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Jaitley says MP has overcome tag of bimaru State

Indore: Union Minister for Finance Arun Jaitley said that importance of supply chain will reflect in countrys economy after implementation of GST and Madhya Pradesh will become supply hub due to its better geographical location. Investors should invest in Madhya Pradesh keeping this in mind. Jailtley was addressing the inaugural session of the Global Investors Summit-2016 at Indore today. Around 4,000 investors of 42 countries and their representatives are taking part in the summit. Ambassadors and representatives of investors of UK, Sout Korea, Japan, UAE and Singapore are also taking part in the summit.

Jaitley said that the atmosphere has become good in the country for investment. Investment has gained pace in the public sector. In the same pace investors should invest in the private sector too. Investors will have good experience through investment in Madhya Pradesh. Moreover, Madhya Pradesh has become example of progressing state by transforming its historical geographical loss into its strength. Madhya Pradesh was among the backward states because of its roads, electricity and water thirteen years ago and was known as Bimaru State. The state government in the leadership of the Chief Minister Shivraj Singh Chouhan has worked excellently in the field of infrastructure development. Today roads are good and state has become surplus power state. There are good irrigation facilities for the farmers. The state government has utilized the resources to make people economically strengthened. The agriculture growth rate of Madhya Pradesh is above 20 per cent continuously and it has increased purchasing capacity of the people. Improvement in agriculture economic system and increase in purchasing capacity of people has affected positively in the states economic condition. Madhya Pradesh is now in a position to play an important role in the economy of the country. Jaitley said that increase in agriculture growth rate is registered high where there was stable leadership. He further said that Madhya Pradesh has infrastructure and it is becoming educational hub. There is clarity in the leadership. State has big consumer base and there is still best to come from Madhya Pradesh.

Union Minister Jaitley mentioned that the state government is focused on development of urban infrastructure, skill development, education and health sectors. There is conducive atmosphere for investment in the country. Better atmosphere has surfaced after the political change at the center. Fall in crude oil prices at global level has also contributed positively in the economy of the country. More fund is available for infrastructure and rural economy due to saving in economic resources. Agriculture production will increase in the country because of good monsoon. Inflation will come down. Recession has affected many countries. This opportunity has come as a challenge to the country. Madhya Pradesh has emerged as a state where leadership has successfully realized its hope. Congratulating Chief Minister Chouhan, Jaitley said that his strong will power and clear road map has made Madhya Pradesh achieved great heights.

Chouhan said that the motto of Global investors summit is not only business summit. GIS has 4 Gs. Goodwill means Trust, Growth means Assimilation of Development, Guarantee and Good Governance. He said that 175 units have started its operation in the field of food processing in the last two years. In renewable energy sector, 92 units have started functioning. Industrial units worth Rs 2.75 lakh crore have been established during the last two years in the state. Highlighting features of Madhya Pradesh, CM Chouhan said that Madhya Pradesh has become utmost industrial friendly state. Investment policies have been made for each sector and machinery has been established to effectively eradicate the problems. He further mentioned that a land bank holding 1.25 lakh hectare land has been established in the state for industry.