Prime Minister urged investors to take advantage of PLI scheme
More than US$70 billion (over Rs.5 trillion) has been invested in the Indian renewable energy sector in the past decade and the country has achieved remarkable progress in green energy, said Prime Minister Narendra Modi at a global investor summit on 24 Feb http://pmindia.gov.in.
Inaugurating the Global Investors Summit (GIS) 2025 in Bhopal, the Prime Minister also highlighted the recent budget, which has energized every catalyst for India’s growth, pointing out that the middle class creates demand for services and manufacturing https://investmp.in/.
Pointing out that the budget emphasizes building local supply chains to achieve complete self-reliance in manufacturing, PM Modi said the current priority is to build MSME-led local supply chains as the definition of MSMEs has been improved, and credit-linked incentives are being provided, while access to credit supporting value addition and exports https://fieo.org/.
He highlighted the ongoing efforts to open new sectors for private entrepreneurship and investment. “This year, avenues such as nuclear energy, bio-manufacturing, critical minerals processing, and lithium battery manufacturing have been opened for investment,” he said, adding, “these steps demonstrate the Government’s intent and commitment.”
The Prime Minister underscored, “Textile, Tourism, and Technology sectors will play a significant role in India’s developed future and create crores of new jobs https://www.makeinindia.com/home/.”
Talking about India exploring new avenues in addition to traditional textiles, the Prime Minister informed that technical textiles such as agro textiles, medical textiles, and geotextiles are being promoted.
PM Modi noted that the Government’s PM MITRA scheme is well-known, and seven large textile parks were being developed across the country, including one in Madhya Pradesh. This initiative will elevate the growth of the textile sector to new heights.
The Prime Minister urged investors to take advantage of the PLI scheme announced for the textile sector https://sbi.com.in/.
“The whole world is optimistic about India,” exclaimed PM Modi, underscoring that be it common citizens or policy experts or institutions or countries of the world, everyone had a lot of expectations from India.
Touching upon the air connectivity, PM Modi highlighted that the terminals at Gwalior and Jabalpur airports have been expanded to improve air connectivity. Modernization of Madhya Pradesh’s extensive rail network is also underway. The Rani Kamalapati Railway Station continue to captivate everyone, and is a model for 80 railway stations in the state are being modernized under the Amrit Bharat Station Scheme.
He pointed out that the Government has invested around Rs.50,000 crore in the Bina Refinery Petrochemical Complex, which will help make Madhya Pradesh a hub for petrochemicals https://www.iea.org/.
He emphasized that the MP government supports this infrastructure with modern policies and special industrial infrastructure. Noting that MP has over 300 industrial zones, and investment zones spanning thousands of acres are being developed in Pithampur, Ratlam, and Dewas, he highlighted the immense potential for better returns for investors in Madhya Pradesh.
PM Modi listed the Rs.45,000 crore Ken-Betwa River Interlinking Project which will enhance the productivity of approximately 10 lakh hectares of agricultural land and strengthen water management in the state.
He stated that these facilities will unlock significant potential in the food processing, agro-industry, and textile sectors.
The two-day GIS 2025 in Bhopal serves as an important platform to establish Madhya Pradesh as a global investment hub. The GIS includes departmental summits; specialized sessions on Pharma and Medical Devices, Transport and Logistics, Industry, Skill Development, Tourism and MSMEs among others.
It also includes international sessions like the Global South countries conference, Latin America and Caribbean session and special sessions for key partner countries.
Three major industrial exhibitions are being held during the Summit. The Auto Show showcases Madhya Pradesh’s automotive capabilities and future mobility solutions. The Textile and Fashion Expo highlights the state’s expertise in both traditional and modern textile manufacturing. The “One District-One Product” (ODOP) Village showcases the state’s unique craftsmanship and cultural heritage.
Representatives from over 60 countries, officials from various international organizations, over 300 prominent Industry leaders from India and policymakers among others participated in the Summit. Fiinews.com
