Bhopal: As a part of the Global Investor Summit (GIS), multiple Memorandums of Understanding (MoUs) were exchange between the Government of Madhya Pradesh and leading companies and trade bodies in the presence of Hon’ble Chief Minister Dr. Mohan Yadav. This marks significant step towards economic growth and global collaboration of the State. The agreements, covering key sectors such as new and renewable energy, trade, and innovation, aim to enhance investments and strengthen strategic partnership for accelerating the State’s economic growth.
During the MoU exchange ceremony, a total proposed investment of over INR 3 lakh Crores was made in new and renewable energy sector, paving way for energy security of the State.
Key MoUs Signed in the energy sector includes
• NTPC-NGEL & MPPGCL – MoU for 2 GW of renewable power generation in Madhya Pradesh with an investment of ₹1,20,000 crores.
• NTPC Nuclear – Agreement for two greenfield power plant sites in Madhya Pradesh, with an investment of ₹80,000 crores.
• Reliance Industries Limited – MoU for biofuel-based projects, with an investment of ₹60,000 crores.
• AVAADA – Agreement for solar, wind, hybrid, and pump hydro projects, with an investment of ₹50,000 crores.
• Power Finance Corporation – Loan agreement for capital works, amounting to ₹26,800 crores.
Key MoUs Signed in Trade and International Cooperation
• Government of Ulyanovsk, Russian Federation – MoU for developing international and foreign economic relations.
• Singapore Indian Chamber of Commerce (SICCI) – Agreement for promoting cross-border trade services and cooperation.
• Indo-Polish Chamber of Commerce (IPCCI), Indo-German Chamber of Commerce (IGCC), Indian Chamber of Commerce in Korea (ICCK), and India-Djibouti Chamber of Commerce (IDCC) – MoUs for exchange of non-confidential business information and trade facilitation.
• Germany-India Innovation Center (GIIC) – Agreement for bilateral cooperation in innovation and technology.
• Indo-European Chamber of Small and Medium Enterprises – Collaboration to support SMEs in accessing international markets.
• India Connect Learning and Development Foundation, Hong Kong – Collaboration to support economic and commercial ties between the countries through trade fairs and exhibitions.
The agreements signed today are expected to drive large-scale investments, create employment opportunities, and strengthen India’s position in global trade and renewable energy. The ceremony was attended by senior government officials, corporate leaders, and representatives from international chambers, reinforcing the commitment to fostering strong economic partnerships.
