Prime Minister Narendra Modi addressed the gathering at the Invest Madhya Pradesh–Global Investors Summit (MPGIS) 2025 on Monday, underscoring the importance of the Deregulation Commission in fostering a more investment-friendly regulatory environment. He emphasized that the Centre has initiated consultations with key stakeholders to fine-tune the framework and improve the ease of doing business.
Modi also highlighted the World Bank’s confidence in India’s economic future, noting that the nation is poised to continue being the fastest-growing economy globally. “For the first time in India’s history, the world is united in optimism about our future,” Modi remarked. He encouraged investors to explore opportunities in Madhya Pradesh, which boasts a growing talent pool and top-tier infrastructure.
The event’s key announcement came from Gautam Adani, founder and chairman of the Adani Group. He revealed potential investments totaling Rs 1.1 trillion in sectors like pump storage, cement, mining, smart meters, and thermal energy. These investments are expected to create 120,000 jobs by 2030. Adani also disclosed that the Adani Group is in advanced discussions with the state government regarding an additional Rs 1 trillion investment in a greenfield smart city project, a major airport, and coal gasification projects. Together, these ventures represent an overall Rs 2.1 trillion investment in Madhya Pradesh.
Adani’s group has already invested Rs 50,000 crore in the state.
In another significant development, state-run power company NTPC revealed it had signed preliminary agreements to invest over Rs 2 trillion in renewable energy projects across solar, wind, pumped hydro storage, and other carbon-neutral initiatives in Madhya Pradesh.
Reliance Industries also announced plans to invest Rs 60,000 crore in the state’s biofuels sector.
Prime Minister Modi took a moment to recall the state’s past struggles with electricity and water shortages, along with deteriorating law and order, which hampered business growth. However, over the last two decades, with the support of the people, the BJP-led state government has successfully restored governance, positioning Madhya Pradesh as one of the top five investor-friendly states in India.
Modi also reiterated the Centre’s efforts to work with state governments and other stakeholders to shape the Deregulation Commission, first introduced in the FY26 Budget, with plans to announce a detailed framework soon.
A report released by the Confederation of Indian Industry (CII) at the summit projects that Madhya Pradesh’s economy could grow 18-fold, reaching $2.1 trillion (Rs 248.6 trillion) by 2047-48, with an annual growth rate of 8.6%, up from $164.7 billion (Rs 13.6 trillion) today. The report stressed the importance of strengthening manufacturing and prioritizing industrial growth to achieve this potential.
Madhya Pradesh Chief Minister Mohan Yadav, in his address, stated that Bhopal would soon shine on the global map post-GIS 2025. “Madhya Pradesh plays a pivotal role in India’s goal of becoming a $35 trillion economy by 2047. We are developing 13 new industrial parks and expanding opportunities in sectors like semiconductors,” Yadav added.
The MPGIS 2025 focused on reforms designed to meet the needs of industries. In the past few weeks, the state government has revised at least 18 key policies, including new policies aimed at sunrise sectors like semiconductors and city gas distribution. The state has also enhanced its incentives for semiconductors by offering an additional 25% on top of the Centre’s 50% incentive, making Madhya Pradesh’s offer one of the most attractive in the country. The primary goals of these changes were to improve ease of doing business, promote transparency, and streamline service delivery.
