Madhya Pradesh RIC attracts over Rs 23K cr investments; 28K jobs expected
The proposed investment is expected to generate around 28,000 jobs, with the highest investment of Rs 6,800 crore in the renewable energy sector
 "Madhya Pradesh RIC attracts over Rs 23K cr investments; 28K jobs expected")
Madhya Pradesh received investment proposals worth over Rs 23,000 crore at the Regional Industry Conclave (RIC) held in Sagar district on Friday. The proposed investments will generate around 28,000 jobs, with a maximum investment of Rs 6,800 crore to be made in the renewable energy sector.
Among the major potential investors, Gitanjali Group has expressed its desire to set up an integrated steel plant in Niwari at a cost of Rs 3,200 crore. Goyal Group intends to invest Rs 2,000 crore in the cement plant in Panna. Data Centrics has expressed its intent to set up a data center in the Sagar district at a cost of Rs 1,700 crore, while Fly Ola will invest Rs 1,800 crore in the aviation sector.
Addressing the media after the conclave, Chief Minister Mohan Yadav said, “The success achieved by RIC is encouraging. This is also giving local micro, small and medium enterprises (MSMEs) an opportunity to collaborate with big companies.”
The state had received overall investment proposals worth more than Rs 2 trillion, so far, he said, asserting that this trend will continue in the future. The chief minister said that along with big industries in the state, attention is also given to the development of MSMEs.
Gitanjali Group Chairperson JP Aggarwal said his group would set up an integrated steel plant worth Rs 3,200 crore in Niwari, which will provide direct employment to more than 1,250 people in the region. Gitanjali Group will also invest in the state’s medical sector in the future. Bansal Group expressed its intention to invest Rs 1,350 crore to set up four super specialty hospitals, a five-star hotel, and a solar plant. Green Mobility said it would invest Rs 1,000 crore in electric vehicle manufacturing, while Madhya Bharat Agro Company announced a new investment of Rs 500 crore in Sagar district. Companies in the renewable energy sector have proposed a total investment of Rs 6,800 crore.
A total of Rs 23,181 crore investment proposals were received during RIC which is expected to generate a total of 27,375 jobs.
Chief Minister Yadav issued letters of intent to 96 industrial units which will be allotted 240 acres of land. These companies will invest Rs 1,560 crore and employ more than 5,900 people.