Madhya Pradesh has secured investment proposals worth INR 3,200 crore in a single day during an interactive session held in Bengaluru on August 7-8, 2024. The event, organised by Invest Madhya Pradesh, drew over 500 participants, including leading industrialists and investors from the IT, textiles, aerospace, and pharmaceutical sectors.
Among the significant proposals, Google Cloud announced plans to establish a startup hub and Center of Excellence in the state. Chief Minister Mohan Yadav shared that these initiatives aim to enhance the local skilled workforce.
Meanwhile, chip giant NVIDIA suggested creating a blueprint to transform Madhya Pradesh into the “Intelligence Capital of India.”
The session also saw participation from more than 15 international diplomatic missions and major companies like Infosys, Cognizant, and TCS, further solidifying Madhya Pradesh’s reputation as a prime investment destination.
Chief Minister Yadav highlighted that the proposals could generate approximately 7,000 new jobs in the state, providing a substantial boost to the local economy.
“Discussions were held with these companies regarding the development of information technology in Madhya Pradesh and their future plans, and I am hopeful that with the kind of positive response that we have got, we will witness many IT companies setting up their campuses in Madhya Pradesh,” he said.
In February, Google had signed an MoU with the Maharashtra government to advance scalable AI solutions in sectors like agriculture and healthcare. The recent proposals in Madhya Pradesh signal a continued commitment from tech giants to invest in India’s technological growth.
