Page 13 - Madhya Pradesh

MP aims to double startups in 5 years, earmarks Rs 100 cr for seed capital

Madhya Pradesh has set a target of doubling the number of startups in the state to 10,000 over the next five years and will set up a Rs 100 crore seed capital fund to promote new enterprises and innovations, state MSME Minister Chaitanya Kumar Kashyap said on Tuesday. The state government has framed a new transparent policy for the MSME with emphasis on ease of doing business and time-bound sanctions of projects and delivery of incentives offered by the state, he said while speaking at the Madhya Pradesh Global Investors Summit (MP GIS) 2025. "We have framed a policy for startups. Already there are 5,000 startups registered in the state and we are targetting to take it to 10,000 in the next five years," Kashyap said. The state is encouraging the startups to focus on manufacturing and providing services, the minister said. "We are also setting up a Rs 100 crore fund for providing seed capital to startups. We want to promote new ideas and innovations by young minds," Kashyap ...

Jobs portal Apna signs MoU with MP govt to contribute 100,000 jobs annually

Jobs and professional networking platform Apna.co has signed a Memorandum of Understanding (MoU) with the Directorate of Employment, Government of Madhya Pradesh, at the Invest Madhya Pradesh Summit to drive large-scale employment generation and workforce empowerment across the state and generate 1 lakh job opportunities. The partnership with Directorate of Employment, Department of Technical Education, Skill Development, and Employment would create 1 lakh job opportunities annually, spanning diverse sectors such as retail, BFSI, IT, manufacturing, logistics, and healthcare, Apna.co said in a release. The MoU was signed in the presence of Inder Singh Parmar, Minister of State for School Education, and Gautam Tetwal, Minister of State for Skill Development and Employment. "Through this collaboration, millions of job seekers across Madhya Pradesh will gain free access to a diverse range of job opportunities through Apna," it said. It further said that the initiative offers a targeted

MP inks 19 MoUs in co-operative sector to boost farmers, industry: Govt

Madhya Pradesh on Tuesday signed 19 MoUs in the co-operative sector with an aim to boost farmers' income while offering raw material sourcing avenue for private companies. These MoUs (memoranda of understanding) were signed in the presence of Chief Minister Mohan Yadav at the ongoing Madhya Pradesh Global Investors Summit (MP GIS) 2025. Yadav said the Centre and the state government are taking steps to promote cooperative movement in the country. He assured full support to the investors in all their endeavour in the state. Speaking at the event, state Cooperation Minister Vishwas Kailash Sarang said the state government is promoting C-PPP (co-operative- public private partnership) in a big way and hoped that this new model becomes highly successful. "This model will be a win-win situation for all. Farmers' income will increase while private companies will get assured raw materials. The companies can also sell final products through the co-operative societies," the minister said.

Tech companies commit to invest Rs 25,640 crore in MP, create 183K jobs

Technology companies across segments have committed to investing Rs 25,640 crore in Madhya Pradesh that will lead to creation of over 1.83 lakh employment opportunities in the state, an official statement said on Tuesday. The commitments were received from 35 entities during the IT and Technology Summit at GIS 2025. "The state secured a total investment of Rs 25,640 crore across various technology sectors, creating approximately 1,83,400 employment opportunities," the statement issued by the Madhya Pradesh government said. Major investment commitments of Rs 12,350 crore have come in the space of electronics manufacturing from eight entities with promise to generate employment for 14,000 people. With investment of Rs 5,500 crore, IT and ITes entities have promised to be the biggest job generator in the state with 93,000 employment opportunities, followed by GCC (global capability centres) investment of Rs 700 crore that will create 40,500 jobs in the state. "Madhya Pradesh stands a

Govt aid to help MP attract highest investments from tourism: Minister

The incentives offered by the Madhya Pradesh government will help the state attract the highest investments from the tourism and hospitality sector in the coming years, Union Minister Gajendra Singh Shekhawat said on Tuesday. Addressing the Madhya Pradesh Global Investors Summit (MP GIS) 2025 here, the Tourism Minister said Madhya Pradesh has the power to meet the aspirations of tourists looking to explore all kinds of experiences from spirituality to mountains, etc. "We are sitting on the gateway of a bright future in this (tourism) sector. I would appeal to all of you for maximum investments, wherever there is a possibility in Madhya Pradesh as well as in India. Your investment will certainly not disappoint you," he said and urged the tourism industry to invest in the state. Asserting that India is standing at the cusp of unlimited possibilities, he said, "the kind of incentives offered by Madhya Pradesh will help it attract the maximum investments from India's hospitality, travel

MPGIS 2025: Talks underway on setting up Deregulation Commission, says PM

Speaking at the MP Global Investors Summit 2025 in Bhopal, Adani mentioned that the Adani Group is in talks with the state government for additional investments

MPGIS 2025: SECI commits Rs 2,500 cr investment in Madhya Pradesh

State-owned Solar Energy Corporation of India (SECI) on Monday said it will invest Rs 2,500 crore phase-wise in renewable energy projects in Madhya Pradesh. SECI has signed a memorandum of understanding (MoU) with the Madhya Pradesh government for setting up a 200 MW solar project in Dhar under the CPSU Scheme and a 1,000 MWh Battery Storage Project in the state, a company statement said. The MoU was signed at the two-day Global Investors Summit 2025 in Bhopal. The agreement was signed by Sivakumar V Vepakomma, Director (Power Systems) SECI and Manu Srivastava, Additional Chief Secretary (NRE). The 200 MW solar project is part of a 500 MW Agreement, executed in 2023 with MP Power Management Company Ltd (MPPMCL) for 25 years under which SECI will supply the electricity to the state. The corporation has proposed a phase-wise capital expenditure of Rs 2,500 crore for the expansion and development of renewable energy in Madhya Pradesh. The summit was attended by various stakeholders

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