MP Secures Rs 32,500 Cr In Investments, Focusing On MSME Growth: RIC 2025
Updated: Jan 18, 2025 02:35:19pm

MP Secures Rs 32,500 Cr In Investments, Focusing On MSME Growth: RIC 2025
Bhopal, Jan 18 (KNN) The Regional Industry Conclave (RIC) in Madhya Pradesh's Shahdol division has drawn investment proposals totaling over Rs 32,500 crore, with potential employment generation for more than 30,000 people, Chief Minister Mohan Yadav announced on Thursday.
Torrent Power emerged as the largest investor with a proposed investment of Rs 18,000 crore, expected to create approximately 7,000 jobs.
The conclave attracted several other significant proposals, including Rs 3,300 crore from Bajrang Power and Ispat in the mining sector, Rs 2,500 crore each from Select Builders in renewable energy and Sharda Energy and Mineral Ltd in mining, Rs 1,500 crore from Auro Coal Pvt Ltd, and Rs 1,200 crore from DDTC Exim Ltd in the textile sector.
A notable achievement of the conclave was the issuance of Letters of Intent (LoIs) to 102 industrial units, allocating 401 acres of land.
These preliminary commitments are projected to attract investments of Rs 3,561 crore and generate employment for 9,561 people. The event also witnessed the foundation stone laying and inauguration of 30 units, with 18 located in the Shahdol division.
The Chief Minister emphasised the significance of the MSME sector, announcing the development of three new zones specifically for small and medium enterprises.
Additionally, a new Industrial Park at Gohparu, spanning 51 hectares with an estimated cost of Rs 16.31 crore, was initiated during the conclave.
To support the region's technological advancement, Yadav announced new academic initiatives at UIT Engineering College, including computer science courses with specialised focus on drone technology and Internet of Things (IoT), along with part-time postgraduate mining engineering programs.
The college campus will also see the development of additional facilities including a transit hostel, central workshop, and sports ground.
Particularly noteworthy was the regional focus of the investment proposals, with approximately 95 percent directed towards the Shahdol division, which encompasses Shahdol, Umaria, and Anuppur districts, marking a significant boost for the area's industrial development.
(KNN Bureau)