Chief Minister Dr. Mohan Yadav held one-to-one meetings with the top leadership of leading industrial groups in Mumbai on Thursday to accelerate industrial investment in Madhya Pradesh. The meetings explored investment opportunities in pharmaceuticals, textiles, semiconductors, industrial gases, power transmission, tyres, IT and infrastructure, with industry groups expressing interest in setting up new units and expanding existing investments in the state.
During the programme, various industrial groups presented investment proposals worth around ₹90,000 crore across renewable energy, textiles, pharmaceuticals, IT, automobiles, real estate, chemicals and other sectors. These proposals are expected to generate around 14,375 jobs in the state.
The proposals include ₹71,289 crore in renewable energy, ₹5,000 crore in textiles, ₹2,280 crore in pharmaceuticals, ₹1,000 crore in real estate, ₹200 crore in IT and ₹400 crore in the chemical sector.
Chief Minister Dr. Yadav said the state’s central location, availability of land for industrial development, expanding infrastructure and skilled workforce offer significant opportunities for industry. The government is working to ensure easy access to land, power, water, roads, energy and other essential facilities. Implementing investment proposals on the ground and creating new employment opportunities for youth remain key priorities of the state government. He invited industry leaders to invest and expand in Madhya Pradesh and assured them of full government support in setting up their units.
At the Interactive Session on Investment Opportunities in Madhya Pradesh in Mumbai, Chief Minister Dr. Yadav held one-to-one meetings with the leadership of RPG, Welspun, Inox, Bhilosa, Ipca and Sun Pharma. The meetings focused on investment plans across sectors, potential locations, project implementation, industrial infrastructure and required incentives.
RPG Group Shows Interest in Transmission, Tyre and IT Investments
Chief Minister Dr. Yadav met RPG Group Chairman Harsh Goenka to discuss investment opportunities in power transmission, tyre manufacturing and IT. Harsh Goenka expressed interest in investing in the power transmission sector in Jabalpur. The meeting also explored opportunities to establish new units by leveraging Madhya Pradesh’s industrial infrastructure, strategic location and investor-friendly policies.
Ratlam, Sagar and Jabalpur emerged as potential locations for a tyre manufacturing unit. The group expressed interest in assessing the industrial infrastructure and requirements at these locations. The meeting also explored the possibility of utilising the plug-and-play facilities at Ujjain’s IT Built-up Park, with the group also planning visits to potential investment sites to assess their business prospects.
The group’s major companies include KEC International, CEAT and Zensar Technologies. RPG Group has a long-standing association with Madhya Pradesh, while KEC International has contributed to the development of the state’s power transmission infrastructure.
Welspun Group to Explore Investment in Technical Textile Park
Discussions with Welspun Enterprises Limited Managing Director Sandeep Garg focused on investment plans in pipe manufacturing, technical textiles and infrastructure. The group expressed interest in developing a technical textile park on mill land and establishing an anchor unit at the proposed park. A team from the group will visit the site for assessment.
The meeting also covered Welspun Corp’s proposed ₹150-crore investment in MS line pipes and Sintex’s ongoing ₹700-crore investment. The group’s operations in Raisen and Dewas, including its pipe manufacturing and textile activities, were also discussed. Welspun Group will also explore participation in road and highway construction and other infrastructure projects in Madhya Pradesh. Investment and participation opportunities in water and wastewater management projects were also discussed.
Inox to Establish Ultra-High-Purity Semiconductor-Grade Silane Gas Plant
Chief Minister Dr. Yadav discussed investment opportunities in industrial gases and semiconductors with Inox Air Products Limited Managing Director Siddharth Jain. The company has proposed an investment of ₹1,260 crore to establish India’s first ultra-high-purity semiconductor-grade silane gas plant in Madhya Pradesh. Production is targeted to commence in April 2029.
The project is expected to facilitate import substitution worth around ₹350 crore and create more than 320 local jobs. A potential investment of around ₹1,200 crore was also discussed for producing specialty gases used in semiconductor manufacturing with the latest technology. The project would require around 40 acres of land. Discussions also covered natural gas availability and supply through the GAIL network. Investment incentives, financial assistance, interest subsidies, a ₹2-per-unit electricity subsidy, electricity duty exemptions, a customised incentive package and time-bound approvals were also discussed. The company has operated in Indore and Bhopal since 2000. In June 2023, it established a liquid medical oxygen plant in Madhya Pradesh. It is also working on new on-site gas generation units and a solar-linked nitrogen pipeline in Narmadapuram.
Bhilosa Presents Plan for Phased Investment of ₹7,500 Crore
Bhilosa Industries Managing Director Sandeep Jain presented a proposal for phased investment of ₹7,500 crore in Madhya Pradesh, centred on PM MITRA Park in Dhar, with around 3,750 employment opportunities. The company plans to begin with an initial capital investment of around ₹2,500 crore and scale up the total investment in phases.
Discussions covered 200 acres for textile manufacturing and an additional 100 acres for ancillary units at PM MITRA Park. The land selection process is reportedly at an advanced stage. The company has targeted commencement of production from 2028. The meeting also explored the development of an integrated manufacturing ecosystem for polyester yarn, fibre, knitted fabric and man-made fibre-based non-garment fabric in the Dhar-Indore region, along with opportunities for developing micro and small ancillary units. Chief Minister Dr. Yadav assured the group of investor-friendly policies, transparent processes and necessary government support.
Ipca Proposes ₹1,080 Crore Investment in Dewas and Ujjain
Chief Minister Dr. Yadav discussed proposed projects with Ipca Laboratories Limited Managing Director and Chief Financial Officer Ajit Kumar Jain. The company has proposed an investment of around ₹1,000 crore in Dewas and ₹80 crore at Vikram Udyogpuri, Ujjain.
The two projects are expected to create around 1,500 jobs, including approximately 1,000 in Dewas and 500 at Vikram Udyogpuri.
The meeting also explored the possibility of Ipca joining the upcoming Biotech Park in Ratlam. The area has a large land bank and an eight-lane expressway passes nearby. Support required for implementing the proposed projects was also discussed.
Ipca has seven manufacturing facilities in Ratlam, Pithampur, Indore, Bhopal and Dewas, providing around 7,000 direct and indirect jobs.
Sun Pharma’s Pithampur Project and Solar Power Investment Discussed
Chief Minister Dr. Yadav discussed the implementation of Sun Pharmaceutical Industries Limited’s proposed ₹3,000-crore greenfield project in Pithampur with Executive Chairman Dilip Shanghvi. The project will include drug formulation manufacturing facilities serving India, the US, Europe and other markets. It is expected to create more than 1,750 jobs, including around 1,250 direct and 500 indirect employment opportunities.
Land-related issues, resolution of local constraints, necessary approvals and infrastructure requirements for the project in Sector 7, Pithampur, were discussed. Chief Minister Dr. Yadav directed officials to facilitate the relevant processes and ensure essential infrastructure, including water, electricity and roads, by December 2026. The meeting also discussed exemption from plot transfer and re-registration charges and necessary amendments to the incentive-related order.
Chief Minister Dr. Yadav assured support in identifying and allotting suitable land for the company’s proposed large solar power project. Incentives, infrastructure and approvals for the solar project were also discussed.
Dilip Shanghvi expressed interest in the proposed Pharma Park in Ratlam and said the company would consider investment opportunities if the park is established.
Sun Pharma has been operating in Dewas since 1984. Its formulation and API plants in Madhya Pradesh employ around 3,958 people.
