Madhya Pradesh gets Rs 31,000-crore investment proposals at industry conclave

Memorandum of Understanding (MoU) was exchanged between the Madhya Pradesh Tourism Board and AKS University, Satna.

Madhya Pradesh received investment proposals worth more than Rs 31,000 crore, which promise to generate more than 14,000 jobs, during the fifth edition of the Regional Industry Conclave (RIC) in Rewa, chief minister Mohan Yadav has said.

"We have received investment proposals worth over Rs 31,000 crore, which will generate more than 14,000 employment opportunities in the state during the 5th edition of the RIC," Yadav said on October 23.

Proposed projects

Siddharth Infratech (Greenco) proposes to invest Rs 12,800 crore in renewable energy sector in Panna and Rewa districts. Rithwik Projects Pvt Ltd plans Rs 4,000 crore investment in renewable energy sector again in Panna, while yoga guru Ramdev’s Patanjali Ayurved will invest Rs 1,000 crore in wellness and food processing sectors.

Ultratech Cement has proposed an investment of Rs 3,000 crore to set up a cement unit in Maihar, Mahan Energen Limited (Adani Group) will put in Rs 2,528 crore in coal block in the Singrauli district and Nisarg Ispat plan to invest Rs 1,000 crore in the rare earth and graphite block in the Sidhi district.

Dalmia Group has announced a cement and clinker unit of 4 million tonnes capacity in Rewa with an investment of Rs 3,000 crore, which will be the world's first 100 percent renewable energy-based plant.

Rama Group will set up a furniture plant in Satna district with an investment of Rs 500 crore, an official said.

Employment Opportunities

The chief minister also distributed letters of intent for allotment of 146 acres to 85 industrial units, which will attract an investment of about Rs 918 crore and generate 3,350 employment opportunities.

"Our effort is to increase industrial investment in the state. If any big industry wants to bring big projects in the state, which are beyond the limits of our existing policies, then we are ready to provide benefits to them also through the cabinet," the CM said at the conclave.

What Industry Leaders Said

Participating in the RIC, Reliance BioEnergy business head Harinder K Tripathi said, "We can make Madhya Pradesh number one in terms of providing employment in five sectors, including net carbon, green energy and green fertilizer.".

Acharya Balkrishna of Patanjali Group said there were immense possibilities of investment in Madhya Pradesh.  "We will build Patanjali's best Yoga and Ayurveda wellness centres, so that people get education, values and health in the state," he said.

The chief minister also performed virtual bhoomi pujan of an IT Park in Rewa.

(With PTI inputs)