Indore has become a center of attraction across the globe. Major IT giants such as Infosys, TCS, CSC, Infobeans; among others, have already forayed into Indore region. Indore has been acknowledged for its significant contribution in manufacturing, IT, Automobile, food and beverage and electronics domains. Indore has been better known for its appellation “Mini Mumbai”. Amid global and regional slowdown Indore still looks promising and lucrative region to invest in. Indore is the most preferred destination for startup meet, investors summit and other brainstorming seminars for emerging entrepreneurs and business leaders. For instance, The Brilliant Convention Center, Indore is all set to host the “Magnificent MP 2019- Summit” on 18th October 2019. The event is expected to attract investors from around the globe for both angel investors and venture capitalists. The chief minister of Madhya Pradesh- Shri Kamal Nath will be inaugurating the event.
MP is located at the heart of India, strategically connecting five states and has a vast scope of an untapped market. The state endeavors to provide strong foundation for the people of Madhya Pradesh. The MP government is expected to relentlessly push economic growth and it is expected to boost varied domains to lift investing opportunities. Amid the current economic slowdown, this investors summit will bring unprecedented growth prospects to the state and Indorians.
Moreover, the state is going through a transformation phase and also a transition phase to becoming one of the economic powerhouses in line with its neighbors including Gujarat and Maharashtra. Magnificient MP will further steam up the social-economic inclusivity, industrial manufacturing, and IT powerhouse for the betterment. The summit earlier used to last 3 days which now has been rescheduled to end the same day due to some unforeseen reasons. However, the platform is all set for global companies to showcase their potential and achievements through a ‘Global Trade Exhibition’. Investors are keen to invest in potential business ideas for longterm growth and mutual benefits.
Strong growth fundamentals to mutually benefit the stakeholders
The event is a biennial affair for the state of MP since 2007. In the last summit, the state received over 2630 investments worth INR 5.63 trillion. This highlights the significant potential that the state had to offer to global investors. At the summit, various industrialists will be brainstorming industry players, potential startups and expected to boost new technology and development across 15 focused sectors. A complete plethora of sectors including Agriculture & Food Processing, Automobile & Engineering, Information Technology & ESDM, Pharmaceuticals, Healthcare, Logistics, Tourism, amongst others will be present at the event. There are many Indian business tycoons and leading industrialists that are predicted to inculcate motivation to young guns and emerging startups. Mukesh Ambani, Gautam Adani, Anand Mahindra, and Kumar Mangalam Birla are expected to attend this mega event.
Madhya Pradesh (MP), a lucrative destination for all investors According to MP Congress Committee, there has been a capital inflow of around INR 30,000 crore in the Indore-Pithampur region. “The forward development-oriented measures have been taken by the state government to boost economic growth of MP. Investment and funding from government and private ventures is on rise and expected to continue this trend owing to various cohesive policies and initiatives such as Magnificent MP summit. Magnificent Madhya Pradesh 2019 Summit is expected to put a lasting impact and can be a historic success. Madhya Pradesh is strategically located with a lot of potential in the fields like energy and minerals like iron and coal ores coupled with the availability of a skilled and economic workforce in copious amount. Indore is an educational hub and has already globally acknowledged for prestigious organizations such as IIT and IIM.
