Madhya Pradesh RIC Secures Over ₹23,000 Crore in Investments.

Madhya Pradesh received investment proposals exceeding ₹23,000 crore during the Regional Industry Conclave (RIC) held in Sagar district on Friday, with anticipated job creation of around 28,000. The renewable energy sector emerged as a significant focus, accounting for the largest share with proposals totaling ₹6,800 crore.

Among the notable investors, Gitanjali Group plans to establish an integrated steel plant in Niwari at an investment of ₹3,200 crore, which is expected to create over 1,250 direct jobs. Goyal Group has also expressed intentions to invest ₹2,000 crore in a cement plant in Panna, while Data Centrics aims to set up a data center in Sagar district with a proposed investment of ₹1,700 crore. Additionally, Fly Ola will invest ₹1,800 crore in the aviation sector.

Addressing the media after the conclave, Chief Minister Mohan Yadav remarked on the encouraging success of the RIC, noting that it provides local micro, small, and medium enterprises (MSMEs) with opportunities to collaborate with larger companies. He highlighted that Madhya Pradesh has received over ₹2 trillion in overall investment proposals, emphasizing a commitment to continue this positive trend.

Gitanjali Group Chairperson JP Aggarwal further stated that alongside the steel plant, the group is also considering future investments in the state's medical sector. Meanwhile, Bansal Group plans to invest ₹1,350 crore to establish four super specialty hospitals, a five-star hotel, and a solar plant. Green Mobility has committed to investing ₹1,000 crore in electric vehicle manufacturing, and Madhya Bharat Agro Company announced a new ₹500 crore investment in Sagar district.

The RIC ultimately garnered a total of ₹23,181 crore in investment proposals, which are projected to generate approximately 27,375 jobs across various sectors.

BS