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GST to make MP hub for logistics, says FM

By TIOL News Service

NEW DELHI, OCT 24, 2016: THE Union Finance Minister, Mr Arun Jaitley, has said that with the introduction of the GST regime, MP, the heart of India, will transform into a supply hub for all the four corners of the country.

Mr Jaitley said the state government’s focused efforts in the area of water, power and empowering the weaker sections of the society have contributed to its development. He said that the turning point for the state was the exceptional growth of near 20% that it posted in its agriculture sector for a couple of years, which increased rural purchasing power and prosperity.

The fifth edition of the biennial Global Investor Summit was organised by the State Government with CII as its National Partner. The 2-day summit witnessed enthusiastic participation not only from top industry leaders but also domestic and international investors. In addition to investors from India, the summit saw participation from over 42 countries.

Mr Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, welcomed investors to Madhya Pradesh and said that the state which believes in the adage “Vasudeva Kutumbakam”, which means that entire world is one family. He said that GIS stood for "Growth with Investment & Sustainability” and that the state of MP considers investor as their friend and partner in growth. The Chief Minister spoke about the huge strides made by the state in the area of power, water and infrastructure and urged investors to invest in Madhya Pradesh.


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