Ahead of the Global Investment Summit at Indore, Shivraj Singh Government has announced setting up of a Venture Capital Fund of an initial sum of Rs 100 crore for MSMEs. “We have decided to implement the recommendations of setting up of MSME fund and generation of funds from market with immediate effect,” said Madhya Pradesh Chief Minister Shivraj Singh Chauhan. The Fund will be utilized for setting up new industries in the MSME sector.
Credit rating of Madhya Pradesh has been upgraded to ‘A’ from ‘B’. Now, Madhya Pradesh has become a front rank state in India with Gujarat, Maharashtra, Andhra Pradesh and Karnataka as far as investment ratings are concerned.
MP Government has organized a high-pitch Global Investment summit from October 8-10 in Indore. Prime Minister Narendra Modi is likely to inaugurate the summit. Many big companies like ITC have already announced their plans to invest big in the state.