Bhopal (Madhya Pradesh): Investment proposals worth ₹32,520 crores were received during the 7th Regional Investor Summit held on Shahdol on Thursday. These investments are expected to generate around 30,925 job opportunities in the region. Torrent Power Limited made the largest investment proposal, amounting to ₹18,000 crores, focusing on the energy sector.
Chief Minister Mohan Yadav expressed that the investment proposals for Shahdol, Anuppur, and Umaria districts of the Shahdol division are highly encouraging. He emphasized that while these districts hold religious significance, their development had been stagnant for years. He stated that the time has now come to transform the region, setting a target to develop Shahdol as an industrial hub.
Reflecting on past efforts, the Chief Minister noted that all necessary work related to the Memorandums of Understanding (MoUs) from the previous six regional summits has been accomplished. He assured that every youth in the state would receive employment opportunities aligned with their skills and pledged to double the state's GDP within the next five years.
Highlighting investment-friendly policies, he said that there is no shortage of industrial labor in the state. Special incentives are being offered to industries in sectors like tourism, Information Technology, and ready-made garments.
Earlier, six regional investor summits in the state had attracted investment proposals worth more than ₹4 lakh crores, which are projected to create over 3 lakh jobs.
Deputy Chief Minister Rajendra Shukla remarked that the investments would provide a new direction for the development of Shahdol division, which is rich in natural resources.
Key Highlights from the Summit:
Over 40 investors participated in the Shahdol Regional Investor Conclave.
Naveen Kumar Singh, Vice Chairman of Torrent Power Limited, praised the state’s favorable investment policies and the timely approval process for proposals.
Principal Secretary for Industrial Policy and Investment Promotion, Raghvendra Singh, elaborated on the vast investment opportunities available in the state.
Sector-Specific Investments:
CM Mohan Yadav held one-on-one meetings with investors during the summit:
Kamal Kishore Sharda, CMD of Sharda Energy and Minerals, proposed establishing an integrated steel plant under a Greenfield Project.
Naveen Singh, Vice President of Torrent Power, discussed plans to install an 800 MW thermal power project with an investment of ₹18,000 crores.
Ravi Kumar, Reliance Group Business Head (Coal-Based Methane), proposed a methane gas extraction project.
Additionally, three sectoral sessions were organized during the conclave.
