Finance & Economy | News & Insights

Madhya Pradesh Lures Tamil Nadu Investors

Published: August 5, 2024
Author: TEXTILE VALUE CHAIN

Coimbatore: Madhya Pradesh is emerging as a preferred destination for Tamil Nadu investors, particularly large-scale industrialists, Chief Minister Mohan Yadav announced on Thursday.

During an interactive session on investment opportunities in the state, Yadav revealed a growing interest from Tamil Nadu’s business community to set up ventures in Madhya Pradesh. The state government has taken significant steps to facilitate this, including signing a Memorandum of Understanding with the Tiruppur Export Association to bolster skill development.

A state-of-the-art skill development centre will be established in Jabalpur to cater to the growing manpower needs of the state’s industries. Moreover, Yadav expressed pride in Madhya Pradesh being selected for the PM Mitra Integrated Mega Textile Park, mirroring Tamil Nadu’s success in the sector.

After visiting the Best Corporation Pvt Ltd knitwear factory in Tiruppur, the Chief Minister expressed satisfaction with the positive response from investors. To further strengthen ties, Madhya Pradesh will be opening a dedicated office in Tamil Nadu to serve as a bridge between the two states.

Emphasising the importance of inter-state cooperation, Yadav likened the current scenario to the British era when trade was a precursor to colonial rule. He called for closer collaboration among Indian states to accelerate the nation’s progress under Prime Minister Narendra Modi’s leadership.

Related Posts