MIDC invites applications for stalls and awards

ST Correspondent
Friday, 12 January 2018

”The summit will help various industries including automobiles / auto components, Defence, Food Processing, IT/ITes, Electronics, Heavy Engineering, Pharmaceuticals and others to gain global visibility, showcase their expertise and explore different business opportunities." said Sanjeev Deshmukh.

PUNE: Officials of the Maharashtra Industrial development corporation (MIDC) has invited applications for the upcoming Global Investment Summit “Magnetic Maharashtra: Convergence 2018,” which will be held from February 18 to 20 at the MMRDA Grounds, Bandra Kurla Complex, in Mumbai. 

Pune Regional Officer Sanjeev Deshmukh, at a press conference at MIDC office in Jog Centre on Thursday said three-day global investment summit has been conceptualised on four main pillars of ‘Employment’, ‘Sustainability’, ‘Infrastructure’ and ‘Future Industries’.”The summit will help various industries including automobiles / auto components, Defence, Food Processing, IT/ITes, Electronics, Heavy Engineering, Pharmaceuticals and others to gain global visibility, showcase their expertise and explore different business opportunities. The event will be inaugurated by Prime Minister Narendra Modi,” added Deshmukh.

The summit has invited applications for start-up awards. The start-up awards will be an unique platform to scout and promote state-level start-ups. “This activity will not only give recognition to the young entrepreneurs but also help to accelerate the economic activity in- the State. Each start-up will be given seven minutes to present their ideas and top three winners will be awarded a prize of Rs 50 lakh, Rs 30 lakh and Rs 20 lakh respectively,” added Deshmukh.

A press release issued by MIDC stated that Maharashtra contributes 15% to National GDP and is estimated to grow at 9.4% in the current fiscal. Manufacturing, which is the driving force of Make in India contributes 21.43% to the state’s Gross State Domestic Product (GSDP). The state has attracted 45.24% of the total Foreign Direct Investment (FDI) received by the country in the first-half of the fiscal.

APPLY BY JAN 31
- Last date of submission of application for start-up awards: January 31, 2018.
- URL :  http://startupawards.mycii.in/Login.html
- Application cost: Free

FOR STALL BOOKING
- Stall booking opens from January 12, 2018.
- Stalls will be awarded on first-come first-serve basis.
- Cost for small companies: Rs 5,000 per sq metre.
- Cost for large companies: Rs 10,000 per sq metre

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