M.P. receives investment proposals over ₹11,000 crore from Spain and Dubai, says CM Yadav
Prominent potential investment secured on the visit to two nations included a ₹2,750 crore proposal from Dubai-based BNW Developers in the infrastructure sector and a ₹4,000 crore proposal from the Chempolis Oy of the AM Greens group in the biofuel sector.
The total proposals received amounted to ₹11,119 crore that are expected to create more than 14,000 employment opportunities in the State, Mr. Yadav said.
Apart from this, an MoU worth ₹4,318 was signed between the M.P. State Electronics Development Corporation Ltd. and Submer Technologies in Spain to explore the possibility of setting up a 1 gigawatt capacity artificial intelligence (AI)-ready green data centre in the State.
Mr. Yadav, who concluded his week-long trip focused on bringing investment to the State, held various events in the two places to present the State as a potential business destination for foreign businesses in various sectors, including textile, tourism, digital infrastructure, film production and renewable energy.
The State Government also signed multiple MoUs with various companies and institutions, including a film co-production MoU with the Spain Film Commission to attract Spanish production houses to the State.
Mr. Yadav's visit was part of his government's initiative 'Invest Madhya Pradesh - Global Mission 2025' as government has declared 2025 as the industry and employment year.
Earlier, Mr. Yadav has travelled to England, Germany and Japan to attract investment into the State.
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