‘You will not forget experience...': CM seeks Spanish investments in state
Speaking at the 'Invest in MP Business Forum' in Madrid, Yadav said India and Spain were ancient civilisations bound by shared values, and now poised to grow together in development and trade.
"Our countries are like twin brothers. Now we shall advance together," he said. Besides, he highlighted Spain's strong identity not only in culture but also in technology.
Yadav said: "Madhya Pradesh is India's fastest-growing state and investing here is undoubtedly a profitable decision.
If you are considering investing in India, you must visit Madhya Pradesh once—you would not forget the experience".
The CM outlined the immense potential for investment in minerals, tourism, large-scale industries, pharmaceuticals, technology-driven sectors and more. He said, "Madhya Pradesh is witnessing the fastest growth in the Indian tourism sector. The state has abundant land, and with the use of new technologies, there is vast scope for development.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
25세 이상 최대 할인 가능
다이트한의원
지금 신청하기
Undo
centrally located, Madhya Pradesh is rapidly emerging as a leader in logistics".
The CM said, "Even if you set up an industry in any other Indian state, you will still need Madhya Pradesh", he said.
Yadav said Madhya Pradesh was well connected through roads, national highways, railways and airways to the rest of India and the world. The state is accelerating growth across all sectors and contributing significantly to the national economy.
He pointed out major opportunities in food processing, solar energy, wind energy, agri-based industries and textiles, assuring investors of world-class facilities in every sector.
The CM urged investors to partner with Madhya Pradesh without hesitation, emphasising the state's 18 advanced industrial policies. He assured that Madhya Pradesh would not fall short in delivering capital returns to investors. investors toward Madhya Pradesh, will prove to be a milestone in business and trade development".
Earlier in the day, Yadav held a courtesy meeting in Madrid with Emilio Contreras Benítez, deputy director general (south Asia) at the ministry of foreign affairs, European Union, and Cooperation of Spain.
During the meeting, both sides engaged in a detailed discussion on mutual cooperation between India and Spain, investment prospects, and strategic partnerships across various sectors. Chief Minister Yadav highlighted Madhya Pradesh's industrial strengths and investment-friendly environment, as well as opportunities available in sectors such as tourism, agriculture, pharmaceuticals, textiles, and food processing.
Principal secretary, tourism, Sheo Shekhar Shukla said, "Madhya Pradesh is a land of rich history and heritage, with 18 of India's 62 UNESCO World Heritage sites located in the state. The state is deeply rooted in culture and spirituality, home to two Jyotirlingas and the revered Narmada River, one of the world's oldest rivers. The serene locations along the river offer a unique spiritual and rejuvenating experience".
He added that Madhya Pradesh Tourism Policy 2025 provides exceptional opportunities for investors in hospitality, wellness tourism, adventure tourism and more.
Juan Ignacio Entrecanales, president of the Spain-India Council Foundation (FCEI), described Madhya Pradesh as a highly attractive investment destination. He stated that the forum presents a significant opportunity to deepen economic cooperation between India and Spain.
He said that he felt honored to be part of the council. Commending the leadership of chief minister Mohan Yadav, he highlighted the vast investment potential in sectors such as renewable energy, automobiles, textiles, food processing, infrastructure and healthcare.
Sudam Khade, secretary, public relations, said, "It is a matter of pride to represent Madhya Pradesh—the heart of Incredible India". He referred to the state's remarkable progress in trade, tourism, culture, and sports under the leadership of CM Yadav. He expressed confidence that this visit will give a new direction to India-Spain relations and strengthen long-term partnerships.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
20 minutes ago
- Time of India
Rare earth shortage hits electronic component companies
Academy Empower your mind, elevate your skills Uncertainty over rare earth mineral supply has led some applicants under the Electronics Component Manufacturing Scheme ECMS ) to warn the government that they may miss incentive-linked targets for the first year, if shortages persist for another six applications under the scheme have surged past 110 now, at least 10 firms have sounded out worries at a time when the industry is keen on expanding its production and export footprint, officials at the Ministry of Electronics and Information Technology (MeitY), and industry executives told certain components, some firms plan to import, rather than make them locally, a person aware of the development said."Companies have expressed concern, but within the sector, it isn't an alarming outcry. If there is a component that uses rare earth, instead of importing that rare earth and making that component in India, they will simply import that component," the person said."There are other options like alternate sources of supply, or alternate technologies that don't use rare earths." The timing of the mineral scarcity due to curbs placed by China has been a challenge."The ECMS has been unveiled at a time when many entities want to scale up and take advantage of exports," said Ashok Chandak, president of the India Electronics and Semiconductor Association (IESA)."Beyond the traditional industry base, many Indian companies are diversifying into component manufacturing. But the industry has been particularly impacted by the supply shocks in rare earth magnets," he ₹22,919 crore scheme aims to create a strong domestic manufacturing