Investment proposals of more than one and a half times the GSDP of MP received
– 22 lakh 50 thousand 657 crore rupees will be invested in state
– 14 lakh 51 thousand 468 people will get employment
Bhopal, Madhya Pradesh has set a new benchmark in investment proposals, marking a historic milestone at the Global Investors Summit (GIS). On the very first day of the summit, investors from across the globe flocked to the state, showering it with commitments that far exceeded expectations. A record-breaking Rs 22.5 lakh crore in investment proposals were received, far surpassing the previous highest by a substantial margin.
The scale of these proposals is staggering, totaling more than one and a half times the state’s Gross State Domestic Product (GSDP). For the 2023-24 financial year, Madhya Pradesh’s GSDP is pegged at Rs 13.63 lakh crore, which makes the investment proposals Rs 8.87 lakh crore more than the state’s total economic output. In addition to this extraordinary financial commitment, the investments are expected to generate 14.5 lakh new jobs, providing a much-needed boost to the state’s employment landscape.
Among the notable investors, the Adani Group has emerged as the frontrunner, pledging a colossal Rs 2.1 lakh crore across multiple sectors. This amount not only exceeds the investments from other entities but also surpasses more than half of Madhya Pradesh’s state budget for 2024-25, which stands at Rs 3.65 lakh crore. The investment proposals during this year’s GIS, held at the Indira Gandhi Rashtriya Manav Sangrahalaya campus in Bhopal, have far outstripped previous events. While the GIS held in Indore in 2023 had set the prior record with Rs 15.24 lakh crore, this summit is poised to leave all previous editions far behind.
The biggest chunk of investment is in the New and Renewable Energy sector, which is set to receive Rs 5.21 lakh crore, accompanied by the creation of 1.46 lakh jobs. Other sectors are also seeing significant growth, with the DIPIP sector alone poised to generate over 3 lakh jobs, while Adani Group’s initiatives are set to provide employment to an estimated 1.2 lakh individuals.
Department wise proposed investment, MoU and proposed employment at a glance
Department – Investment proposal – Potential employment
New and Renewable Energy – 521279 146592
DIPIP – 494314 – 304775
Department of Mineral Resources – 322536 – 55494
Urban Development and Housing – 197597 – 231376
Energy – 147990 – 20180
Public Works Department – 130000 – ……….
Tourism – 64850 – 123799
Science and Technology – 64174 – 183144
Technical Education, Skill Development and Employment-43326 – 51027
MSME – 21706 – 132226
Public Health and Family Welfare – 17205 – 49237
Higher Education – 7043 – 15346
Horticulture & Food Processing – 4729 – 8871
Medical Education – 3908 – 9401
Total – 2040657 – 1331468
Adani Group – 210000 – 120000
Grand Total – 2250657 – 1451468
