Maharashtra to Host Global Investment Summit Magnetic Maharashtra: Convergence 2018 50 lakhs prize money for 'Magnetic Maharashtra Start Up Under 30'

New Delhi, 09: In a bid to facilitate investments into the state, the Government of Maharashtra in its first big economic push of the year has announced the state’s first-ever Global Investment Summit - “Magnetic Maharashtra: Convergence 2018” which will be held from February 18 to 20, 2018, informed the Chief Minister, Shri Devendra Fadnavis.

The summit aims to promote indigenous manufacturing and to provide impetus to Prime Minister’s flagship program ‘Make in India’ will be held at the MMRDA Grounds, Bandra Kurla Complex, in Mumbai.

Informing about this, the Chief Minister Devendra Fadnavis said that the first 'Magnetic Maharashtra - Convergence 2018' Global  Investment  Summit will be organized with the aim of promoting investment in the state and the conference will be inaugurated by Prime Minister Narendra  Modi.

This conference has been organized in order to promote state-of-the-art products and to promote Make-in-India initiative.

The Chief Minister said that the state has reclaimed its prime position in industry sector in the last three years. About fifty percent of the total foreign investment in the country is done in Maharashtra. The state is also in the forefront in infrastructure, exports and finance. In the next ten years, Trillion dollar economy will be created in the state, hoped the chief minister. “The political climate in Maharashtra is conducive for global investments and economic growth.

The Chief Minister said that the progress of the industry department is more than 20 percent higher than all the departments. In 2016, the 'Make in Maharashtra' conference was organized in the state. The result of this conference was very positive. About 20 thousand 984 MoUs were signed in this conference.  Of these, 51 per cent of the projects have been operational, 61 per cent of the proposed investments have been made, while about 74 per cent of the 22 lakh expected jobs have been created.

Industries Minister Subhash Desai briefed the state government about the important decisions taken by the government. He said, due to the new schemes, an environment conducive to industries has been created in the state. Maharashtra has always been the center of attraction for global investors. He said that the state government's ‘Women Industrial Policy’ is the first national level policy. He said that it would be useful for establishing a future-ready state, which has consistently topped global innovation and smart productivity.

This three-day conference is based on the four main pillars of the Global Investment Council, employment, sustainability, infrastructural facilities and future industries. Through this first global investment summit, we intend to strengthen the identity of Maharashtra as the gateway to all industrial investment in India.

The website was inaugurated by the launch of '#MadeForBusiness' tagline and Magnetic Maharashtra - Convergence 2018, smart phone application and www.midcindia.org/convergence2018/registration, which would provide all information about this conference.

In order to support the budding and young professionals of the state, this conference will organize 'Magnetic Maharashtra Start Up- Under 30'. The winners of the competition will be given a prize of Rs 50 lakh, second and third prize of Rs 30 lakh and the third prize of Rs 20 lakh respectively, informed the Chief Minister.