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Indian Express
08-07-2025
- Automotive
- Indian Express
MP got Rs 15,606-crore investment proposals during session with Punjab industrialists: CM
Madhya Pradesh received investment proposals worth Rs 15,606 crore at an interactive session with industrialists in Ludhiana, Chief Minister Mohan Yadav on Monday announced during his day-long visit to the industrial hub of Punjab, also known as the 'Manchester of India'. '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.'
Time of India
07-07-2025
- Business
- Time of India
Madhya Pradesh gets investment proposals worth Rs 15,606 crore during interactive session with Punjab industrialists
Madhya Pradesh on Monday received investment proposals worth Rs 15,606 crore during an interactive session that Chief Minister Mohan Yadav held with industrialists. Yadav told reporters that his government offers several incentives for investors in the state. The MP government organised a roadshow here to attract investors from Punjab. Yadav said that Ludhiana, an industrial hub, is also known as the Manchester of India. More than 400 delegates, including top honchos from varied industries, participated in the interactive session. Live Events The chief minister also interacted with more than 15 industrialists in one-on-one discussions, saying they were apprised of the government's policies with regard to the industry and how they can expand their businesses. Sharing details about the investment proposals of 15 companies from Punjab, he said Trident Group has promised to invest Rs 5,000 crore, Ralson Tyres Rs 2,000 crore, the Vardhman Industries Rs 1,581 crore, AB Cotspin Group Rs 1,300 crore, Nahar Group Rs 1,100 crore, Deepak Fasteners, Rs 1,000 crore, among others. "A total of Rs 15,606 crore investment will come, generating over 20,000 jobs," he said. The discussions with delegates from textile, readymade garments, cycles, sports equipment, engineering, auto parts, machine tools were held. Inviting Punjab investors to invest in MP, the CM said, "Our policies are so attractive and investors have evinced keen interest". He said there was sufficient water supply, surplus electricity, adding that there was a land bank of one lakh acres and a good road network in MP. Yadav said that under the leadership of Prime Minister Narendra Modi the country is making fast progress. The country is moving towards becoming the third largest world economy, he said. Asked why the industry would leave Punjab to make investments in MP, he replied that they do not have to leave the state and they can expand their businesses.
