Five Indian states – Rajasthan, Gujarat, Maharashtra, Andhra Pradesh and Jharkhand, which have achieved remarkable economic success over the past 16 years, presented their resources, as well as industrial and investment opportunities.
Thus, Gujarat has positioned itself as a leading region for the exploration and mining of minerals and petrochemicals – as well as a point of attraction for shopaholics and fans of different brands. Rajasthan made an emphasis on its mining and metallurgical expertise, and the automotive industry. Maharashtra focused on its natural resources and the city of Mumbai, one of the largest educational and business centers in the world. Andhra Pradesh surprised audiences with its “smart cities” and IT-Cluster.
Representing their regions at the INNOPROM were S.S. Radzhan – chief secretary of the Government of Rajasthan, Arvind Agarwal – additional chief secretary of the Department of Industry and Mines of Gujarat, Apurva Chandra – chief secretary for industry of the Government of Maharashtra, Justi Krishna Kishore – executive director of Economic Development of Andhra Pradesh, A. Mutukumar – co-secretary of the Department of Industry of the Government of Jharkhand.
The overall investment picture was outlined by Siddharth Anand, associate vice president of the Invest India National Agency. According to him, India is now ranked third in the world, in terms of GDP, and in 10 years, it will have a consumer market worth $3.5 trillion, and the average age of population – 29 years. The capacity of the IT-sector, which is one of the leaders of the economy, will grow to $350 billion by 2025.
“In recent years, our country has attracted more resources into the construction of industrial enterprises than the USA and China,” said Mr. Anand.
“We are witnessing a unique event – in one place, from the mouth of professionals, people can obtain detailed information about the five most interesting states in India. Yesterday, I held talks with the governors of three regions, and I can say – great things await investors. These states are very dissimilar, each with its own distinctive features, but they all share one thing in common – a serious approach to investors, as well as rich investment, industrial and trade opportunities,” Andrey Besedin, president of the Ural Chamber of Commerce, shared his impressions.
Pankaj Saran, India’s Ambassador to the Russian Federation:
“The main result of the meeting between the state governors of India with Russian Prime Minister Dmitry Medvedev at the INNOPROM, was an agreement reached on the organization of bilateral business missions in sectors such as the defense industry, aerospace, mining, production of mineral fertilizers, pharmaceuticals, IT, and tourism. It is time to expand our cooperation beyond the capital cities. Russia and India have energetic regions, and the growth of their GDP depends on developing specific industries.”
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