MP urban development conclave: Blueprint for investments of Rs 30k cr prepared, says CM Yadav

Indore, Jul 11 (PTI) A blueprint for investments to the tune of Rs 30,000 crore in public and private sector projects was prepared on Friday at a conference held in Indore on urban development in Madhya Pradesh, Chief Minister Mohan Yadav said.

The 'Madhya Pradesh Growth Conclave' was organised by the state government on the theme 'Next Horizon: Building Cities of Tomorrow'.

"A total investment potential of Rs 30,000 crore was unlocked during the conclave through MoUs, foundation stone laying of new projects in public and private sectors, and transfer of funds under various government schemes. Investment proposals worth Rs 12,473 crore from 15 companies were discussed during the conclave. These projects are expected to generate employment for more than 14,000 people," Yadav told reporters.

"Urban development projects worth Rs 12,360 crore were announced during the event. These include funds allocated for housing, water supply, sewerage and infrastructure development," he added.

The state's real estate sector offers bright prospects, particularly in the development of integrated townships, the CM said while assuring investors of speedy approvals for projects.

To promote well-planned urbanisation, the state is establishing metropolitan authorities by including areas surrounding major cities, Yadav added.

State Urban Development and Housing Minister Kailash Vijayvargiya highlighted the state government's flexible approach towards industry, asserting that "our laws are not like Ramayana or Gita that can never be changed".

"If needed, we will amend them in future," he added.

During the one-day conclave, CM Yadav interacted with key investors from sectors including hospitality, tourism, real estate and infrastructure.

Over 1,500 stakeholders from the government and private sectors, including industrialists and corporate representatives, participated in the event, officials said. PTI HWP LAL BNM