Madhya Pradesh Global Investors Summit: Bengaluru Session Attracts Over 500 Industry Leaders

The Government of Madhya Pradesh organized the third ‘Interactive Session on Investment Opportunities in Madhya Pradesh’ at the Four Seasons Hotel, Bengaluru on 8th August 2024. The event served as a strategic platform to promote the upcoming ‘Invest Madhya Pradesh – Global Investors Summit 2025’ and attract investors to set up industries in the state. The session provided a unique opportunity to showcase the investment potential of Madhya Pradesh to key stakeholders and investors from various sectors.

The event witnessed an impressive turnout of over 500 eminent industrialists and representatives from over 10 industry associations including NASSCOM, IESA, TIE, CIMI, KASSIA, FIEO, AEPC, FKCCI and Global Capability Centers (GCC). The session focused on sectors like IT, ITeS & ESDM, Space Tech and Pharmaceuticals, attracting significant attention from domestic and international investors.

The programme began on 7th August with the Prime Minister’s visit to Hindustan Aeronautics Limited, providing a deeper understanding of the manufacturing processes involved in aerospace and defence production. This was followed by an insightful roundtable discussion on the space technology sector, where participants explored the current space technology landscape in India, potential collaborations and the role of the state in the emerging space economy.

Another important panel discussion at NASSCOM brought together industry leaders from Cognizant, Infosys and TCS who highlighted Madhya Pradesh’s potential for the digital economy and the benefits of expanding IT infrastructure and employment opportunities.

The main event on August 8, chaired by Chief Minister Mohan Yadav, saw a series of significant interactions, presentations and cooperation agreements aimed at strengthening the state’s industrial ties with key players in the region. Notable industrialists including Mohandas Pai, Padma Shree awardee and co-founder of Aarin Capital Partners, Siddharth Sethi, Managing Director of InfoBeans, and Shiv Venkatramani, COO of Lapp India, shared the dais with the Prime Minister.

The event saw over 40 one-on-one meetings between industry leaders and the Prime Minister, which facilitated in-depth discussions and potential collaborations. These meetings, with prominent companies like Nvidia, Google Cloud, Infosys, Aarin Capital Partners, Tech Mahindra, HP, AGI Glaspac, Kaynes, Kirloskar, Bosch, Lapp India, Groww, Goldman Sachs and Thiagarajar Mills, provided investors with valuable insights into Madhya Pradesh’s business environment and the state’s commitment to supporting new ventures through strong policy initiatives and infrastructure development.

The inaugural session featured Siddharth Sethi of InfoBeans Ltd., who delivered the opening address, praising the Madhya Pradesh government’s favourable policies, single window settlement and exceptional infrastructure. “Madhya Pradesh’s infrastructure is truly No. 1,” he said.

Raghwendra Kumar Singh, Principal Secretary, Department of Industrial Policy and Investment Promotion, highlighted the attractive policies of the state, emphasising investment incentives for manufacturing and green industrialisation. Sanjay Dubey, Principal Secretary, Department of Science and Technology, outlined the opportunities in IT, ITeS and ESDM sectors, noting the state’s commitment to supporting startups and creating an enabling environment for the technology industry.

The event also saw presentations by Navneet Mohan Kothari, Secretary, MSME Department, who highlighted the thriving MSME sector in the state and the support the state provides to small and medium enterprises. Bidisha Mukherjee, Additional Managing Director, Madhya Pradesh Tourism Board, highlighted the tourism potential of the state in terms of religious, nature, adventure and film tourism.

The highlight of the event was the signing of four MoUs between Madhya Pradesh State Electronics Development Corporation Ltd. and key industry associations including IESA, TIE, ECLINA and AGI. These MoUs are aimed at strengthening cooperation and attracting investments in the growing IT, ITeS and ESDM sectors in the state.

In his speech, Chief Minister Mohan Yadav outlined the government’s vision to promote investment, innovation and sustainable development in Madhya Pradesh. He emphasised the state’s commitment to progress with the nation under the visionary leadership of Prime Minister Narendra Modi.

The event concluded with a vote of thanks by Chandramauli Shukla, Managing Director, MPIDC, who expressed gratitude to all the participants and emphasized the importance of collaboration in driving economic growth. He announced that the MPIDC team will continue to engage with the industry by planning more such sessions in different cities until the Global Investors Summit 2025.

The Bengaluru session facilitated dialogue with over 100 key stakeholders through various networking sessions and roundtable discussions on IT, ITeS and ESDM sector, apparel sector, space technology sector and GCC. The event attracted investments totaling ₹3200 crores across sectors, reinforcing Madhya Pradesh’s commitment to creating a business-friendly environment that supports innovation and economic growth.

The Department of Industrial Policy and Investment Promotion, Government of Madhya Pradesh, wishes to support the development of the State through these interactive sessions both in India and abroad, as a pathway towards the Global Investor Summit 2025, which aims to transform Madhya Pradesh into a $550 billion economy.