Investment proposals worth Rs 20K cr received at mining conclave

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Investment proposals worth Rs 20K cr received at mining conclave

Saturday, 19 October 2024 | Staff Reporter | BHOPAL

Chief Minister Mohan Yadav said that Madhya Pradesh is rich in mineral resources and that the state will actively encourage new investments in the mineral sector by intensifying efforts to harness this wealth. The state government is committed to providing all necessary support and facilities to entrepreneurs in the mining industry. He stressed the importance of utilizing the state's mineral resources for local production. Dr. Yadav was addressing the closing session of the two-day Mining Conclave held on Friday. The conclave, which took place at Kushabhau Thackeray Auditorium, attracted investment proposals worth Rs 19,650 crore from 11 industrial institutions. A significant ‘Joint Venture Agreement’ was signed between MOIL, a Government of India enterprise, and the Madhya Pradesh State Mineral Corporation Limited in Yadav's presence, focused on mineral block development. Describing the event as a success, the Chief Minister expressed confidence that the state's mineral revenue will increase fivefold in the near future. The conclave saw the participation of entrepreneurs, geologists, scientists, senior officials from the Mineral Department, the Ministry of Mines, Government of India, and the Geological Survey of India.

Yadav said that the culture of our country is different from the rest of the world. Where other countries consider the nation as the father, in our country we proclaim Bharat Mata Ki Jai. The matriarchal system has been supported since ancient times. We also consider the country as our mother institution. The composition of the body is also like the universe. Chief Minister Dr. Yadav said that the rivers of the earth are like blood flowing in a human body. There is life on earth and there is life in plants too, this belief of ours is much older than that of other countries. There is a need to understand the difference between exploitation and utilization of nature. God has blessed Madhya Pradesh in terms of mineral wealth.

Yadav remarked that under the leadership of Prime Minister Narendra Modi, India is advancing at a rapid pace, making notable contributions globally in the field of minerals. He highlighted that Madhya Pradesh is also making strides in all areas of development. Alongside new projects in agriculture, animal husbandry, and other sectors, the state is poised to achieve significant milestones in the mineral sector. Recognized by the Government of India for its achievements in mineral auctions, Madhya Pradesh is committed to effectively harnessing its diverse mineral resources. Dr. Yadav assured that the state government will fully support investments in the mineral sector, ensuring that entrepreneurs in mining receive comprehensive assistance. He emphasized that the mineral sector will play a key role in helping Madhya Pradesh reach new heights of development.

Chief Minister Dr. Mohan Yadav said that Regional Industry Conclaves are being organized monthly in various regions of the state. So far, four conclaves have been held this year, resulting in investment proposals totaling approximately Rs 2 Lakh 50 Thousand crore. The upcoming "Regional Industry Conclave" in Rewa on 23rd October is expected to attract new investments across diverse industrial sectors, further boosting the state's economic growth.

Chief Minister Mohan Yadav said that the Regional Industry Conclave is being organized to ensure continued industrial growth in Madhya Pradesh and to create employment opportunities for the youth. In line with this, a tourism conclave was also held to tap into the state's full potential. Today, I had the privilege of participating in two important conclaves—first in the Petrochemical and Pharma India Chem in Mumbai and later in the Mining Conclave.

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