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MP's Tech Leap: How ₹15,896 Crore Investment Transforms State Economy

Madhya Pradesh has taken a massive leap in technological advancement with investment proposals worth ₹15,896 crore. The state is developing a massive AI and knowledge city spread across 2,000 acres in Bhopal to become India's AI hub. New space technology and drone initiatives will revolutionize land management and urban planning across the state. These developments are expected to create over 64,000 new employment opportunities for local youth.

Key Points: MP Tech Conclave Secures ₹15,896 Crore Investment Proposals

  • Investment proposals worth ₹15,896 crore secured during Indore tech conclave
  • New AI and knowledge city to be developed on 2,000 acres in Bhopal
  • Space Tech Policy-2025 unveiled to position MP as space technology leader
  • Drone Data Repository launched for land management and urban planning
  • Nine companies received land allotment letters for ₹10.61 crore investment
  • Seven MoUs signed bringing ₹800 crore investment and 10,500 jobs
  • Science City Project to be developed on 25 acres for research facilities
2 min read

MP govt receives investment proposals worth Rs 15,896 crore in 'Tech Growth Conclave'

Madhya Pradesh attracts ₹15,896 crore investment in Tech Growth Conclave, creating 64,085 jobs and launching AI city, space policy, and drone initiatives.

"World-class institutions, research centres, and start-ups will come together here, transforming Madhya Pradesh into India's AI hub - CM Mohan Yadav"

Indore, Nov 14

The Madhya Pradesh government received investment proposals of worth Rs 15,896 crore during a 'Tech Growth Conclave 2.0' held in Indore, which will create 64,085 new employment opportunities in the state.

Chief Minister Mohan Yadav, on Thursday, said that the Madhya Pradesh government is now going to take a new leap in the field of space technology.

He announced that a knowledge and an AI city will be developed on 2,000 acres of land in Bhopal, modelled on modern hi-tech and cyber cities.

"World-class institutions, research centres, and start-ups will come together here, transforming Madhya Pradesh into India's AI hub," CM Yadav said while addressing the conclave at the Brilliant Convention Centre in Indore on Thursday.

Chief Minister shared that, for the 'Science City Project', the state government has planed to allot 25 acres of land where facilities for science, innovation, and technological research will be developed.

CM Yadav said that 'Tech Growth Conclave' marks a historic step toward placing the state at the forefront of India's emerging technology map.

"The state's progressive policies, strong infrastructure, investor-friendly environment, and skilled human resources have made Madhya Pradesh a centre of attraction for global investors," he added.

During the conclave, the Chief Minister issued letters of intent for land allotment to nine companies for promoting investment and industry development.

"These units will bring a total investment of Rs 10.61 crore and create around 740 new jobs," he said in statement.

Meanwhile, the state government also signed seven MoUs with different industries to boost investment and employment generation.

These will bring about Rs 800 crore in investment and create 10,500 new jobs.

Later, Chief Minister inaugurated the 'Drone Data Repository', the initiative which is expected to promote the use of drone-based data in land management, urban planning, forest conservation, irrigation, and disaster management.

He also unveiled the draft of Madhya Pradesh's Space Tech Policy-2025, aimed at making the state a leader in India's space technology economy.

The policy will open new avenues for research, investment, employment, and economic as well as scientific advancement.

- IANS

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Reader Comments

R
Rohit P
64,000+ jobs is massive! As someone from Indore, I'm excited to see my city becoming a tech hub. Hope these opportunities reach tier-2 cities as well.
A
Arjun K
While the investment numbers look impressive, I hope the government ensures proper implementation. We've seen many such announcements that don't translate to actual benefits for common people.
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Sarah B
The drone data repository is a smart move! This could revolutionize agriculture and urban planning in MP. Hope other states follow this model.
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Vikram M
MP's focus on space tech policy is visionary! With ISRO's achievements, states should actively participate in space economy. Bahut badhiya! 🇮🇳
M
Michael C
The Science City project sounds promising for research and innovation. Hope they collaborate with IITs and other premier institutions to make it world-class.

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