‘Made in MP’ Gains Global Recognition, MSMEs Get a New Direction
CANON TIMES Bhopal | Chief Minister Dr. Mohan Yadav stated that the Global Investors Summit (GIS) in Bhopal will elevate the Micro, Small, and Medium Enterprises (MSME) sector to new heights, paving the way for youth to become entrepreneurs. He highlighted Prime Minister Narendra Modi’s efforts to strengthen MSMEs through key initiatives like PM-MUDRA, PM-Vishwakarma, and the MSME Credit Guarantee Scheme.
At GIS Bhopal, investment proposals worth ₹21,000 crore were received from several MSME companies. These investments are expected to generate 1.3 lakh employment opportunities and provide entrepreneurial prospects for young individuals who were previously seeking jobs.
Extensive Meetings & Technological Advancements
GIS Bhopal hosted over 600 B2G (Business-to-Government) meetings and 5,000+ B2B (Business-to-Business) meetings, bringing together industrialists, investors, and MSME companies. For the first time, an AI-based business matchmaking tool was used, facilitating the right partnerships. These interactions played a crucial role in positioning Madhya Pradesh as a global industrial hub.
Special Initiatives for MSME Growth
The Madhya Pradesh government has implemented several initiatives to empower the MSME sector. A new MSME policy was recently approved by the Cabinet, which includes:
- Allocation of undeveloped land for small, medium, and micro enterprises
- Permission for flat-based industries
- Development and maintenance of industrial zones through industry associations
- Investment target of ₹53,000 crore, creating an estimated 86 lakh jobs
- Implementation of an e-bidding system for transparent industrial land allocation
Additionally, new financial assistance schemes have been launched to provide easy credit access for MSME units. The government has introduced tax incentives, streamlined land allotment, and improved the Ease of Doing Business framework. Special emphasis is being placed on digital transformation, including AI, IoT, and automation, to enhance MSME operations. New initiatives are also in place to promote MSME products in international markets.
Key Investors
Several MSME companies have shown keen interest in investing in Madhya Pradesh. Major investors include:
- Vakee Private Limited (Indore)
- Bhagwati Teerth Poly Containers Industry
- Evet Limited (Bhopal)
- Aharam Mills Private Limited (Neemuch)
- DTV Export Private Limited (Indore)
- EZTech Enterprises Private Limited (Bhopal)
Future Prospects
The Madhya Pradesh government has outlined plans to attract even more investment in the MSME sector by 2025 through special incentive programs. Dedicated incubation centers and industrial clusters will be developed to support emerging businesses. The ‘Made in MP’ campaign will be aggressively promoted to give local products global recognition.
With the success of Global Investors Summit Bhopal, Madhya Pradesh is set to emerge as a leading investment destination for MSMEs, driving economic growth and employment opportunities in the state.
Author: This news is edited by: Abhishek Verma, (Editor, CANON TIMES)
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