Madhya Pradesh Investor Summit: Bundelkhand gets investment proposals of ₹23,000 crore
The Hindu
Madhya Pradesh Government attracts ₹23,000 crore investments, creating 28,000 jobs, focusing on Bundelkhand region development.
The Madhya Pradesh Government on Friday (September 27, 2024) received investment proposals worth ₹23,000 crores at its investor summit in Sagar that are expected to generate about 28,000 employment opportunities, Chief Minister Mohan Yadav said.
The government organised the fourth edition of the summit, Regional Industrial Conclave (RIC), in Sagar to attract investments in Madhya Pradesh’s Bundelkhand region.
The major proposals include a ₹3,200 crore integrated steel plant in Niwari district by the Pacific Industries and a 100 megawatt solar plant worth ₹1,350 crore by the Bansal Group.
The Bhopal-based Bansal Group, that has various projects across the State, will also establish four super-speciality hospitals and a five-star hotel in Bundelkhand region.
“Pacific Industries Ltd. has secured iron ore mines from the State and is poised to establish a steel plant in the Niwari district. Investment in the Bundelkhand region is expected to create 10,000 direct and indirect jobs,” J. P. Agarwal, chairman of Pacific Industries said at the event.
Mr. Yadav also said that allotment letters of 240 acres of land were also distributed for 96 industrial units, that have proposed an investment of ₹1,560 crores and employment to more than 5900 people.
The Chief Minister, who has visited various cities in the past few months to attract the investors, also virtually inaugurated an investment facilitation centre of the M.P. Industrial Development Corporation (MPIDC) in Tamil Nadu’s Coimbatore.
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