Daijiworld Media Network - Bhopal

Bhopal, Feb 25: Madhya Pradesh kicked off its Global Investors Summit with a bang, securing investment commitments worth Rs 4 lac cr from industry giants like Adani Group, Reliance Industries, NTPC, and Torrent Power across multiple sectors.

Billionaire Gautam Adani announced Rs 1.10 lac cr in pumped storage, cement, mining, smart meters, and thermal energy. Additionally, he pledged another Rs 1 lac cr for a smart city, an airport, and a coal-gasification project in MP, creating over 1.2 lac jobs by 2030.

Reliance Industries committed Rs 60,000 cr for bio-fuel projects, while NTPC and its subsidiary NGEL signed an MoU with MPPGCL to develop 20 GW of renewable power, with an investment of Rs 1.2 lac cr. NTPC also plans to invest another Rs 80,000 cr in greenfield nuclear power plants.

Ahmedabad-based Torrent Power pledged Rs 26,500 cr in renewable energy, while Avaada Energy announced Rs 50,000 cr for solar, wind, pump hydro, and battery storage projects.

Financial giants PFC and REC committed lending support of Rs 26,800 cr and Rs 21,000 cr, respectively, while OPG Power Generation promised Rs 13,400 cr for battery storage, small modular reactors, green hydrogen, and hybrid energy projects.

The Indo-European Chamber of SMEs, Germany India Innovation Centre, and Indo-German Chamber of Commerce also signed MoUs with MP Industrial Development Corporation to boost industrial growth.

Chief Minister Mohan Yadav hailed the massive investment influx, calling it a testament to MP’s growing prominence as an investment hub and India's leadership in global economic progress. More investment details are expected as the summit concludes.