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Push to agri processing will boost investment.
Mar 07, 2022

Indore: A push to agri processing, research and development ecosystem and upscaling Micro, Small and Medium Enterprises (MSME) will help Madhya Pradesh attract investments and industries in the state, said B Thiagarajan, chairman, Confederation of Indian Industry (CII) Western Region.
 
As Madhya Pradesh is preparing a new industrial and EV policy likely to be announced in April, Thiagarajan talking to TOI on the side lines of its MP annual session said, 'The conventional way of attracting investments by giving land won’t work much for MP. The state should boost agri processing and position itself as a research, development and innovation destination.'
 
A push to agri processing, research and development ecosystem and upscaling Micro, Small and Medium Enterprises (MSME) will help Madhya Pradesh attract investments and industries in the state, said B Thiagarajan, chairman, Confederation of Indian Industry (CII) Western Region.
 
As Madhya Pradesh is preparing a new industrial and EV policy likely to be announced in April, Thiagarajan talking to TOI on the side lines of its MP annual session said, 'The conventional way of attracting investments by giving land won’t work much for MP. The state should boost agri processing and position itself as a research, development and innovation destination.'
 
CII’s western region chairman stressed on the need to generate a talent pool in the state given the rapid pace of manufacturing across the country to fill the skill gap.
 
'There is going to be a talent shortage in quite a few areas like in manufacturing looking at the way it is expanding in India. Madhya Pradesh has a good quality of living and many good engineering and management colleges should work on creating talent,' said Thiagarajan.
 
Talking on the impact of the Ukraine war, CII’s western region chairman said the war will disrupt the supply chain hitting exports from India but may divert world orders to India and accelerate the pace of electric vehicles to reduce dependency on oil.
 
'Many export houses will not be able to export, business decisions will get delayed and containers may get stuck due to the war. But I am of the view that this will be temporary because it will end and may shift world demand to India as countries may reduce dependency on China and Russia,' said Thiagarajan.
 
He said like pandemic expedited health/medicine infrastructure and gave a push to digitalisation, the war will accelerate the pace of EV to reduce dependency on oil and shift to renewable sources of energy.
In the annual meeting of the western region, Animesh Jain and Shreyaskar Chaudhary were elected as the chairman and vice-chairman respectively for CII’s Madhya Pradesh State Council for the year 2022-23.
    
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