Delhi-Mumbai corridor will be game changer for MP: CII president

The huge land bank and surplus power that Madhya Pradesh has are its biggest plus points and it is moving up the ladder in gaining visibility as an investment destination, feels CII India president Ajay S Shriram.

The huge land bank and surplus power that Madhya Pradesh has are its biggest plus points and it is moving up the ladder in gaining visibility as an investment destination, feels CII India president Ajay S Shriram.

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But, the game changer would be the Delhi-Mumbai Industrial Corridor (DMIC) which is passing though the state, he added. Shriram was talking to HT on the sidelines of the Global Investors' Summit on Thursday.

During the inauguration of the summit on Wednesday, chief minister Shivraj Singh Chouhan had said that Madhya Pradesh has a land bank of 26,000 hectares set aside for industry and on the power front it is exporting power to other states.

But attracting investment is not an easy game. "There is a sense of competition between states and each is trying to become a better investment destination," he said.

Asked where MP stood in terms investment destination, Shriram said according to a study conducted by CII around a year and a half back along with Madhya Pradesh, Maharashtra, Tamil Nadu, Gujarat, Bihar and Kerala were some of the fastest growing in the country and therefore they were attracting investments.

He said the state's location in the centre of the country made it ideal as a manufacturing hub for any company. Listing positives about the state, Shriram said the government was proactive and they were genuinely interested in getting feedback from the industry.