Madhya Pradesh Lures Tamil Nadu Investors with New Incentives

Chief Minister Dr. Mohan Yadav has extended an olive branch to Tamil Nadu's industrial giants, inviting them to invest in the heartland state.

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Jul 26, 2024 - 02:58
Madhya Pradesh Lures Tamil Nadu Investors with New Incentives

Bhopal: Chief Minister Dr. Mohan Yadav has extended an olive branch to Tamil Nadu's industrial giants, inviting them to invest in the heartland state. During a high-profile interactive session, "Invest MP," in Coimbatore, the CM unveiled a slew of incentives aimed at making Madhya Pradesh a preferred investment destination.

To bridge the gap between the two states and facilitate seamless business operations, the Madhya Pradesh government has decided to establish an industry office in Coimbatore. This strategic move is expected to bolster trade and commerce between the two regions.

The CM emphasized the state's potential in textiles, automobiles, and engineering sectors, highlighting the abundant opportunities for investors. Madhya Pradesh's investor-friendly policies, coupled with its strategic location and robust infrastructure, make it an attractive proposition for businesses looking to expand their footprint.

To further incentivize investments, the state government has announced plans to celebrate 2025 as the 'Industry Year'. This dedicated year will focus on creating an even more conducive environment for businesses to thrive.

Yadav also extended a formal invitation to Tamil Nadu industrialists to participate in the Global Investors Summit scheduled for February 7-8, 2025, in Bhopal. He expressed confidence that Tamil Nadu's participation will be instrumental in realizing the vision of a developed Madhya Pradesh and a prosperous India.

In a bid to strengthen the textile sector, the state government has signed MoUs with the Tirupur Exporters Association and South India Mills Association. These collaborations aim to enhance skill development, establish textile clusters, and boost cotton cultivation in Madhya Pradesh.

The interactive session witnessed overwhelming response with over 1200 delegates in attendance and investment proposals worth more than Rs. 3500 crores.

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