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The MP Birla Group plans to spend ₹3,500 crore in a new cement factory in Badnagar, Ujjain, marking a substantial industrial growth in Madhya Pradesh. Sandeep Ghosh, Managing Director and CEO of the MP Birla Group, made the announcement at an interactive session on Madhya Pradesh investment prospects held in Kolkata. The factory will be the group’s third cement facility in the state, after Satna and Maihar. Ghosh noted that Madhya Pradesh has been an important investment destination for the group.
The event, attended by 700 representatives from India and abroad, included prominent industrialists such as ITC Ltd Chairman and CII President Sanjiv Puri, Tata Steel MD Sandeep Kumar, and Swara Hygiene MD Alok Birla. It also highlighted a total of ₹19,270 crore in new investment proposals across various sectors. These plans cover food processing, chemicals, steel, plastics, and renewable energy, and they are estimated to generate nearly 10,000 new employment in the state.
The investment offers included ₹5,425 crore from Himadri Chemicals, ₹5,000 crore from Shyam Metallics, and ₹2,500 crore from Jupiter Solar. Swara Hygiene’s Alok Birla discussed his company’s success story, mentioning the choice to relocate operations from Kolkata to Indore in 2017. Since then, Swara Hygiene’s investment in Madhya Pradesh The company’s investment has increased from ₹40 crore to ₹500 crore, with plans for another ₹300 crore.
Madhya Pradesh Chief Minister Mohan Yadav, who spoke during the event, offered an open invitation to businessmen, assuring them that the state is fully prepared to help enterprises with favorable laws, administrative support, and incentives. He underscored Madhya Pradesh’s commitment to fostering a peaceful economic climate, as well as the government’s willingness to give whatever aid required for industrial growth.
Several presentations were given by important officials from Madhya Pradesh’s Industrial Policy and Investment Promotion Department, including Principal Secretary Raghavendra Singh, who discussed the state’s industrial policies, superior infrastructure, and investment incentives. Sanjay Dubey, Additional Chief Secretary of the Science and Technology Department, discussed potential investment opportunities in the IT and ITES industries. Anurag Chaudhary, MD of the State Mining Corporation, emphasized Madhya Pradesh’s abundant natural resources and mining possibilities.
The event highlighted Madhya Pradesh’s growing reputation as a top investment destination in India, with corporate executives from a variety of industries praising the state’s aggressive industrial policies, stable administration, and attractive investment climate.