Page 11 - Madhya Pradesh

MP has potential for 18-fold growth to be $2.1 trn economy by 2047-48: CII

Madhya Pradesh can potentially increase the size of its economy by 18 times to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, according to a report by industry body CII. In order to realise its potential, the state needs to focus on boosting the manufacturing industry and industrial expansion must take center stage, CII said. According to the report 'Envisioning Madhya Pradesh Economy@2047', the gross state domestic product (GSDP) of the state can rise to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, growing at a CAGR of 8.6 per cent, from the current USD 164.7 billion (Rs 13.6 lakh crore). With a proactive state government dedicated to boosting investment and driving growth, Madhya Pradesh is well-placed to increase its contribution to India's GDP from the current 4.6 per cent to 6 per cent by 2047-48, CII Director General Chandrajit Banerjee said. As per the report, for Madhya Pradesh to achieve its ambitious growth targets, manufacturing and industrial expansion must tak

MP investors' summit: NTPC, Dabur, Reliance & others pledge investments

Prime Minister Narendra Modi, who inaugurated the summit, said Madhya Pradesh is becoming a preferred business destination while adding that this is the right time to invest in the state

Madhya Pradesh has potential to become $2.1 trn economy by 2047-48: Report

Madhya Pradesh can potentially increase the size of its economy by 18 times to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, according to a report by the industry body CII. In order to realise its potential, the state needs to focus on boosting the manufacturing industry and industrial expansion must take center stage, CII said. According to the report, "Envisioning Madhya Pradesh Economy@2047" the gross state domestic product (GSDP) of the state can rise to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, growing at a CAGR of 8.6 per cent, from the current USD 164.7 billion (Rs 13.6 lakh crore). With a proactive state government dedicated to boosting investment and driving growth, Madhya Pradesh is well-placed to increase its contribution to India's GDP from the current 4.6 per cent to 6.0 per cent by 2047-48, CII Director General, Chandrajit Banerjee said. As per the report, for Madhya Pradesh to achieve its ambitious growth targets, manufacturing and industrial expansion

Time to invest in MP: PM Modi as he cites talent pool, booming industries

Prime Minister Narendra Modi on Monday said with a strong talent pool and thriving industries, Madhya Pradesh is becoming a preferred business destination and that this is the time, and right time, to invest in the state. He was speaking after inaugurating the mega 'Invest Madhya Pradesh - Global Investors Summit-2025' at the Indira Gandhi Rashtriya Manav Sangrahalaya, located near the picturesque Upper Lake in Bhopal, to showcase the state's infinite possibilities for investors and industrialists. Modi said the World Bank has expressed confidence that India will continue to be the world's fastest growing economy in the coming years. The World Bank recently said in its Global Economic Prospects report that India will remain the fastest-growing major economy for next two years. Modi also said the Deregulation Commission will help create investment-friendly regulatory ecosystem in the states. India is emerging as the top supply chain for global aerospace firms, he said, adding that

Gautam Adani pledges to invest Rs 1.1 trn across sectors in Madhya Pradesh

Global Investors' Summit 2025: The Adani Group plans to fund projects in pumped storage, cement, mining, smart meters, and thermal energy, aiming to create over 1,20,000 jobs in Madhya Pradesh by 2030

Global Investors Summit will propel MP to new heights: CM Mohan Yadav

The Chief Minister on Saturday inaugurated a tent city for guests participating in the summit which is scheduled to be held on February 24 and 25 in Bhopal

PM Narendra Modi to inaugurate MP GIS on February 24 to boost investment

Many top industrialists, including Gautam Adani, to attend the event; Home Minister Amit Shah to participate in the closing ceremony on Tuesday

PM on 3-day visit to MP, Bihar, Assam, to inaugurate development projects

Prime Minister Narendra Modi will be on a three-day visit to Madhya Pradesh, Bihar and Assam from Sunday to attend several development initiatives, including the global investors summit in Bhopal and the release of 19th instalment of cash assistance to farmers in Bhagalpur. In Madhya Pradesh on Sunday, Modi will lay the foundation stone of Bageshwar Dham Medical and Science Research Institute in Chhatarpur and inaugurate the investors summit on Monday, a statement said. He will release the 19th instalment of 'PM KISAN' scheme at an event in Bhagalpur on Monday and also inaugurate various development projects in Bihar before travelling to Assam. He will attend the 'Jhumoir Binandini' on Monday evening and inaugurate the investment and infrastructure summit the next day. Modi will inaugurate Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati on Tuesday. The PMO said the two-day Global Investors Summit (GIS) in Bhopal will serve as an important platform to establish

