
MP: Investment proposal worth around Rs 1950 crore received at Ujjain's Spiritual and Wellness Summit 2025
He also highlighted that the state is ready to lead India's wellness mission and is becoming the country's leading spiritual and wellness destination, a major attraction for investors in this sector.
'Madhya Pradesh is ready to lead India's wellness mission. Investment proposals worth about Rs 1950 crore were received in the Spiritual & Wellness Summit-2025 held in Ujjain today. Our Madhya Pradesh is now becoming the country's leading spiritual and wellness destination and is becoming a center of attraction for investors in this sector. In the coming times, our state can become a global engine of the wellness sector with spiritual power,' CM Yadav said in a post on X.
He further emphasised that Spiritual advancement is also important for the making of 'Viksit Madhya Pradesh-Viksit Bharat'. In such a situation, investment-friendly policies of the state will prove helpful in achieving the goal. On this occasion, the company of Pujya Swami Chidananda Saraswati ji was also received.
The CM added that inspired by Prime Minister Narendra Modi's visionary initiatives like 'Heal in India' and 'Lifestyle for Environment (LiFE)', Madhya Pradesh is being developed as a global centre for holistic lifestyle and wellness innovation.
He described the summit as a transformative initiative where policy, investment, spirituality, and social welfare converged and affirmed that Madhya Pradesh is ready to lead India's wellness mission as its global engine.
CM Yadav also held 14 One-on-One meetings with investors from the wellness and hospitality sectors, discussing ground-level requirements, investment-friendly policies, and priority areas. (ANI)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
3 minutes ago
- Business Standard
Brookfield India REIT Q1 net operating income rises 13% to ₹499 crore
Brookfield India Real Estate Trust has posted 13 per cent increase in its net operating income to Rs 498.6 crore for the first quarter of this fiscal year and announced plans to raise up to Rs 1,000 crore through issue of preferential units to investors. Its Net Operating Income (NOI), which is revenue from operation minus direct operating expenses, stood at Rs 439.9 crore in the year-ago period, according to a regulatory filing on Friday. The company, an institutionally managed real estate investment trust (REIT) backed by rent-yielding office assets, announced distribution of Rs 319 crore to unitholders (Rs 5.25 per unit) for June quarter of 2025-26 fiscal. Brookfield India REIT also plans to raise up to Rs 1,000 crore through issue of preferential units to investors. It will issue up to 3.23 crore units at Rs 310 per unit. "The fiscal year began on a strong note with healthy leasing momentum, robust occupancy levels, and continued growth in distributions," said Alok Aggarwal, Chief Executive Officer and Managing Director, Brookfield India REIT. He noted that the company's operating performance remains resilient on steady demand for its high-quality assets across key markets. The company leased 6.51 lakh square feet area in the June quarter. The occupancy level has improved to 89 per cent. "Our proposed fund raise of Rs 10 billion through preferential issue will further strengthen our ability to pursue large growth opportunities," Aggarwal said. The board has approved a preferential issue of Rs 1,000 crore to a mix of investors including corporate treasuries, family offices and high net-worth individuals. "This fund raise, combined with the Rs 3,500 crore raised in December 2024, will strengthen our capacity to pursue large growth opportunities," the company said. Brookfield India REIT also said that it is in talks with the sponsor group for potential acquisition of grade A properties across Bengaluru and Chennai. The REIT has 10 Grade A commercial assets in Delhi, Mumbai, Gurugram, Noida, Kolkata. Its portfolio consists of 29 million square feet of total leasable area, comprising 24.5 million square feet of operating area, 0.6 million square feet of under construction area and 3.9 million square feet of future development potential. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Indian Express
3 minutes ago
- Indian Express
Punjab Vigilance conducts searches at real estate baron Ranjit Singh Gill's residence, hours after he joined BJP
Less than 12 hours after prominent Punjab real estate developer Ranjit Singh Gill was inducted into the BJP by Haryana Chief Minister Nayab Singh Saini, the Punjab Vigilance Bureau conducted a search at his Sector 2 residence in Chandigarh on Saturday. The search was ongoing till this report was filed. No one was being allowed to enter or leave the premises. Gill is the founder of the Gillco Group, a real estate development company based in Mohali, Punjab, and was the 'halka in-charge' of Kharar for the Shiromani Akali Dal (SAD) till he quit the party in July. He was widely tipped to join Aam Aadmi Party (AAP), especially after the sitting Kharar MLA Anmol Gagan Maan announced her resignation and decision to quit politics on July 19. However, she took back her resignation the very next day. Gill is a real estate baron and agrarian entrepreneur who began his career in real estate in Ropar in 1990 before moving to Kharar, where he founded the Gillco Group. The company is known for developing luxury residential, commercial, entertainment, and educational projects, including the notable Gillco Valley township, one of the largest in Mohali, spread over nearly 200 acres. Beyond his business ventures, Gill has been politically active. He was a close confidant of SAD president Sukhbir Singh Badal and served as the party's general secretary. He contested the Punjab Assembly elections from Kharar in 2017 and 2022 on an SAD ticket but was unsuccessful, finishing third in 2017 and losing to Mann in 2022. Gill's assets were reported to be worth Rs 74 crore in 2022, a significant increase from Rs 29 crore in 2017, as per his election affidavit. He faced an income tax raid in December 2022 at his Gillco Valley office and residences in Chandigarh, alongside associates, with cash recovered during the operation. Additionally, an FIR was registered against him in 2021 under the Disaster Management Act for gathering more than 10 people against the district commissioner's prohibitory orders in force.


India.com
3 minutes ago
- India.com
Despite USA Tariff Pressure, RBI Is Expected To Cut Key Rates As India Pushes For Growth
New Delhi: The Reserve Bank of India (RBI) is expected to announce a 25 basis points (bps) cut in the repo rate during its Monetary Policy Committee (MPC) meeting scheduled from August 4 to 6, 2025, according to a State Bank of India (SBI) report. The report describes this frontloaded rate cut as an "early Diwali" boost that could stimulate credit growth ahead of the festive season in FY26, which is also frontloaded. Historical data shows that a similar 25 bps cut in August 2017 resulted in an incremental credit growth of Rs 1,956 billion by Diwali, with nearly 30 percent of this in personal loans. Diwali, being one of India's major festivals, typically sees increased consumer spending, and a lower interest rate environment helps drive credit demand during this crucial period. The report highlights that credit growth strongly picks up when an early festive season is preceded by a rate cut. It also notes that inflation has remained within RBI's target band for several months, so maintaining a restrictive policy stance risks causing output losses that are difficult to reverse. Monetary policy effects come with a lag; thus, waiting for inflation to decline further or visible growth slowdown before cutting rates could harm the economy more severely. The report suggests that the cost of inaction is significant, while the marginal benefit from waiting is limited. Furthermore, central banks have a dual mandate to maintain price stability and support output stabilization. The report warns against a Type II error — failing to cut rates now assuming low inflation is temporary — which may prolong low inflation but worsen the output gap. In summary, with factors like tariff uncertainties, GDP growth, CPI forecasts for FY27, and the early festive season in FY26 all frontloaded, RBI's anticipated 25 bps repo rate cut aims to balance inflation control with boosting economic growth and credit expansion before the important Diwali period.