Rs 600 crores in defense equipment manufacturing in MP

| | JABALPUR
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Rs 600 crores in defense equipment manufacturing in MP

Sunday, 21 July 2024 | PNS | JABALPUR

Chief Minister Mohan Yadav has said that setting up of industries in various sectors will be the top priority. New industries will come up in textile, defense equipment manufacturing, pharmaceutical, and tourism sectors.

Yadav was addressing the Regional Industry Conclave at Subhash Chandra Bose Cultural and Information Center, Jabalpur today. He made announcements intending to encourage industries. Leading industrialists from India and abroad participated in the conclave. Chief Minister Dr. Yadav said that an ultra-modern skill development center will be set up in textile sector, which will benefit women by offering employment opportunities.

Industrialists from five countries and states of the country participated in the Regional Industry Conclave. It is noteworthy that an Industry Conclave was held in Ujjain in March last year. Chief Minister Dr. Mohan Yadav laid the foundation stone for 29 industrial units and performed the groundbreaking ceremony for 38 industrial units, thus initiating a total of 67 units. Representatives from many states joined the inauguration and groundbreaking ceremonies. Investments worth 1500 crores will be made. Similarly, employment will be given to 4500 people. Intent letters were handed over for the allocation of 340 acres of land. The IT, ITES, and ESDM Policy 2023 was launched.

Agreement with Ashok Leyland

An agreement worth Rs 600 crores was signed between Ashok Leyland and Armored Vehicle Corporation Limited in the presence of Chief Minister Yadav. This is a new step in this sector. This is a significant investment in the defense production sector. It is also a commitment to promote development and innovation in the cooperation sector. Chief Minister Dr. Yadav said Tanks will now be built for the army.

Chief Minister Dr. Yadav said that through 16 industrial parks, investments worth Rs 6,000 crores have been made by small, medium, and micro industries. This has provided employment opportunities to  20,000 people. Chief Minister Dr. Yadav said that it is result of coordinated efforts that inauguration and groundbreaking ceremony of 67 industrial units is taking place.

Yadav said that after Odisha, Madhya Pradesh is second in the mineral sector. Transparent processes of auctioning mines have been considered leading in the country. For this, the Government of India has also encouraged them. Diamond cutting will start in the state.

Chief Minister Narendra Modi's capable leadership was mentioned by Chief Minister Dr. Yadav, saying that India has earned a distinct identity in the world.

Industrialists invited to MP

Chief Minister Dr. Yadav urged industrialists to come to Madhya Pradesh. Dr. Yadav said that the state has encouraging policies in the labor sector. In the last two to three years, employment opportunities have been increased through universities. There were only five medical colleges in the state, whose number is going to be 25. There is a dense forest area in the state. Opportunities will also be realized in this area. As many as 275 units are working in the pharmaceutical sector. There are 60 units in Pithampur alone. Pharmaceutical products are exported to more than 160 countries from.

Chief Minister Dr. Yadav said that the state is focusing on food processing sector. Relief has been given to industries on water and electricity supply. Two mega food parks are coming up. Eight food parks are already operational. Chief Minister Dr. Yadav urged the MD of Volvo Eicher to start a research center in Madhya Pradesh.

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