The North News
Madya Pradesh, February 24
Prime Minister Narendra Modi on Monday declared that the world is optimistic about India, saying the country is at a historic moment of opportunity. Speaking at the Global Investors Summit 2025 in Bhopal, the Prime Minister said that businesses, policy experts, and global institutions all see India as a key player in the global economy. Modi cited recent endorsements from international bodies, including the World Bank’s prediction that India will remain the fastest-growing economy and an OECD representative’s remark that “the future of the world is in India.” He also highlighted a United Nations climate body’s designation of India as a solar power superpower, noting that “while many countries talk, India delivers results.”
The Prime Minister said India is emerging as a key hub in the global aerospace supply chain, reinforcing confidence among investors. Modi praised Madhya Pradesh’s economic transformation, saying the state, once hindered by infrastructure and law enforcement challenges, had now become a top investment destination. He pointed to improvements in roads, electric vehicle adoption, and industrial expansion, citing a 90% increase in EV registrations and major infrastructure projects like the Delhi-Mumbai Expressway. He said that Madhya Pradesh, which is already a leader in agriculture and mineral production, could soon become one of India’s top five states by GDP. Investments in the state’s industrial corridors, including those in Pithampur, Ratlam, and Dewas, are set to boost economic growth further.
The Prime Minister highlighted India’s infrastructure boom, with Madhya Pradesh seeing significant improvements in rail, road, and air connectivity. He noted that 80 railway stations were undergoing modernization and that the state’s road network had expanded to more than 500,000km. On energy, Modi said India had seen record investment in renewables, with $70bn pumped into the sector over the past decade. Madhya Pradesh has benefited from this, with clean energy now accounting for 30% of its 31,000MW power capacity. He pointed to projects like the Rewa Solar Park and Omkareshwar floating solar plant as examples of the state’s growing green energy footprint.
Prime Minister Modi said his government was working to create an investor-friendly regulatory environment, pointing to efforts to cut red tape, eliminate obsolete laws, and streamline business operations. He said over 40,000 compliance requirements had been reduced in recent years. Discussing the latest budget, Modi highlighted tax reforms that would benefit the middle class and fuel demand in manufacturing and services. He also pointed to government initiatives to develop local supply chains and strengthen the micro, small, and medium enterprise (MSME) sector.
Prime Minister Modi said tourism, textiles, and technology would drive India’s next phase of economic growth. He noted that Madhya Pradesh, known as the “cotton capital of India,” plays a crucial role in organic cotton and silk production. The government’s Production-Linked Incentive (PLI) scheme aims to boost the sector further. He also highlighted India’s push for medical and wellness tourism, with special AYUSH visas being introduced to promote traditional healthcare systems. Investment in tourism infrastructure around the Narmada River and Madhya Pradesh’s tribal areas would further boost the sector, he said.
Reiterating a message from his Independence Day address, Modi said: “Now is the right time for investment.” He urged investors to take advantage of India’s rapid economic growth, saying his government was working at “three times the speed” in its third term. The event was attended by Madhya Pradesh governor Mangubhai Patel, chief minister Mohan Yadav, and other dignitaries.
