
M.P. receives investment proposals over ₹11,000 crore from Spain and Dubai, says CM Yadav
Prominent potential investment secured on the visit to two nations included a ₹2,750 crore proposal from Dubai-based BNW Developers in the infrastructure sector and a ₹4,000 crore proposal from the Chempolis Oy of the AM Greens group in the biofuel sector.
The total proposals received amounted to ₹11,119 crore that are expected to create more than 14,000 employment opportunities in the State, Mr. Yadav said.
Apart from this, an MoU worth ₹4,318 was signed between the M.P. State Electronics Development Corporation Ltd. and Submer Technologies in Spain to explore the possibility of setting up a 1 gigawatt capacity artificial intelligence (AI)-ready green data centre in the State.
Mr. Yadav, who concluded his week-long trip focused on bringing investment to the State, held various events in the two places to present the State as a potential business destination for foreign businesses in various sectors, including textile, tourism, digital infrastructure, film production and renewable energy.
The State Government also signed multiple MoUs with various companies and institutions, including a film co-production MoU with the Spain Film Commission to attract Spanish production houses to the State.
Mr. Yadav's visit was part of his government's initiative 'Invest Madhya Pradesh - Global Mission 2025' as government has declared 2025 as the industry and employment year.
Earlier, Mr. Yadav has travelled to England, Germany and Japan to attract investment into the State.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
17 minutes ago
- Economic Times
Michael Saylor's Strategy owns 3% of Bitcoin in circulation after latest purchase
Michael Saylor's Strategy now owns more than 3% of all the Bitcoin ever minted following the crypto treasury company's latest purchase of the original cryptocurrency. ADVERTISEMENT The former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm's holdings to 607,770 Bitcoin — which is about 3.05% of the roughly 19.9 million token issued. The stack is worth about $72 billion. Strategy has been using a combination of common and preferred shares, as well as debt, to fund Bitcoin purchases since it began accumulating the cryptocurrency in late 2020 as a hedge against inflation. Dozens of companies have begun to emulate the practice. Strategy is the world's leading corporate owner of Bitcoin. BlackRock's iShares Bitcoin Trust ETF (IBIT) holds about $86 billion in assets. While some other tokens' unlimited supply has concerned investors, Bitcoin's store of value proposition has been buoyed by the 21 million limit on the number of tokens to be mined. Instructions in the network's original code have further helped to promote the scarcity value of the token — like quadrennial halving events that automatically slash the amount of token rewards miners earn. The last Bitcoin is expected to be issued in the year 2140. Strategy said separately Monday that it planned to offer 5 million of variable-rate Series A perpetual Stretch preferred stock to help finance additional Bitcoin purchases. It is the fourth series of preferred shares by the company. The common shares of Strategy has surged more than 3,500% since Saylor - a founder and executive chairman of the company - began buying Bitcoin. The cryptocurrency has risen about 1,100% during the same period, while S&P 500 has increased around 120%. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)


New Indian Express
17 minutes ago
- New Indian Express
Ever ordered a shot of ‘Yakshi'? Malayalis abroad might get a chance
KOCHI: Riding on the success of the 'Malayali' beer, the Warsaw-based brand is expanding into the production of vodka. Come September, its new offering -- Yakshi -- will debut, joining the brands crafted by Malayali-owned companies, such as Taika, Rooster Vodka, Mandakini, and Maharani Pomelo Vodka. In another happy news for beer connoisseurs, Malayali beer will be touching down at CIAL's Cochin Duty Free. Speaking to TNIE about the new launch and the story behind it, the founders of the company, Hexagon Spirits International SP Zoo, Chandu Nallur and Sargheve Sukumaran, say, 'Much like the story behind Malayali beer -- crafted in the wake of the Russia-Ukraine war -- Yakshi too has an interesting back story. This single malt vodka was born from the residual by-products of the distillation process used in 'Malayali Habibi', our 0% alchohol beer. Yakshi is our latest innovation, conceptualised following a discussion with Lulu Group Chairman M A Yusuff Ali.' 'Yusuf Ali told us that if we are able to make a perfect zero per cent alchohol beer, he would make it available in all Lulu malls. But it has to be a perfect zero alchohol beer. Nobody has made such a beer since the cost of production is very high, and it involves multiple distillation processes to ensure that every drop of alcohol is eliminated. Now, even though we got the zero beer, we were left behind with the residual alcohol.' The founders then decided to make use of the byproduct. 'As you know, we Malayalis are known problem solvers and people who never let anything go to waste. So, Yakshi was born,' they added.


Hans India
17 minutes ago
- Hans India
Cong taunts BJP's BC leaders over ‘Upper Caste' state chief
Hyderabad: The Congress party on Tuesday challenged Backward Classes (BC) leaders within the BJP to respond to comments made by their newly appointed state president, N Ramchander Rao. Rao had reportedly questioned the Telangana state government's sincerity regarding a proposed 42 per cent reservation for BCs, citing an 'unscientific approach.' Speaking to media at Gandhi Bhavan, Congress official spokesperson B Lingam Yadav asserted that if BJP MPs Bandi Sanjay Kumar, D Aravind, and Eatala Rajender failed to counter the remarks from their new state president, it would convey a misleading message that the BJP is a party opposed to Scheduled Castes (SC), Scheduled Tribes (ST), and BCs. The Congress leader affirmed that the Revanth government's objective is to implement reservations mirroring the model in Tamil Nadu, which has successfully navigated the constraints of reservation caps. 'The BC leaders in BJP should respond,' Yadav pressed. 'Bandi Sanjay, Aravind, Etela Rajender should respond to Ramchandra's comments on BC reservations. If 42 per cent reservation is not given to BCs, BCs would be further marginalised.' He vowed, 'We will achieve 42 per cent reservation by building pressure on Centre and Prime Minister Narendra Modi.' Yadav further contended that those opposing the reservation now are the same leaders who championed 'Kamandal politics' as a counter to the 'Mandal Commission' recommendations in the past.