HM Amit Shah declares MP future hub for MSMEs, notes India's Forex reserves hitting $700 Bn mark

HM Amit Shah declares MP future hub for MSMEs, notes India's Forex reserves hitting $700 Bn mark

Gwalior: Union Home and Cooperation Minister Amit Shah asserted that Madhya Pradesh is poised to emerge as a major hub for small, medium, and cottage industries, thanks to its low operational costs and proactive policies.

He cited record registrations of over 457,000 MSME units in a single year, positioning Madhya Pradesh as an MSME leader in India.

Addressing industrialists at the “Abhyudaya Madhya Pradesh Growth Summit,” where he laid foundation stones for 1,655 industrial units involving investments over Rs 2 lakh crore and projected to create nearly 193,000 jobs, HM Shah highlighted the state's transformation under the BJP's double-engine government.

HM Shah praised Chief Minister Mohan Yadav's innovative regional industrial conclaves, a balanced approach pioneered beyond the structured initiatives started by Prime Minister Narendra Modi.

Read More Dense Fog Forces Cancellation of India–South Africa T20 Match in Lucknow

He noted that this model of equitable development across divisions would benefit local communities immensely and serve as an example for other states.

Read More India reaffirms further healthcare support to Kabul during Afghan minister's visit

Once labelled "Bimaru" under previous Congress regimes like Digvijay Singh's, Madhya Pradesh shed that tag during Shivraj Singh Chouhan's tenure and is now accelerating toward developed status, HM Shah said.

Read More Indian Student Killed in Russia-Ukraine War After Alleged Forced Military Recruitment

The Home Minister pointed to Madhya Pradesh's advantages, including the lowest input costs for metro operations and a shift from power deficit to surplus.

He emphasised symmetrical industrial growth to capitalise on the state's geography, reviving traditional sectors like cotton in Malwa and Gwalior-Chambal regions through local processing units.

On national achievements, HM Shah announced that India's foreign exchange reserves have surpassed 700 billion US dollars, reflecting economic strength. The country now manufactures and exports semiconductors, produces 60 per cent of global vaccines, and ranks second in mobile phone production.

Digital prowess was evident with 99 crore broadband users, nearly all on 4G and transitioning to 5G, alongside India handling half the world's digital transactions.

In August alone, transactions worth Rs 25 lakh crore numbered 2,000 crore. Infrastructure leaps included “Ease of Doing Business” ranking improving from 142 to 63, highways expanding from 90,000 km to 1.5 lakh km, airports growing from 74 to 163, railway electrification from 22,000 km to 68,000 km, and metro cities from five to 23.

Over 214,000 panchayats now have optical fibre connectivity, while the number of Vande Bharat trains has increased from zero to 164, with manufacturing soon set to start in Madhya Pradesh.

HM Shah also lauded the state's agricultural excellence, having won the Krishi Karman Award seven consecutive times, and the upcoming multi-modal logistics park, which is expected to attract more investments.

The summit, themed "Nivesh Se Rozgar -- Atal Sankalp, Ujjawal Madhya Pradesh (Investment to Employment – Atal's Resolve, a Bright Madhya Pradesh) paid tribute to former Prime Minister Atal Bihari Vajpayee on his birth anniversary, reinforcing commitments to self-reliance and inclusive growth.

Tags:

About The Author

Aryan Age Picture

Welcome to Aryan Age, an English newspaper that has been serving readers since 2011 from Delhi. With a loyal circulation of over 19,000, we are dedicated to providing our readers with the latest news and information, as well as insightful analysis and commentary that help them navigate the complex and rapidly changing world.

Post Comment

Comment List

Latest News

Janhvi Kapoor raises voice against barbaric killing of Dipu Chandra Das in Bangladesh Janhvi Kapoor raises voice against barbaric killing of Dipu Chandra Das in Bangladesh
Bollywood actress Janhvi Kapoor has condemned the barbaric lynching of Dipu Chandra Das in Bangladesh. The actress has called the...
Mariah Carey receives payout, ‘All I Want For Christmas’ lawsuit gets dismissed
WPL 2026: Ex-India player Anagha Deshpande joins Delhi Capitals as assistant coach

Live Cricket Score

Advertisement

Science & Tech

Xiaomi 17 Ultra Set to Redefine Mobile Photography With Leica Cameras and Physical Zoom Ring Xiaomi 17 Ultra Set to Redefine Mobile Photography With Leica Cameras and Physical Zoom Ring
Xiaomi is set to launch the Xiaomi 17 Ultra in China on December 25, featuring a Leica-tuned triple camera system,...
IIT Delhi develops AI lab assistant that autonomously runs scientific experiments

Health

Coffee-Based Home Remedies Gain Ground as Dermatologists Highlight Natural Skincare Benefits Coffee-Based Home Remedies Gain Ground as Dermatologists Highlight Natural Skincare Benefits
A growing number of dermatologists are endorsing coffee-based home remedies as natural, affordable alternatives to commercial skincare. From face scrubs...
Moringa’s Rise as a Global Superfood Gains Momentum Amid New Research

Lifestyle

Cost of home-cooked veg, non-veg thalis falls 13 pc in November due to ease in input prices Cost of home-cooked veg, non-veg thalis falls 13 pc in November due to ease in input prices
The cost of preparing both vegetarian and non‑vegetarian thalis at home fell 13 per cent year‑on‑year in November, driven mainly...
10 budget honeymoon destinations for the newlyweds in India
crossorigin="anonymous">