At a regional industry conclave on Wednesday, the Madhya Pradesh government secured investment proposals worth Rs 8,000 crore across various sectors, with the Adani Group committing Rs 3,500 crore for two major projects.
Karan Adani, CEO of Adani Ports and SEZ, announced that the group will establish a 2 million tonne per annum cement grinding unit in Guna and a propellant production plant in Shivpuri. These projects, revealed at the industry conclave in Gwalior, are expected to generate over 3,500 jobs, both directly and indirectly. The Shivpuri plant aligns with the government’s goal of making India a defense exporter, Adani noted.
The Adani Group has already invested more than Rs 18,000 crore in Madhya Pradesh across sectors including cement, defense, road infrastructure, thermal and renewable power, and transmission. Earlier this month, Ambuja Cement, part of the Adani Group, announced plans for a six million tonne per annum grinding unit in Bihar, with an investment of Rs 1,600 crore.
Adani Cement, the country’s second-largest cement producer, aims to increase its production capacity from 80 million tonnes to 140 million tonnes by 2028. In addition to Adani’s plans, Reliance has expressed interest in investing in renewable gas and compressed biogas projects within the state, which are expected to create 2,000 jobs in rural areas.
Madhya Pradesh Chief Minister Mohan Yadav highlighted the state’s efforts to attract investment and promote sustainable development, noting that under Prime Minister Narendra Modi’s leadership, India has become the world’s fifth-largest economy.
The Chief Minister outlined plans to open four new industrial parks in Gwalior, Shivpuri, Guna, and Morena districts. At the conclave, Union Minister Jyotiraditya Scindia emphasized the significance of Gwalior as a center for innovation and growth, advocating for the establishment of a world-class hospital in the city and the development of Gwalior as a “Counter-Magnet City” for the National Capital Region, as envisioned by his late father, Madhavrao Scindia. These investments and initiatives are part of the state’s broader strategy to prepare for the ‘Global Investors Summit 2025,’ scheduled for February 7-8, 2025, in the state capital.
