Madhya Pradesh Receives Investment Proposals Of ₹ 90k Crore
Bhopal (Madhya Pradesh): The state received investment proposals worth Rs 90,000 crores from various industrial groups at an event in Mumbai on Thursday. The business proposals came on the heels of Chief Minister Mohan Yadav's one-to-one interaction with the head of top industrial houses in ‘Dialogue on Investment Opportunities in Madhya Pradesh’ with the heads of RPG, Welspun, INOX, Bhilosa,…
Madhya Pradesh received investment proposals totaling Rs 90,000 crores from various industrial groups at a Mumbai event on Thursday. The proposals encompassed sectors such as renewable energy, textiles, pharmaceuticals, information technology, automobile, real estate, chemicals, and more. The state anticipates creating approximately 14,375 jobs through these investments.
Renewable energy received the highest proposal at Rs 71,289 crore, followed by textiles at Rs 5,000 crore, pharmaceuticals at Rs 2,280 crore, real estate at Rs 1,000 crore, information technology at Rs 200 crore, and chemicals at Rs 400 crore. RPG Group expressed interest in power transmission, tyre manufacturing, and information technology.
Welspun Group discussed plans for a technical textile park and infrastructure investments worth Rs 150 crore and Rs 700 crore, respectively. INOX Air Products Limited aims to set up a silane gas plant in Madhya Pradesh with an investment of Rs 1,260 crore, while Bhilosa Industries plans a phased investment of Rs 7,500 crore in the PM MITRA Park in Dhar, generating around 3,750 jobs.
Ipca Laboratories Limited intends to invest Rs 1,080 crore in Dewas and Ujjain, creating 1,500 jobs. Sun Pharmaceutical Industries Limited plans a Rs 3,000 crore greenfield project in Pithampur, potentially generating 1,250 direct and 500 indirect jobs.
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