MP bags investment proposals of Rs 3.2K crore from Google, others

Chief Minister Mohan Yadav told the industrialists that MP has a lot of potential for industries in IT, energy, tourism, MSME, food processing, horticulture, and agriculture sectors

Madhya Pradesh Chief Minister Mohan Yadav on Thursday said that the state has received investment proposals worth Rs 3,200 crore, including from international companies Nvidia and Google, which are likely to generate over 7,000 employment opportunities.

More than 500 participants took part in the interactive session held in Bengaluru. During the event, one-to-one meetings were held with more than 30 prominent companies, including Lap India Private Limited, Reliance Consumer Products Limited, Nvidia, Google, DHL Global, Tech Mahindra, Grow, Microsoft, Kenes Technology and Kirloskar Systems.

The chief minister said that while Nvidia talked about preparing a blueprint to develop Madhya Pradesh as the intelligence capital of India, Google Cloud proposed to set up a startup hub and center of excellence in the state. Four MoUs were also signed in the IT sector.

During the session, Yadav told the industrialists that the state has a lot of potential for industries in IT, energy, tourism, MSME, food processing, horticulture and agriculture sectors and that the state government never lags behind in helping entrepreneurship.

Principal Secretary of the Department of Industrial Policy and Investment Promotion Raghavendra Singh gave a presentation about the investor-friendly policies and schemes of the state government. He told the investors that this is the most favourable time to invest in Madhya Pradesh.

Principal Secretary of the Department of Science and Technology Sanjay Dubey said that there is a lot of potential in the state for investment in IT, Electronics System Design and Manufacturing (ESDM), Information Technology Enabled Services (ITES). He said that no other state except Madhya Pradesh gives incentives to developers in the IT, ITES sector.

During the interaction session, MoUs were also signed between Madhya Pradesh Industrial Development Corporation Limited and India Electronics Semiconductor Association (IESA), TIE Global, Electronic Industries Association of India (ELCINA) and Association of Geospatial Industries (AGI).