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Madhya Pradesh attracted investment proposals worth nearly Rs 20,000 crore during its two-day mining conclave, held in New Delhi and Bhopal. Chief Minister Mohan Yadav expressed confidence that these investments would significantly boost the state’s mining sector, positioning it as a major player in both diamond and gold mining.
The proposals came from 11 industrial institutions, with key highlights including a Rs 5,000 crore proposal from Invenire Petrodyne Ltd for coal bed methane exploration in Betul and Chhindwara districts. JK Cement committed Rs 2,500 crore for expanding its plant in Panna district, along with Rs 1,000 crore for coal block development in Singrauli and Shahdol districts. Ambuja Cement proposed Rs 3,000 crore for a cement plant in Rewa district, while Dalmia Cement offered a similar Rs 3,000 crore investment for a new plant in Satna district.
During the event, a joint venture agreement between MOIL (a Government of India undertaking) and Madhya Pradesh State Mineral Corporation Limited was signed, further cementing the state’s mining potential.
Chief Minister Yadav highlighted the state’s unique mineral reserves, particularly its diamond wealth in Panna district. He emphasized that Madhya Pradesh will soon be recognized for gold mining as well. He also proudly noted that stones from the tribal-dominated Mandla district were used in the sanctum sanctorum of the Ram Temple in Ayodhya.
The conclave featured discussions on mineral exploration, mineral processing, innovative technologies, and environmental protection, with additional emphasis on artificial intelligence and machine learning-based digitalization.
Sanjay Shukla, principal secretary to the Chief Minister and the Mineral Resources Department, emphasized that the state’s mining sector is on a growth trajectory. He reiterated the government’s focus on adopting modern technology and ensuring environmental sustainability in mining practices.
Chief Secretary Anurag Jain also noted Madhya Pradesh’s leadership in development and its position as the second-largest state for electricity availability, after Gujarat. This mining conclave, the first of its kind in the state, was a milestone event aimed at boosting investment and showcasing Madhya Pradesh’s growing mining potential.
The state’s ambitious target of a five-fold increase in mineral revenue seems attainable, as indicated by the results of the conclave, which will play a pivotal role in shaping the future of mining in Madhya Pradesh.