Madhya Pradesh received investment proposals worth over Rs 23,000 crore at the Regional Industry Conclave (RIC) held in Sagar district. The proposed investments will generate around 28,000 jobs, with a maximum investment of Rs 6,800 crore to be made in the renewable energy sector.

Among the major potential investors, Gitanjali Group has expressed its desire to set up an integrated steel plant in Niwari at a cost of Rs 3,200 crore.

Goyal Group intends to invest Rs 2,000 crore in the cement plant in Panna. Data Centrics has expressed its intent to set up a data center in the Sagar district at a cost of Rs 1,700 crore, while Fly Ola will invest Rs 1,800 crore in the aviation sector.

Addressing the media after the conclave, Chief Minister Mohan Yadav said, “The success achieved by RIC is encouraging. This is also giving local micro, small and medium enterprises (MSMEs) an opportunity to collaborate with big companies.”

The state had received overall investment proposals worth more than Rs 2 trillion, so far, he said, asserting that this trend will continue in the future. The chief minister said that along with big industries in the state, attention is also given to the development of MSMEs.