MP Industrial Conference / Investors have fallen in love with this state, made up their mind to invest ₹ 1 lakh crore

Vikrant Shekhawat : Mar 03, 2024, 08:49 AM
MP Industrial Conference: In the two-day regional industrial conference organized in the religious city of Ujjain in Madhya Pradesh, 880 units have expressed their intention to invest a total of more than Rs 1 lakh crore in different sectors. Raghavendra Kumar Singh, Principal Secretary of the State Industrial Policy and Investment Promotion Department (DIPIP) gave this information on Saturday. He said that in the regional industrial conference held on Saturday, 880 units have expressed their intention to invest more than Rs 1 lakh crore in various sectors.

Mind Tree will invest Rs 500 crore

He told that in the conference, Adani Group announced investment of about Rs 75,000 crore in Madhya Pradesh. This investment will have a favorable impact on the state's gross domestic product (GSDP). Singh said that during the two-day conference, Chief Minister Dr. Mohan Yadav met more than 20 industrialists directly and in these meetings, a total investment potential of Rs 17,000 crore was expressed in the state. The Principal Secretary said that information technology sector company LTI Mind Tree signed a Memorandum of Understanding (MoU) for investment of Rs 500 crore in the state in the presence of the Chief Minister. This investment will provide employment to 10,000 people. He told that this company has been allotted 10 acres of land on the Super Corridor of Indore.

Representatives from 12 countries participated

Singh said that PepsiCo Group will invest about Rs 1,250 crore in Vikram Udyogpuri of Ujjain, which will provide employment to 500 people. He said that more than 4,000 people participated in the conference organized with the participation of Confederation of Indian Industry (CII). These included representatives from host India as well as 12 countries including America, England, Canada, Israel, Japan, South Korea and Germany. Singh said that a total of 3,700 buyers and sellers held more than 2,100 business meetings during the conference. He said that in the conference, industrialists were given information about investment opportunities in sectors like agriculture, food processing, religious tourism, pharmaceutical manufacturing, minerals, engineering products, textile manufacturing and urban infrastructure.