Madhya Pradesh Unveils Rs 30k Cr Urban Development Investment Plan

Madhya Pradesh's Chief Minister Mohan Yadav has unveiled a comprehensive Rs 30,000 crore investment blueprint for urban development projects. This significant investment is expected to create over 14,000 jobs and boost the state's real estate sector.

The 'Madhya Pradesh Growth Conclave,' organized by the state government on the theme 'Next Horizon: Building Cities of Tomorrow,' was held in Indore. During the conclave, a total investment potential of Rs 30,000 crore was unlocked through Memorandums of Understanding (MoUs), the laying of foundation stones for new projects, and the transfer of funds under various government schemes.

Investment proposals worth Rs 12,473 crore from 15 companies were discussed during the conclave. These projects are expected to generate employment for more than 14,000 people. Urban development projects worth Rs 12,360 crore were announced, with funds allocated for housing, water supply, sewerage, and infrastructure development.

The state's real estate sector offers bright prospects, particularly in the development of integrated townships. Chief Minister Yadav assured investors of speedy approvals for projects, emphasizing the government's commitment to promoting well-planned urbanization. To this end, the state is establishing metropolitan authorities by including areas surrounding major cities.

State Urban Development and Housing Minister Kailash Vijayvargiya highlighted the state government's flexible approach towards industry, asserting that 'our laws are not like Ramayana or Gita that can never be changed.' He added that if needed, the government will amend laws in the future to support development.

During the one-day conclave, CM Yadav interacted with key investors from sectors including hospitality, tourism, real estate, and infrastructure. Over 1,500 stakeholders from the government and private sectors, including industrialists and corporate representatives, participated in the event.

The conclave marked a significant step towards transforming Madhya Pradesh's urban landscape, ensuring sustainable development and economic growth. The state government's proactive approach and commitment to investor-friendly policies are expected to attract more investments and foster a thriving urban environment.