Madhya Pradesh Secures ₹30.77 Lakh Crore in Investment Pledges : Report
Madhya Pradesh has received investment commitments worth an unprecedented ₹30.77 lakh crore following the conclusion of its two-day Invest Madhya Pradesh Summit, Chief Minister Mohan Yadav announced on Tuesday. The 8th edition of the summit aimed to position the state as a leading investment hub by showcasing its strategic advantages, industrial capabilities, and economic potential.
Madhya Pradesh has received investment commitments worth an unprecedented ₹30.77 lakh crore following the conclusion of its two-day Invest Madhya Pradesh Summit, Chief Minister Mohan Yadav announced on Tuesday. The 8th edition of the summit aimed to position the state as a leading investment hub by showcasing its strategic advantages, industrial capabilities, and economic potential.
Major Investment Announcements
The Global Investors Summit attracted several major companies, including billionaire Gautam Adani’s Adani Group, Reliance Industries, and state-owned NTPC, committing over ₹4 lakh crore across various sectors.
- Adani Group pledged ₹1.10 lakh crore for projects in pumped storage, cement, mining, smart meters, and thermal energy.
- Reliance Industries announced a ₹60,000 crore investment for biofuel projects in the state.
- NTPC Green Energy Ltd (NGEL) and Madhya Pradesh Power Generation Company Ltd (MPPGCL) signed an MoU for 20 GW of renewable power generation, with a proposed investment of ₹1.20 lakh crore.
- Avaada Group, a renewable energy company, committed ₹50,000 crore for projects in solar, wind, pumped hydro storage, battery storage, and solar photovoltaic module manufacturing.
- Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) pledged ₹26,800 crore and ₹21,000 crore, respectively, to support new projects in the state.
- OPG Power Generation Pvt Ltd announced ₹13,400 crore in investments for setting up battery storage systems, small modular reactors, green hydrogen, and hybrid (solar and wind) power generation.
Additionally, international collaborations played a significant role in the summit, with organizations such as the Indo-European Chamber of Small and Medium Enterprises, the Germany India Innovation Centre, and the Indo-German Chamber of Commerce signing MoUs with the Madhya Pradesh Industrial Development Corporation (MPIDC) to boost trade and investment.
State’s Strategy for Investment Growth
CM Mohan Yadav emphasized that Madhya Pradesh offers a favorable investment climate, with abundant land, water, and natural resources, alongside pro-business policies that make it an attractive destination for global investors.
To support the influx of investments, the state government has introduced several initiatives:
- Single-window clearance system to ease business approvals.
- Subsidies and incentives for key industries like manufacturing, technology, and energy.
- Development of industrial corridors and dedicated investment zones.
- Skilling programs to train the local workforce to meet industry demands.
During the two-day event, over 5,000 business-to-business (B2B) meetings and 600 business-to-government (B2G) meetings were conducted, further strengthening the investment outlook of the state.
A Vision for Economic Growth
Madhya Pradesh is focused on expanding its manufacturing, infrastructure, agriculture, renewable energy, technology, and services sectors. The summit’s success reflects the state’s commitment to industrial growth and its vision of becoming a key player in India’s economic landscape.
Sources By Agencies
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