ecosystem for a range of components that are fundamental building blocks in nearly all modern electronic devices. These include bare components such as Multi-layer Printed Circuit Board (PCB) and Li-ion cells for digital applications, passive components like resistors, capacitors, and inductors, as well as display and camera module was opened for applications in May, a month after China imposed strict export controls and licensing requirements for rare earths, of which it controls over 90% of the global processing capacity and the largest said PCBs have found key interest from applicants. "The scheme has seen strong interest from the PCB industry since this is the first time we have gotten some mileage. It addresses not only multi-layer, but also high-density interconnect boards. But given what is going on right now (globally), it is very difficult to hit the targets. The government has promised all support," said KS Babu, secretary, Indian Printed Circuit Association (IPCA).He also highlighted that the scheme does not address the complete absence of local production of essential raw materials like copper clad laminates, which are currently imported entirely from China. "Chinese suppliers are now taking advantage by squeezing prices, citing problems with shipments," Babu to be implemented over six years from FY26 through FY32, the scheme has a one-year gestation period for FY26 in case of turnover-linked incentives."It's only natural that MSMEs who are arranging these large sums for investment want to receive it as soon as possible. Informally, the government has assured it will be lenient during final verification and claim approval once ECMS starts by making the process to claim incentives," said a top Delhi-based PCB Centre will be extending the application window for the scheme beyond the initial three-month period, which is set to end on 31 July, MeitY sources confirmed on Thursday. The decision was taken after industry bodies had asked for the same. "Many of the smaller companies who are interested, have to establish channels for sourcing materials, set up joint ventures, and secure technology," Babu insiders are also hopeful of a resolution in the coming months. "China also can't afford to continue an export ban for long, since their companies will begin bleeding and it will place a long term strain on their relations with many countries," Chandak stressed.
Hindustan Times
20 minutes ago
- Hindustan Times
On UP minister Dara Singh Chauhan's b'day, deputy CMs Maurya and Pathak root for 2017 replay in 2027
As Uttar Pradesh moves closer to assembly elections, deputy chief ministers Keshav Prasad Maurya and Brajesh Pathak on Friday appealed for ensuring a repeat of the Bharatiya Janata Party's 2017 performance in the 2027 Uttar Pradesh assembly elections. They made the appeal at the birthday celebrations of prison minister Dara Singh Chauhan. The BJP alone had won 312 seats in the 403-member assembly during the 2017 polls. Uttar Pradesh deputy CMs Keshav Prasad Maurya and Brajesh Pathak at UP minister Dara Singh Chauhan's birthday celebrations in Lucknow. (Deepak Gupta/HT Photo) Members of the Chauhan community were present at the venue, Indira Gandhi Pratishthan, in large numbers for the 'Sankalp Diwas' event. State BJP president Bhupendra Singh Chaudhary, deputy CMs Keshav Prasad Maurya and Brajesh Pathak arrived at the venue together. Members of the Nonia caste, an OBC category to which Dara Singh Chauhan belongs, came in large numbers from across the state. Pathak was first to address the gathering after Chauhan's welcome address and Chaudhary's non-political speech that was confined to extending birthday wishes to Dara Singh Chauhan. Pathak not only attacked Samajwadi Party but also exhorted the gathering to take a 'sankalp' (oath) to vote for the BJP in the forthcoming assembly polls in 2027. 'In the Samajwadi Party government, traders were most vulnerable. There was no power supply and goons ruled the roost,' Pathak said. He praised the Chauhan community and contributions made by them in the freedom struggle from 1857 to 1947. 'In 2027, you will vote against the Samajwadi Party. Take sankalp (oath). Ensure a repeat of 2017 in 2027,' Pathak exhorted the gathering. Pathak's appeal was greeted by a big round of applause from the gathering. Maurya, whose speech was centered around various schemes launched by PM Narendra Modi for the poor, also attacked the Samajwadi Party. 'You have to ensure a repeat of 2017 (assembly poll result) in 2027,' he said. 'PM Narendra Modi's decision of caste census has left the opposition speechless,' Maurya said. He also mentioned the Indian armed forces' success during Operation Sindoor.
Time of India
20 minutes ago
- Time of India
India signals thaw in China curbs to boost electronics ties
Indian electronics manufacturing would likely see some collaboration with Chinese companies, a top federal official said, signalling a thaw in hitherto enforced strict investment curbs in light of Beijing's dominant three-fifths share in the global electronics ecosystem. "We want to grow our manufacturing capacity. So, some sort of collaboration with China is something we can't avoid," said the official, who declined to be named. "Therefore, we have to be strategic about what we do, and how we do it. But, it has to be done."The official's comments follow the federal nod to a deal between home-grown Dixon Technologies and Chinese original design manufacturer, Longcheer Intelligence Pte. Earlier this month, the Niti Aayog had reportedly proposed that Chinese firms be allowed to acquire up to a 24% stake in Indian companies without requiring additional security clearances. In place since 2020, the Department for Promotion of Industry and Internal Trade's guidelines mandate foreign direct investment from neighboring countries need prior security clearance from both the Ministry of Home Affairs and the Ministry of External Affairs.
