Jabalpur Investor Summit | 22 Jul 2024

Why in News?

According to the Madhya Pradesh Chief Minister, the State had received investment proposals worth Rs 17,000 crore at the investor summit in Jabalpur, which was likely to generate over 13,000 employment opportunities.

Key Points

• A modern skill development centre would be established in Jabalpur to attract investment in the textiles and readymade clothing sectors.
  • In the Conclave, Ashok Leyland Limited and Armoured Vehicle Nigam Limited signed a Rs 600 crore Memorandum of Understanding in the defence manufacturing sector.
  • The government has also inaugurated and laid the foundation stones for several industrial units across the state, with a total investment of Rs 1,500 crore, creating around 4,500 jobs. 
  • Further investment proposals include Rs 1,500 crore from Volvo Eicher in the automobile sector and a Rs 1,500 crore cement unit by HeidelbergCement.
• The Madhya Pradesh government will host similar summits in Rewa, Sagar and Gwalior cities and a larger global investors' summit in Bhopal in February 2025.
  • Earlier in January 2024, a similar summit was organised in Ujjain,  in which the Adani Group announced investments of Rs 75,000 crore in the state.