Vedanta declared preferred bidder for diamond block in Madhya Pradesh

It said it is the highest bidder with a final price offer of 1.10 per cent

Court convicts ex-MLA Kishore Samrite for threatening to blow up Parliament

Kishore Samrite, a former MLA from Lanji in Balaghat District, had allegedly threatened to blow up the Parliament of India with dynamite

Madhya Pradesh govt to soon introduce a new public transport model

The new system will be launched within a month

Pucca helipad every 45 km, airport every 150 km under new policy: MP CM

Madhya Pradesh Chief Minister Mohan Yadav on Tuesday said that under the state's new civil aviation policy, a 'pucca' helipad will be built in every 45 km radius and an airport in every 150 km radius. He was speaking during a dialogue with industrialists in Indore during the 'Invest Madhya Pradesh - Global Investors Summit' organised in Bhopal on February 24 and 25. The cabinet headed by Yadav on Tuesday approved the Madhya Pradesh Civil Aviation Policy-2025. Talking about it, the CM said, "As per the policy, a pucca helipad will be built in every 45 km radius and an airport in every 150 km radius across the state." The state government will provide a grant of Rs 7.50 lakh on every new domestic flight connecting Madhya Pradesh to other states of the country through new routes and Rs 10 lakh on every new international flight to aviation companies. Tenders will be called soon to start helicopter service to connect Indore, Ujjain and Omkareshwar. The cabinet headed by Yadav also ...

People advised to travel to Mahakumbh only with reserved tickets : MP CM

CM Mohan Yadav also requested to all those travelling by roads through Rewa to be aware of all traffic situations and make arrangements for their convenient journey

PM to visit Bageshwar Dham on Feb 23, to lay foundation stone for hospital

PM Modi's visit will bring double benefits to the region. On one hand, the Cancer Hospital will provide essential healthcare to those in need, and on the other, it will create employment opportunities

SECL exceeds statutory CSR budget for projects in Chhattisgarh, MP

SECL has 64 coal mines in Chhattisgarh and Madhya Pradesh. Of these, 39 are in Chattisgarh, and the rest are in Madhya Pradesh

From Bimaru state to investment powerhouse: Madhya Pradesh turns the scale

Once considered a BIMARU state, Madhya Pradesh has pivoted into a key destination for investment as its single-minded focus on infrastructure creation together with investor friendly policies and ease of doing business draws domestic and international firms, Chief Minister Mohan Yadav said. The state offers significant advantages to investors, with affordable land prices, consistent electricity supply, strong connectivity through roads, railways and airways and an investor friendly industrial policy that includes tax incentives, land subsidies, and rebates. Ahead of the state's Global Investors Summit (GIS) 2025 to be held in Bhopal on February 24-25, Yadav spoke about Madhya Pradesh's immense potential as an investment destination. He highlighted that the state had been working on the summit for almost a year, focusing on building the right infrastructure, improving policies, and engaging with stakeholders. He emphasized that this summit would be different from the past ones becaus

Expect investments in excess of Rs 4 trn to create 100,000 jobs: MP CM

The size of the investments is important, but equally crucial is the number of jobs that these proposals create, said MP CM

MP bans liquor in religious cities, introduces 'Low Alcoholic Beverage Bar'

The policy has also approved a new category, 'Low Alcoholic Beverage Bar', under which beer, wine, and ready-to-drink liquor with an alcohol content of 10 per cent or less will be served

MP's new logistics policy to boost supply, attract investors: CM Yadav

The Madhya Pradesh government's new logistics policy will strengthen the state's economy and attract investors in the upcoming global investors summit (GIS), Chief Minister Mohan Yadav said on Sunday. Invest Madhya Pradesh Global Investors Summit, is scheduled in Bhopal on February 24 and 25. Yadav listed various features of the Logistics Policy such as RFID, Green Card Scheme, green industrialisation etc. According to Yadav, the logistics policy novelties that were unveiled recently will improve supply efficiency by reducing logistics costs. "The policy's objective is to develop efficient, reliable, and strategically sustainable world-class logistics infrastructure so that logistics cost can be reduced to global standards by 2030," he stated. Yadav said the policy will make MP an attractive destination for domestic and international businesses. "The Madhya Pradesh Logistics Policy 2025 will also prove to be important in the direction of the overall economic development. It will

Weekend rush at Maha Kumbh again, traffic increases at MP-UP border

According to officials, around 1,000 vehicles were moving towards Prayagraj in every hour at Chakghat border and nearly 800 returning from there in the same period