Bhopal:  Shivraj Singh Chouhan, the chief minister of Madhya Pradesh, has said that the state's government is prepared with a roadmap to achieve a 550 billion dollar economy by 2026.

On Thursday in Mumbai, the chief minister made the statement while speaking at a seminar on investment opportunities in Madhya Pradesh.

A roadshow in Mumbai was organised by the state government, MP Industrial Development Corporation, and CII to entice investors to the Investors Summit, which would take place in Indore on January 11 and 12.

CM Chouhan said: "Madhya Pradesh is the perfect spot for industries to come and establish a foundation because it has all the necessary infrastructure and regulations in place. Businesses will prosper in the state thanks to the availability of skilled and semi-skilled labour, a steady supply of electricity, a land supply, and well-built road connectivity."

"Also, the state has become a potential centre for pharmaceutical businesses. The state has already authorised 15 corporations to establish a bulk medication unit, and approvals for  more than 15 companies are in the pipeline."
The state has created a global skills park with the assistance of the Singaporean government, which will provide future workers with the skills needed for such firms, he said.

"The state government has spent Rs 15 billion so far on creating infrastructure conducive to development," said state principal secretary Sanjay Kumar Shukla.

The state offers the ideal investment ecosystem across several sectors, according to Rajvardhan Singh Dattigaon, minister of industrial policy and investment promotion.

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