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Madhya Pradesh's Investment Boom: How Hyderabad Meet Secured Rs 36,600 Crore

Madhya Pradesh has secured massive investment proposals worth Rs 36,600 crore from a business summit in Hyderabad. Chief Minister Mohan Yadav announced that these investments are expected to generate approximately 27,800 private sector jobs. The proposals came from 10 major companies including Axis Energy Ventures and AGI Greenpac. The state is also developing significant infrastructure projects like the hydro pumped storage plant in Neemuch.

Key Points: MP Gets Rs 36600 Crore Investment Proposals from Hyderabad Meet

  • Major proposals include Axis Energy Ventures India's Rs 29,500 crore investment plan
  • BEML allotted land for Rs 18,000 crore rail coach manufacturing unit
  • Largest hydro pumped storage project developing in Neemuch on Chambal River
  • Hyderabad industrialists express strong interest in investing across MP sectors
2 min read

MP receives investment proposal worth Rs 36,600 during Hyderabad's business meet

Madhya Pradesh secures Rs 36,600 crore investment proposals from Hyderabad business summit, expected to create 27,800 jobs across multiple sectors.

"During one-on-one discussions with industry leaders at the session, 10 companies submitted proposals worth Rs 36,600 crore, expected to generate about 27,800 jobs - CM Mohan Yadav"

Bhopal/Hyderabad, Nov 23

Chief Minister Mohan Yadav on Saturday said the Madhya Pradesh government has received the investment proposal worth more than Rs 36, 600 crore from various industries from Hyderabad and other Southern states.

The Chief Minister shared that this investment is expected to generate approximately 27,800 jobs in the private sector. He shared that many industrialists in Hyderabad have expressed interest in investing in Madhya Pradesh.

Mohan Yadav shared this information while addressing a large gathering of industry leaders at the 'Investment Opportunities in Madhya Pradesh' session held in Hyderabad on Saturday.

CM Yadav said that during his visits to other states, he carried no political agenda and his only purpose was to promote industrial investment. "I come from the holy city of Baba Mahakal. Madhya Pradesh is the only state in India where diamonds are found, while Telangana is known for pearls," Yadav said.

Addressing the session, Madhya Pradesh Chief Minister stated that Hyderabad is a city that moves ahead with a vision for the future, meaning it can foresee upcoming opportunities.

"We are here to build a new relationship with investors. Under Prime Minister Narendra Modi’s leadership, India has gained a unique global identity. The nation has broken several myths and achieved rapid development across sectors, including space," he added.

The CM shared that in Madhya Pradesh, BEML has been allotted land for a Rs 18,000-crore rail coach manufacturing unit. Major investment is also taking place in defence technology. The state is providing opportunities for investors across all sectors.

Yadav highlighted that the largest hydro pumped storage power project is being developed in Neemuch on the Chambal River and will be completed in the next two years. Madhya Pradesh is fulfilling every commitment made to investors.

"During one-on-one discussions with industry leaders at the session, 10 companies submitted proposals worth Rs 36,600 crore, expected to generate about 27,800 jobs," Yadav said later in a statement.

According to the government, major investment proposals received in Hyderabad include AGI Greenpac (Rs 1,500 crore), Axis Energy Ventures India (Rs 29,500 crore), Ananth Technologies (Rs 1,000 crore), Automatski Solutions (Rs 1,000 crore), Colaberry Inc (Rs 1,000 crore), Dermacure Pharmaceuticals (Rs 150 crore).

- IANS

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Reader Comments

R
Rohit P
Finally some good news for our youth! MP has been needing industrial growth for years. The rail coach manufacturing unit and defence tech investments sound promising. Hope local talent gets preference in these jobs.
A
Arjun K
While the numbers look impressive, I hope the government ensures proper environmental clearances and doesn't compromise on regulations. Development should be sustainable. The Chambal River project needs careful monitoring.
S
Sarah B
Great to see inter-state cooperation! Hyderabad's tech expertise combined with MP's resources could create a powerful economic synergy. The Axis Energy Ventures proposal of Rs 29,500 crore is massive! âš¡
V
Vikram M
As someone from MP, I appreciate the CM's efforts to attract investment. But I hope the benefits reach smaller cities too, not just Bhopal and Indore. Balanced regional development is crucial.
M
Michael C
The pharmaceutical investment from Dermacure is particularly interesting. India needs more domestic manufacturing in healthcare. Good to see diverse sectors getting attention - from energy to pharma to rail manufacturing.

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