Maharashtra invites investment in the State: CII Partnership Summit 2019

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The CII Partnership Summit is the annual flagship event of Confederation of Indian Industry (CII) and is organized in association with the Ministry of Commerce and Industry, Government of India and the Government of Maharashtra and in Mumbai on 12-13 January, 2019.

According to Subhash Desai, Hon’ble Minister of Industries & Mining from the Government of Maharashtra, “The CII Partnership Summit happening in the gateway of India is proof of the fact of a New India in the field of investment and industrial growth. Maharashtra alone contributes 15% of GDP of India.” Mr Desai was addressing a Session’s on “Maharashtra: The Gateway to New India”.

Mr. Desai also discussed job creation and policies in sectors like artificial intelligence, aerospace, export, etc. He said, “There are business houses in India and from around the world having their base in Maharashtra. I urge other industrialists to join and open their business units in Maharashtra. We welcome you all to our state. Consider it as your future state.”

Following this, a panel moderated by Sanjiv Bajaj, Deputy Chairman of CII (WR) and CII National Committee on Insurance and Pensions and Managing Director of Bajaj Finserv Limited comprising panelists Satish Gavai, Additional Chief Secretary- Industries of the Government of Maharashtra, P Anbalagan, Chief Executive Officer of Maharashtra Industrial Development Corporation (MIDC), Piruz Khambatta, Chairman of CII (WR) and Rasna Private Limited, Deepak Garg, Chief Executive Officer of the Sany Group, and B Thiagarajan, Co-Chairman of CII Agriculture Council and Joint Managing Director of Blue Star Limited, discussed the theme.

Specifically, the speakers discussed how Maharashtra could be better prepared as an investment destination for domestic and international investors, how the service sectors and mobile and technological markets can be leveraged for optimum growth and progress, and how the farm sector can benefit from investments.

Mr. Anbalagan remarked, “Business reforms have been made to provide electricity and other resources required by the businesses. Quick online approvals have been initiated to effect the scheme of ease of doing business.”

Mr. Khambatta also added, “If risk in business is to be avoided, Maharashtra is the best place for investment. This is the state for manufacturing.”