A day-long investor summit held in Kolkata has reportedly resulted in investment proposals worth around Rs 20,000 crore for the central Indian state of Madhya Pradesh.

The event, hosted in the ‘City of Joy,’ attracted 700 delegates, including industrialists and investors from both India and abroad. Prominent attendees included Sanjiv Puri, President of the Confederation of Indian Industry (CII) and Chairman and Managing Director of ITC Limited; Sandeep Ghosh, MD and CEO of MP Birla Group; and Sandeep Kumar, MD of Tata Steel Downstream Product Limited (TSDPL).

The investment proposals are expected to create over 9,450 jobs across various industrial sectors, including food processing, chemicals, cement, steel, plastic, and renewable energy.

The most significant announcement came from the MP Birla Group, which plans to establish a Rs 3,500 crore cement unit in Badnagar, located in Ujjain district, the home area of Chief Minister Dr. Mohan Yadav.

Other notable investments include a proposed Rs 5,425 crore investment by Himadri Chemicals and a Rs 5,040 crore proposal from Shyam Metalics and Energy.

During discussions with Chief Minister Yadav, industrialists and investors raised the issue of establishing direct flights connecting Kolkata with Jabalpur and Bhopal.