Maharashtra gears up to host its first global investment summit
Mumbai, January 06, 2018: In a bid to facilitate investments into the state, the Government of Maharashtra in its first big economic push of the year today announced the state’s first-ever Global Investment Summit – “Magnetic Maharashtra: Convergence 2018”. The summit that aims to promote indigenous manufacturing and to provide impetus to the Hon’ble Prime Minister’s flagship program ‘Make in India’ will be held from February 18 to February 20 at the MMRDA grounds, Bandra Kurla Complex in Mumbai.
At the curtain raiser press conference today, Hon’ble Chief Minister Shri Devendra Fadnavis unveiled the tagline #MadeForBusiness which lends into the campaign of Magnetic Maharashtra to showcase the magnitude of the state’s current contribution and its readiness to provide future industrial growth. The maiden three-day global investment summit has been conceptualized on four main pillars of ‘Employment’, ‘Sustainability’, ‘Infrastructure’ and ‘Future Industries’.
Outlining his vision for Magnetic Maharashtra: Convergence 2018, Hon’ble Chief Minister Shri Devendra Fadnavis, said “With our maiden global investment summit, we aim to strengthen Maharashtra’s position as the gateway for all industrial investments in India where the best minds, industries and government machineries converge to co-create.”
He further added, “We are focussing on building a ‘future-ready’ state that features consistently in the top destinations in the world for industrial innovation and smart manufacturing.”
The session also witnessed the unveiling of smartphone application ‘Magnetic Maharashtra: Convergence 2018’ and a micro-site www.midcindia.org/convergence2018/registration which will provide details of the summit and facilitate participants with the ease of registration. To support the new age entrepreneurs in the state the summit will host competition ‘Magnetic Maharashtra Start-Up’s under 30’. Judged by eminent jury, top three start-ups will be felicitated with exciting cash prize of Rs. 50 lakhs for the winner, Rs. 30 lakhs and 20 lakhs for the first and second runners’ up.
Inaugurated by the Hon’ble Prime Minister of India Shri Narendra Modi, Magnetic Maharashtra: Convergence 2018 intends to bring together heads of States and Governments, leaders from political and corporate world, policymakers and academicians under one roof. The three-day summit will include interactive seminars, panel discussions, CEO roundtables, and B2B and B2G meetings.
Speaking on the occasion, Hon’ble Industries Minister of Maharashtra Shri. Subhash Desai, said “Today, Maharashtra contributes 15% to National GDP and is estimated to grow at 9.4% in the current fiscal. Manufacturing, which is the driving force of Make in India contributes 21.43% to the state’s Gross State Domestic Product (GSDP). We have attracted 45.24% of the total Foreign Direct Investment (FDI) received by the country in the first-half of the fiscal. Maharashtra worldwide is recognised as the finance and entertainment capital of India. With Magnetic Maharashtra, we are truly on the path of making Maharashtra also the trade and manufacturing capital of India.”
The Summit that will showcase Maharashtra’s diversity and resources through visually captivating exhibition is being conceptualised and organised by Maharashtra Industrial Development Corporation (MIDC). Confederation of Indian Industry (CII) is the national partner and KPMG is the knowledge partner to the summit.