MP got Rs 15,606-crore investment proposals during session with Punjab industrialists: CM
'Several notable investment proposals include Trident Group with Rs 5,000 crore and 6,000 jobs, Ralson Tyres Limited (Rs 2,200 crore and 2,000 jobs), Vardhman Industries (Rs 1,581 crore and 2,500 jobs), A B Cotspin Industry (Rs 1,300 crore and 1,500 jobs), and Nahar Group (Rs 1,100 crore and 1,000 jobs), among others… A total of Rs 15,606-crore investment will come, generating nearly 20,275 jobs,' Yadav said. The investment proposals came at a time when Punjab government is claiming of formulating ' ease at business ' in Punjab and days after the newly elected Ludhiana West MLA Sanjeev Arora was made the industry and commerce minister of Punjab. Interestingly, Punjab CM Bhagwant Mann and AAP's national convenor Arvind Kejriwal were also in Ludhiana on Monday when the Madhya Pradesh CM was meeting the industrialists in the same city.
More than 400 delegates, including top honchos from varied industries, took part in the interactive session.
Yadav held detailed one-to-one discussions with key industrialists from sectors like textile, steel, engineering, food processing and chemical, saying 'they were apprised of the government's policies with regard to the industry, and how they can expand their businesses'.
The Madhya Pradesh government further organised a roadshow to attract investors from Punjab. Inviting them to invest in Madhya Pradesh, Yadav said: 'Our government offers several incentives for investors from Punjab… The policies are very attractive, and several investors have evinced keen interest.'
Acknowledging the contribution of industrious entrepreneurs from Ludhiana — with brands like 'Avon' and 'Hero Cycles' gaining global recognition — Yadav noted: 'Punjab's industrialists are key flag bearers of India's economic prosperity… I have invited industrialists from across Punjab, including Ludhiana, to establish their units in Madhya Pradesh — considering our state's rich resources and investor-friendly policies. Trident and Vardhman, whose units are already operational in our state, have indicated further investment too.'
Highlighting sufficient water supply, surplus electricity, a land bank of one lakh acres, and a good road network in his state, Yadav likened Madhya Pradesh to Punjab, calling them 'elder' and 'younger' brothers in grain production, and said: 'Both the states together would drive the national growth… I want you all to expand your work in Madhya Pradesh, while continuing to expand your businesses in Punjab.'
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