Indore (Madhya Pradesh) [India] October 11: The 4th edition of the Regional Industry Conclave took place on September 27, 2024, at the Jawahar Lal Nehru Police Academy Ground in Sagar, Madhya Pradesh. This annual event aimed to address the region’s industrial disparities and unlock its vast potential by bringing together government officials, industry leaders, investors, and entrepreneurs to explore opportunities in sectors such as mining, tourism, MSMEs, and renewable energy.

Among the key speakers was Akash Joshi, Co-Founder and Director of IMAST Operations Private Limited, who participated as a panelist in the session focused on Opportunities in MSMEs and Startups. Joshi shared his insights on why Madhya Pradesh, particularly cities like Indore, is an ideal location for businesses to establish corporate offices. He highlighted the state’s superior infrastructure, cleaner environment, cost-effective living standards, and an abundance of skilled manpower—all bolstered by supportive government policies.

Joshi pointed out that cities like Indore offer an excellent balance of high living standards, affordable housing, quality healthcare, and access to good education, making it easier to attract and retain skilled employees at IMAST. He also emphasized the central location of the state, which offers strong connectivity and reduced commute times, contributing to a better work-life balance for employees.

Speaking as CO founder of IMAST, Akash Joshi underscored how Madhya Pradesh’s business-friendly environment, characterized by flexible policies and simplified regulations, is particularly beneficial for MSMEs and startups.

In addition to the infrastructure and government support, Akash Joshi delved into the common mistakes startups make during their early stages. He advised entrepreneurs to avoid spreading themselves too thin by juggling multiple ideas. Instead, they should concentrate on refining one core idea, gaining in-depth knowledge, conducting market research, and running pilot tests before scaling up. He stressed that focusing resources on a single idea helps build a solid foundation for long-term success.

To make his points relatable, Akash Joshi humorously likened the startup process to cooking, drawing parallels between creating a well-prepared dish and building a successful business. Just as cooking requires the right ingredients, timing, and techniques, he explained that growing a business demands careful planning, strategic execution, and adaptability based on feedback. The analogy struck a chord with the audience, simplifying intricate business principles into digestible concepts.

The conclave served as a significant platform for fostering collaboration among stakeholders, providing invaluable insights on harnessing Madhya Pradesh’s industrial potential. Akash Joshi’s perspectives offered a fresh outlook on how businesses, particularly MSMEs and startups, can thrive in the region’s evolving business landscape.

The event was a testament to the Madhya Pradesh government’s commitment to promoting the state as a hub for industrial and entrepreneurial growth.

About IMAST

IMAST Operations Pvt ltd , co-founded by Akash Joshi and Ankur Pathak, is India’s leading provider of Loyalty & Rewards Program Management and SaaS solutions for Supply Chain. The company serves as a vital partner to many of the country’s top brands, delivering advanced technological solutions that streamline business operations and enhance customer engagement. With expertise in supply chain management and loyalty programs, IMAST is helping businesses scale efficiently and retain their competitive edge in the market.To know more visit https://www.imast.in .

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