Saturday, 29 October 2016

Madhya Pradesh to be logistics hub in GST

Madhya Pradesh would become a supply hub in the goods and service tax regime, Union Finance Minister Arun Jaitley told  investors while delivering the inaugural speech at the state’s fifth Global Investors Summit.

The summit is a biennial affair of the Madhya Pradesh government to showcase the state’s potential to domestic and overseas investors.

“After the GST regime is implemented next year, there will be a flow of goods across the nation and Madhya Pradesh will become the supply chain hub for companies,” the finance minister pointed out.

Responding to a remark by Gopichand Hinduja, co-chairman of the Hinduja group, that the government needed to pick up pace, Jaitley said, “Generally, industry remains ahead of the government, but today we are at a historic moment when industry is behind the government. You need to pick up the pace.”

While laying stress on Madhya Pradesh’s achievement of double-digit growth, the finance minister said, “States with double-digit growth have seen chief ministers coming back to power. Madhya Pradesh has a leadership with clarity and a road map for progress.”

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