Maha gears up to host 1st global investment summit

Sakal Times
Sunday, 7 January 2018

The summit will aim at promoting indigenous manufacturing and is considered as an impetus to Prime Minister Narendra Modi’s flagship programme ‘Make in India’. It will be held from February 18 to 20 at the MMRDA grounds, Bandra Kurla Complex in Mumbai

Mumbai: In its first big economic push of the year, the Government of Maharashtra  has announced the State’s first global investment summit, ‘Magnetic Maharashtra: Convergence 2018’.

The summit will aim at promoting indigenous manufacturing and is considered as an impetus to Prime Minister Narendra Modi’s flagship programme ‘Make in India’. It will be held from February 18 to 20 at the MMRDA grounds, Bandra Kurla Complex in Mumbai.

Chief Minister Devendra Fadnavis on Saturday unveiled the tagline #MadeForBusiness which will showcase the magnitude of the State’s current contribution and its readiness to provide future industrial growth. The maiden three-day global investment summit has been conceptualised on four main pillars of ‘Employment’, ‘Sustainability’, ‘Infrastructure’ and ‘Future Industries’.

Outlining his vision, CM Fadnavis, said, “We aim to strengthen Maharashtra’s position as the gateway for all industrial investments in India where the best minds, industries and government machineries converge to co-create.”

He added, “We are focusing on building a ‘future-ready’ state that features consistently in the top destinations in the world for industrial innovation and smart manufacturing.”

The session also witnessed the unveiling of smartphone application ‘Magnetic Maharashtra: Convergence 2018’ and a micro-site www.midcindia.org/convergence2018/registration which will provide details of the summit and facilitate participants with the ease of registration. To support the new age entrepreneurs in the state the summit will host competition ‘Magnetic Maharashtra Start-Up’s under 30’. Judged by eminent jury, top three start-ups will be felicitated with exciting cash prize of Rs 50 lakh for the winner, Rs 30 lakh and Rs 20 lakh for the first and second runners-up.

On the occasion, Industries Minister Subhash Desai said, “Maharashtra contributes 15 per cent to National GDP and is estimated to grow at 9.4 per cent in the current fiscal. Manufacturing, which is the driving force of Make in India contributes 21.43 per cent to the state’s Gross State Domestic Product (GSDP).

“We have attracted 45.2 per cent of the total Foreign Direct Investment (FDI) received by the country in the first-half of the fiscal. Maharashtra worldwide is recognised as the finance and entertainment capital of India. With Magnetic Maharashtra, we are truly on the path of making Maharashtra also the trade and manufacturing capital of India.”

 

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