Connect with us

Business

Madhya Pradesh secures ₹8,000 crore in new investment; Adani invests ₹3,500 crore 

Published

on

Madhya Pradesh secures ₹8,000 crore in new investment; Adani invests ₹3,500 crore 

On Wednesday, the Madhya Pradesh government‘s regional industry conclave unveiled a slew of investment proposals totaling ₹8,000 crore, with the Adani Group committing ₹3,500 crore. This substantial investment promises to drive growth across multiple sectors in the state. 

Reliance also announced its intention to invest in renewable gas and compressed biogas projects within Madhya Pradesh, signaling a significant shift towards sustainable energy solutions. 

Chief Minister Mohan Yadav, speaking at the conclave, highlighted the state’s commitment to fostering investment, innovation, and sustainable development. He praised the leadership of Prime Minister Narendra Modi, noting India’s rise as the fifth largest economy in the world and its trajectory towards becoming the third largest. 

The event, which drew substantial interest, is expected to create 35,000 jobs. Over 2,500 MSMEs expressed their intent to invest ₹5,000 crore, further boosting the state’s economic landscape. 

Chief Minister Yadav also revealed plans by the Madhya Pradesh Industrial Development Corporation (MPIDC) to establish four new industrial parks. These parks will be located in Mohna (210 hectares), Gurawal (30.64 hectares), Chainpura (334 hectares), and Mavai (210 hectares), aiming to provide robust infrastructure for industrial growth. 

In a significant development, Yadav assured the establishment of a world-class hospital in Gwalior, funded by private sector investment. 

The Adani Group announced the creation of a 2 million tonne capacity cement grinding unit in Guna and a propellant production facility in Shivpuri, with a total investment of ₹3,500 crore. They also plan to launch a jacket production unit operated by women, as part of their women empowerment initiative. 

Vivek Taneja of Reliance Bio Energy shared that the company’s renewable gas and compressed biogas projects will initially generate 2,000 jobs in rural areas, emphasizing the potential for sustainable employment opportunities. 

This conclave underscored Madhya Pradesh’s strategic vision for economic development, blending large-scale industrial investments with sustainable and inclusive growth initiatives.