The MP Government’s regional industry conclave secured investment proposals of around 8,000 INR-Crore across diverse sectors. The conclave attracted substantial investments from major industries, expecting to create over 35,000 jobs.
At the MP conclave, held on Wednesday, August 28, over 2,500 MSMEs expressed their interest in investing an estimated 5,000 INR-Crore. Key projects under this include: Madhya Pradesh Industrial Development Corporation (MPIDC)’s four new industrial parks under its Gwalior Regional Office.
These industrial parks will be set up at:
- Mohna, Gwalior district: covering an area of approximately 210 Hectares.
- Gurawal, Shivpuri district: spanning around 30.64 Hectares.
- Chainpura, Guna district: extending over 334 Hectares.
- Mavai, Morena district: covering an anticipated 210 Hectares.
Also Read: India’s Industrial Landscape in FY 2023-24: A Zone-wise Analysis – Part 1 of 4
Furthermore, the government will set up a jacket production unit operated by women as part of its women empowerment initiative. The Minister of Communications, Jyotiraditya Scindia, also urged establishing a world-class hospital on vacant land in Gwalior. He advocated for developing Gwalior as a “Counter-Magnet City” of the National Capital Region (NCR), during the MP conclave.
In addition to these government investments, Reliance Industries also announced its plans to invest in renewable gas and compressed biogas projects within the state. These ventures will initially create around 2,000 jobs in rural areas. Moreover, Adani Group announced the plans to invest an estimated 3,500 INR-Crore in two of its plants. The company will set up a 2 MTPA cement grinding unit in Guna and a propellant production facility at Shivpuri.
The MP Conclave stands as a pivotal event, showcasing the state’s commitment to fostering substantial investments and driving economic growth across the region.
Biltrax Construction Data is tracking 32,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0
