advani, chairman of the CII Western Region, addressed a media event in Indore, highlighting the state's strategic position, improving infrastructure, diverse economy, and investor-friendly environment as key assets.
Advani pointed out a multitude of opportunities in sectors such as manufacturing, logistics, renewable energy, food processing, technology, and emerging industries. He emphasized that a collaborative approach among industry, government, and institutions would be vital in drawing investments, creating jobs, and accelerating the economic transformation process. He further stressed that competitiveness, innovation, and sustainability should be the guiding principles for developing a future-ready ecosystem.
Milon K Nag, deputy chairman of the CII Western Region, echoed similar sentiments, stressing the importance of bolstering industrial ecosystems through robust supply chains, technological advancements, and skill development. Nag highlighted the significance of digital transformation, Industry 4.0 adoption, and the integration of micro, small, and medium enterprises (MSMEs) into both domestic and international value chains, which could significantly enhance productivity and industrial competitiveness.
Siddharth Chaturvedi, chairman of CII Madhya Pradesh, shed light on various initiatives aimed at promoting industry-led development. These include investment promotion, MSME development, skill training, policy advocacy, and fostering collaboration between industry and academia. CII's Centres of Excellence, encompassing manufacturing, sustainability, logistics, innovation, and agriculture, play a pivotal role in supporting these objectives.
The Food & Agriculture Centre of Excellence, for instance, focuses on enhancing agricultural productivity and fostering sustainable rural development at Vidisha's Krishi Vigyan Kendra.
CII reiterated its unwavering commitment to elevating Madhya Pradesh's status as a highly competitive, innovation-focused economic hub through robust collaboration between industry and government entities.
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