Bhopal (Madhya Pradesh): The first day of the Global Investment Summit (GIS) on Monday proved to be quite a success with the state government receiving investment proposals and signing Memorandum of Understanding (MoUs) worth over Rs 22.50 lakh cr. This is set to create 13,43,468 job opportunities in the state. It is learnt that around 24 MoUs were signed on the day. The Adani Group has promised an investment of Rs 2,10,000 cr in mining, smart vehicles, and the thermal energy sector.
Boost for renewable energy
In the renewable energy sector, MoUs worth over Rs 2 lakh crore were signed. NTPC Green Energy Limited and MP Power Generating Corporation Limited signed an MoU to establish renewable energy projects with a capacity of 20 gigawatt or more at a cost of Rs 1,20,000 cr. NTPC Nuclear is going to establish two units of Greenfield Power Plant at the cost of Rs 80,000 cr.
Then, Reliance Industries Limited will invest Rs 60,000 cr in a bio-fuel based project. Avada Group of Companies is going to invest Rs 50,000 cr in solar, wind, hybrid, pump hydro and battery storage projects. OPG Power Generation Private Limited is going to invest Rs 13,400 cr in battery storage system, small modular reactor, green hydrogen, and hybrid power generation.
Capital work loans; investment in education
The Power Finance Corporation’s Rs 26,800 cr and Torrent Power Limited’s Rs 26,500 cr have been earmarked as loan to capital works. The state government and the NHAI have signed an MoU worth Rs 1 lakh cr for the construction and development of around 4,010 kmof road.
As many as eight MoUs were signed during the session of ‘Investing in Human Capital-Skill Development.’ The Jagran Social Welfare Society proposed an investment of Rs 500 cr for operating schools. Apart from this, Dr Bharat Agrawal, Chairman, Vishwakarma University, will invest Rs 500cr to establish a private university.
