CM Mohan Yadav stated that Madhya Pradesh is on a new trajectory of progress. The government’s policies have created a strong sense of trust among investors. Entrepreneurs, industrialists, traders, and businessmen across the state are highly enthusiastic. “We are moving forward with a new vision, renewed energy, and unwavering commitment to promoting entrepreneurship. We have removed all obstacles to facilitate business operations in the state. Just establish your industries, and our government will provide all the necessary support—from setting up your business to its successful operation—along with incentives,” said CM Dr. Yadav. He was addressing an Industrial Investment Subsidy Distribution Ceremony organized by the Department of Industrial Policy & Investment Promotion and the Micro, Small, and Medium Enterprises Department at a private hotel on Tuesday.
On this occasion, CM Mohan Yadav transferred Rs. 1,075 crore to approximately 2,500 micro, small, and medium enterprises (MSMEs) and Rs. 703 crore to large scale industries, totaling Rs. 1,778 crore in industrial investment subsidies. The subsidy amount was transferred directly into the bank accounts of entrepreneurs through Direct Benefit Transfer (DBT) in a single click. “The increasing confidence of entrepreneurs in our state is our biggest asset. The Global Investors Summit (GIS) received an overwhelming response. Every investor in Madhya Pradesh is welcomed and respected. We have supported both small and large industries and have ensured their inclusion in the new state budget. Last year, we transparently transferred Rs. 5,260 crore in industrial investment subsidies via DBT. This initiative will continue in the future,” he added.
CM Mohan Yadav highlighted that the state government has introduced a new industrial policy to take Madhya Pradesh’s industrial development to new heights. Under the leadership of Prime Minister Narendra Modi, the Global Investors Summit (GIS) 2025 in Bhopal was a massive success, securing investment proposals worth Rs. 30.77 lakh crore. The state government has already started the groundbreaking and inauguration of industrial units at the divisional level. The land allocation and financial incentives for these units mark the next phase of investment promotion following GIS.
CM Dr. Yadav further emphasized that, for the first time, the state government has proactively identified investment opportunities and organized seven regional investor summits, achieving remarkable success. Both domestic and international investors have shown great enthusiasm for the state’s industrial and economic growth. PM Modi, in the inaugural session of GIS, encouraged industrialists and traders with his investment insights, stating that “now is the right time to invest in Madhya Pradesh, a land full of opportunities.” Expressing gratitude to the industry department and investors for GIS’s success, CM Yadav said that both the state government and investors have lived up to PM Modi’s vision. To encourage industrial growth, the DBT mechanism is being used to directly transfer incentives, ensuring that both small and large investors receive equal support from the government.
CM Mohan Yadav reaffirmed that in alignment with PM Modi’s ‘Developed India @ 2047’ vision, the Madhya Pradesh government aims to double the state’s budget within the next five years. For the 2025-26 financial year, the government has presented a budget of Rs. 4.21 lakh crore, with industrial development allocations increased by 1.5 times. Additionally, 2025 has been declared as the ‘Year of Industry, ‘ and various industrial development activities will be conducted across the state throughout the year.
IT Sector Conclave to be Held on April 27 in Indore
CM Mohan Yadav announced that after the successful organization of the Global Investors Summit (GIS) and Regional Investors Conclaves (RIC), the state will now launch sector-based industry conclaves at the district level. The first such IT Sector Conclave will be held in Indore on April 27. The state government will promote industrial activities within Madhya Pradesh along with attracting investors from outside the state through roadshows. The foundation stone laying and inauguration of industries across all ten divisions of Madhya Pradesh has already begun, starting from Bhind in the Chambal region, followed by the second phase in Ujjain, where 27 industrial units have been inaugurated. The government is actively consulting international business consultants and experts to provide a new direction to trade and industries. This industrial growth momentum will continue in the state.
“Sabka Saath, Sabka Vikas is the Essence of the Double-Engine Government”: Minister Sarang
Minister of Sports, Youth Welfare, and Cooperation Mr. Vishwas Kailash Sarang stated that under the leadership of Prime Minister Narendra Modi and CM Mohan Yadav, Madhya Pradesh has embarked on a new industrial revolution. The state is making remarkable progress across all sectors. He praised CM Dr. Yadav for delivering on his promises and said that the state’s and nation’s economies are growing rapidly. He emphasized that “Sabka Saath, Sabka Vikas” and national development are the core principles of the double-engine government. The successful execution of the Global Investors Summit (GIS) has opened new avenues for Madhya Pradesh’s development, and the government is fully committed to helping industries establish and grow.
Process Underway to Establish 20 New Industrial Centers: Minister Kashyap
Minister of Micro, Small, and Medium Enterprises (MSME), Mr. Chaitanya Kumar Kashyap thanked industrialists for their confidence in Madhya Pradesh’s growth potential. He stated that the transfer of Rs.1,778 crore in incentive funds to industries through a single-click system reflects the state government’s commitment to industrial development. He further announced that, for the first time in India, the government has decided to disburse all pending industry incentives for schemes valid until March 31, 2025, in a single installment. He highlighted that under CM Mohan Yadav leadership, new industrial development schemes are being formulated and implemented swiftly, which has significantly boosted investor confidence in the state. The investment commitments received during GIS are now materializing into real projects. The state government is dedicated to empowering youth through job opportunities, and 20 new industrial centers are in the pipeline. He also expressed gratitude to CM Dr. Yadav for renaming CM Rise Schools as “Sandipani Vidyalaya”, aligning with the vision of ‘From Heritage to Development.’
Plans to Establish a Research & Development Center: B. Srinivasan
Mr. B. Srinivasan, CEO of Volvo-Eicher (VE) Commercial Vehicles Ltd., praised the industry-friendly policies of the Madhya Pradesh government. He acknowledged the government’s efforts to support industrialists through financial incentives. Currently, Volvo-Eicher operates eight plants in Madhya Pradesh and plans to set up a new facility in Ujjain. A fully women-operated electric truck manufacturing unit has been established in Bhopal. The company is also actively working on plans to establish a Research & Development Center for the automotive sector.
He expressed gratitude to CM Mohan Yadav and MPIDC for their continuous support and said that Madhya Pradesh’s investor-friendly policies are attracting businesses from across sectors.
Women’s Hostels for Industrial Workers in Madhya Pradesh
The Principal Secretary of Industrial Policy & Investment Promotion, Mr. Raghavendra Kumar Singh, outlined the state government’s initiatives to promote industrial growth. In line with PM Modi’s vision, the government has approved a Rs. 290 crore project to construct hostels for female workers within industrial complexes. These hostels will be developed in Ujjain, Pithampur, Malanpur, Jhabua, and Dewas industrial areas. The government is fully committed to providing all necessary support to industries, ensuring that investment proposals are swiftly executed.
Vardhman Group Announces Rs. 3,000 Crore Investment
During the Industrial Incentive Distribution Ceremony, Vardhman Group Director Mr. T.C. Gupta announced that the group would invest Rs.3,000 crore in a new industrial unit in Madhya Pradesh. He praised the state government’s efforts in building investor trust, stating that Madhya Pradesh has successfully emerged as a preferred investment destination.
The event was attended by regional MLA Shri Bhagwandas Sabnani, Sagar Group MD Shri Siddharth Agarwal, MPIDC Managing Director Shri Chandramouli Shukla, and several prominent industrialists, business leaders, and investment association representatives from across the state.