Now Reading: MP CM Mohan Yadav touts Rs 10 lakh crore investment at ET forum
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MP CM Mohan Yadav touts Rs 10 lakh crore investment at ET forum
Madhya Pradesh Chief Minister Mohan Yadav said at the Economic Times World Leaders Forum that the state has abolished over 900 laws hindering businesses and now makes land available for business purposes…
Madhya Pradesh Chief Minister Mohan Yadav said at the Economic Times World Leaders Forum that the state has abolished over 900 laws hindering businesses and now makes land available for business purposes within 29 days. He stated that investments worth Rs 10 lakh crore have been made in the state, with work having commenced on these projects.
Yadav highlighted that 37 of the state's 55 districts currently export goods, and efforts are underway to enable exports from all 55 districts, with Rs 88,000 crore being invested in the export sector. He also said the state plans to increase its clean-energy capacity from the current 31 GW to 50 GW.
The chief minister noted developments in aviation, telecom, and defence, including five airports completed under his government and an investment of Rs 5,500 crore in telecom from Delhi. He said a water-sharing arrangement with Rajasthan brought benefits worth Rs 50,000 crore to Madhya Pradesh.
Indian Opinion Analysis
The Rs 10 lakh crore figure, if realised, would be among the largest investment commitments for any Indian state in recent years. Madhya Pradesh competes with Gujarat, Maharashtra, and Uttar Pradesh for industrial capital, and its pitch of land in 29 days and 900-plus law repeals is a direct bid to improve its Ease of Doing Business ranking. The state's current clean-energy capacity of 31 GW is modest against its 50 GW target, a gap that will test its ability to attract renewable investors. The next concrete signal will be the ground-breaking dates for the announced projects, which will show how many of these commitments turn into operational factories.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
