Madhya Pradesh Hosts 4th Regional Industry Conclave | 27 Sep 2024

Why in News?

The fourth edition of the Regional Industry Conclave is taking place today, September 27, 2024, in the Sagar district of Madhya Pradesh.

  • This significant event aims to attract investments and foster equitable growth in the Bundelkhand region.

Key Highlights:

  • Madhya Pradesh Chief Minister Mohan Yadav will engage in sectoral sessions and hold one-on-one discussions with industrialists.
  • The conclave will feature various sectoral sessions focusing on petrochemicals, plastics, agriculture, food processing, dairy, MSMEs, startups, and the local cottage industry, particularly the bidi industry. These sessions aim to address industry-specific challenges and opportunities.
  • The Chief Minister will virtually inaugurate and lay the foundation stones for several new and proposed projects.
    • These include the proposed land allotment for regional offices, the Bhoomi Pujan of the MP Industrial Development Corporation (MPIDC), and the inauguration of District Investment Promotion Centres in multiple districts.
  • A detailed action plan for the bidi industry will be discussed, along with strategies for marketing and processing local products under the ‘One District-One Product’ initiative.
  • This conclave is a pre-event for the “Invest Madhya Pradesh-Global Investor Summit-2025,” scheduled to be held in Bhopal on 7-8 February, 2025.
    • The summit aims to position Madhya Pradesh as a favorable investment destination.

One District One Product (ODOP)

  • ODOP is an initiative to boost economic growth at the district level by promoting and branding one product from each district of the country.
    • The idea is to leverage the local potential, resources, skills, and culture of each district and create a unique identity for them in the domestic and international markets.
  • Over 1000 products have been selected from all 761 districts in the country. The initiative covers a wide range of sectors, including textiles, agriculture, processed goods, pharmaceuticals, and industrial items.
  • Also, multiple ODOP products were displayed at the World Economic Forum in January 2023 in the Indian Pavilion at Davos in Switzerland.