Share This Article
Jabalpur, July 20 – Madhya Pradesh’s industrial landscape received ₹17,000 crore in investment offers during a recent investor meeting in Jabalpur, according to Chief Minister Mohan Yadav’s announcement. The surge of investments is anticipated to provide over 13,000 new employment opportunities, offering a significant boost to the region’s economy.
Speaking during the summit, CM Yadav emphasized the creation of a modern skill development center in Jabalpur to attract investment in the textile and readymade garment industries. This strategy is projected to result in a trained workforce, increasing the state’s attraction to investors.
The Regional Industry Conclave in Jabalpur also saw tremendous progress in the defense manufacturing sector. Ashok Leyland Limited and Armoured Vehicle Nigam Limited have inked a ₹600 crore Memorandum of Understanding to strengthen production capacities in the state. While cannons are currently made in Madhya Pradesh, the new arrangement would allow for the production of Army tanks, strengthening the state’s position in the defense industry.
In addition to these advancements, CM Yadav opened 29 industrial units and set the groundwork for 38 more around the state. These efforts, with an investment of ₹1,500 crore, are estimated to produce roughly 4,500 job opportunities.
Significant investment suggestions were also made in other industries. Volvo Eicher commercial vehicles invested ₹1,500 crore in the Bhopal car industry, while Heidelberg Cement plans to invest ₹1,500 crore in a new cement factory in Damoh. The government awarded land allotment letters to 265 units covering 340 acres, expected to generate investments of ₹1,800 crore and create 12,000 employment.
During a January conference in Ujjain, the Adani Group announced a ₹75,000 crore investment in Madhya Pradesh. Building on this momentum, the state government intends to hold subsequent summits in Rewa, Sagar, and Gwalior in the coming months, culminating with a global investors’ conference in Bhopal in February 2025.
Addressing the summit, CM Yadav expressed delight in India’s quick economic progress, pointing out that the country had surpassed Britain, which had controlled it for 250 years, to become the world’s fifth-largest economy within 70-75 years after independence.
“It feels so nice to hear that we have become the world’s fifth largest economy in just 70-75 years after surpassing those who looted us for 250 years,” said Union Finance Minister Yadav.
The day-long event in Jabalpur is a crucial step forward in Madhya Pradesh’s ambition to become an industrial powerhouse, drawing investments from a variety of industries and providing countless job opportunities for its inhabitants.
