Madhya Pradesh Attracts ₹8,000 Crore Investment at Industry Meet; Adani Group to Invest ₹3,500 Crore

At the Madhya Pradesh Regional Industry Conclave held on Wednesday, the state government attracted investment proposals worth ₹8,000 crore across various sectors, with the Adani Group alone committing ₹3,500 crore.

Reliance is also planning to invest in renewable gas and compressed biogas projects in the state.

Madhya Pradesh Chief Minister Mohan Yadav, speaking at the event, shared the government’s vision to boost investment, innovation, and sustainable growth in the state. He highlighted that under Prime Minister Narendra Modi’s leadership, India has become the world’s fifth-largest economy and is on its way to becoming the third largest.

The conclave saw significant interest from major industries, with investments totaling ₹8,000 crore and the potential to create 35,000 jobs. Additionally, over 2,500 small and medium enterprises (MSMEs) expressed plans to invest ₹5,000 crore, according to an official.

The Chief Minister also announced that the Madhya Pradesh Industrial Development Corporation (MPIDC) will open four new industrial parks in the Gwalior region. These parks will be located in Mohna (Gwalior district), Gurawal (Shivpuri district), Chainpura (Guna district), and Mavai (Morena district).

He also mentioned plans to establish a world-class hospital in Gwalior with private sector investment.

Adani Group revealed its plan to build a cement grinding unit with a 2-million-tonne capacity in Guna and a propellant production facility in Shivpuri, investing a total of ₹3,500 crore. Karan Adani, Managing Director of Adani Ports and Special Economic Zone Ltd, announced this at the conclave. Additionally, a jacket production unit run by women will be set up as part of a women empowerment initiative.

Vivek Taneja from Reliance Bio Energy shared that Reliance will invest in renewable gas and biogas projects, initially creating 2,000 jobs in rural areas.

Madhya Pradesh Assembly Speaker Narendra Singh Tomar also spoke at the conclave, emphasizing that India’s growing economy, under PM Modi’s leadership, is set to become the third largest in the next five years. He urged the state to play a key role in this achievement and contribute to a developed India (Viksit Bharat) by 2047.

Union Minister Jyotiraditya Scindia highlighted the importance of the event for Gwalior, a city known for its growth and innovation. He praised the Chief Minister for hosting the conclave in Gwalior and demanded the establishment of a world-class hospital in the city and its development as a “Counter-Magnet City” for the National Capital Region (NCR), as envisioned by his late father, Madhavrao Scindia.

The Department of Industrial Policy and Investment Promotion in Madhya Pradesh is actively pushing these initiatives as a preparation for the ‘Global Investors Summit 2025,’ scheduled for February 7-8, 2025, in the state capital.