“States’ Policy Conclave 2024” endorsed India’s visionary vision and ongoing mission of sustainable and inclusive growth
According to an official statement, the PHD Chamber of Commerce and Industry (PHDCCI) held its flagship event, the “States’ Policy Conclave 2024,” on December 11 in New Delhi under the auspices of its State Development Council.
Paving India’s green path for inclusive and sustainable development was the conclave’s main focus.
The conclave strengthened the basis of government-industry discussion within a strong framework of cooperative federalism that guarantees progressive policies, therefore supporting the forward-thinking vision and continuous mission of India’s sustainable and inclusive growth.
With a good fundamental change as the backdrop for its agenda, the conclave aimed to make sure that India was reflected even more favorably in macro indicators. It is anticipated that the current waves of economic reform would alter the Indian economy’s structure in a way that is more permanent than temporary.
The conclave not only showcased best practices from different states but also gave a variety of stakeholders—including state and federal governments, business representatives, policy establishments, diplomatic missions, international agencies and multilateral institutions, investors, civil society, and the media—a forum to participate in productive policy discussions and exchanges.
Minister of State Jitendra Singh spoke at the summit and stated: “Uncharted territory is crucial to India’s economic narrative. For many years, India’s aquatic riches have been unexplored. Combining coastal states may be quite advantageous since they have some of the longest beaches in the world. Creating industry connections early on is essential. In order to build our systems to guarantee sustainability, the industry should determine which initiatives are required. There are now over 1.7 lakh startups in India. Effective connections are the reason for the ‘Startup India, Stand Up India’ initiative’s great success.
The need of policy intervention was emphasized by Dr. Shamika Ravi, Secretary of the Government of India and member of the Economic Advisory Council to the Prime Minister (EAC-PM). There are expenses associated with expansion, she said. Degrowth is the main topic of discussion in Europe, however India is not affected by it. While not all states are in the same position, all must keep expanding. Green GDP and new growth models that prioritize forests and biodiversity must thus be taken into account. These fields provide a great deal of room for creativity. Since not all states have equal prospects for development, those who protect forests should get compensation.
The Chhattisgarh government’s Investment Commissioner, Ritu Sain, emphasized that inclusivity and sustainability are now requirements in both policy and practice rather than just goals. Although the state’s per capita income is lower than the national average, she pointed out that industry accounts for 54% of Chhattisgarh’s GDP and that the state is India’s largest producer of electricity and steel.
With 30 million residents, Chhattisgarh is the ninth-largest state in India and provides both affordability and sustainability. Putting money there helps individuals who haven’t yet seen progress in their lives. Sain came to the conclusion that Chhattisgarh is prepared to emerge as the next investment destination because it has the ecology and regulatory climate needed for sustained enterprise.
The “States’ Policy Conclave 2024” included Chhattisgarh as a partner state, and for business executives in attendance, the state’s “Chhattisgarh Industrial Development Policy 2024-2030” was carefully explained.
Among the other distinguished speakers were Amb Manjeev Singh Puri, Chair, India-Nepal Center, PHDCCI; Bishal Thapa, Senior Director (India), CLASP; Anand Jha, Vice President (Head of Government: India & South Asia), Visa; Sanjay Kumar Mishra, Additional Secretary, Department of AYUSH, and Secretary-CEO, Madhya Pradesh State Medicinal Plants Board; Amitabh Ranjan, Registrar, Indian Institute of Public Administration; and Kamlesh Jain, Co-Chair, India-Nepal Center, PHDCCI.
The “States’ Policy Conclave 2024” also devoted its discussions to commemorating and remembering the triumphant conclusion of India’s economic reform mission, which was made possible by the unparalleled cooperation of industry responsiveness and supporting policies.
