<p>Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Thursday said the state's contribution to India's economy will reach $550 billion by 2026 as the country is expected to become a $5-trillion economy.</p>.<p>Chouhan said the state's gross domestic product (SGDP) is growing at 19.67 per cent this year and it has been attracting investments at a faster pace.</p>.<p>"Prime Minister Narendra Modi has taken a pledge to make India a $5-trillion economy. It will be achieved when states do their part. So we will be contributing $550 billion to the country's economy by 2026. We have made a road map to accomplish this (target), and attracting investment is a part of this plan," Chouhan told reporters on the sidelines of an event here.</p>.<p>At 'Investment opportunities in Madhya Pradesh' event hosted by industry body CII, the chief minister also urged the investors' community to invest in Madhya Pradesh. The event comes ahead of a two-day global investors' summit which is scheduled to be held in Indore beginning January 11 next year.</p>.<p>The chief minister said that Madhya Pradesh offers a host of benefits to new businesses, which include easy availability of land and strong infrastructure support.</p>.<p>The state does not have any kind of industrial unrest. At the same time, there is an abundance of skilled manpower here, Chouhan said.</p>.<p>He said there are immense opportunities for investment in areas such as food processing, textiles, pharmacy, automobile, tourism and warehousing sectors, among others. And these segments are attracting investment as well.</p>.<p>The chief minister said that he has held meetings with business houses such as Reliance, Mahindra & Mahindra, Hindustan Unilever (HUL) and BPCL and during the course of the day will be meeting with other companies as well.</p>.<p>According to the state government, the state's strategic location, strong resources, innovative and proactive policy approach and industrial corridors are the other key differentiators. </p>
<p>Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Thursday said the state's contribution to India's economy will reach $550 billion by 2026 as the country is expected to become a $5-trillion economy.</p>.<p>Chouhan said the state's gross domestic product (SGDP) is growing at 19.67 per cent this year and it has been attracting investments at a faster pace.</p>.<p>"Prime Minister Narendra Modi has taken a pledge to make India a $5-trillion economy. It will be achieved when states do their part. So we will be contributing $550 billion to the country's economy by 2026. We have made a road map to accomplish this (target), and attracting investment is a part of this plan," Chouhan told reporters on the sidelines of an event here.</p>.<p>At 'Investment opportunities in Madhya Pradesh' event hosted by industry body CII, the chief minister also urged the investors' community to invest in Madhya Pradesh. The event comes ahead of a two-day global investors' summit which is scheduled to be held in Indore beginning January 11 next year.</p>.<p>The chief minister said that Madhya Pradesh offers a host of benefits to new businesses, which include easy availability of land and strong infrastructure support.</p>.<p>The state does not have any kind of industrial unrest. At the same time, there is an abundance of skilled manpower here, Chouhan said.</p>.<p>He said there are immense opportunities for investment in areas such as food processing, textiles, pharmacy, automobile, tourism and warehousing sectors, among others. And these segments are attracting investment as well.</p>.<p>The chief minister said that he has held meetings with business houses such as Reliance, Mahindra & Mahindra, Hindustan Unilever (HUL) and BPCL and during the course of the day will be meeting with other companies as well.</p>.<p>According to the state government, the state's strategic location, strong resources, innovative and proactive policy approach and industrial corridors are the other key differentiators. </p>