Investment Proposals worth Rs 30,402 crore received at Ratlam's MP RISE 2025 Conclave, says CM Mohan Yadav
Ratlam (Madhya Pradesh) [India], June 27 (ANI): Madhya Pradesh Chief Minister Mohan Yadav attended MP-RISE 2025 (Regional Industry, Skill and Employment) conclave held in Ratlam district on Friday and informed that investment proposals worth Rs 30,402 crore received at the Conclave, which expects to generate 35,520 employment opportunities.
CM Yadav highlighted that Madhya Pradesh is undergoing transformation and innovations are being made in every sector of development. He affirmed that the journey of Madhya Pradesh's industrial growth will now move forward at an even faster pace.
The CM also said that the government is making every possible effort to enhance the state's prospects and create more job opportunities for youth, adding that interactive sessions are being conducted across cities to attract investment, with the next to be held in Surat on June 29.
He announced, 'Six villages adjoining the Ratlam Mega Investment Region -- Bibdaud, Palsodi, Rampuria, Sarwani Khurd, Jamthun, and Julwaniya -- an amount of Rs 50 lakh per gram panchayat has been approved for the construction of roads, community buildings, and necessary infrastructure development for the benefit of local residents. Establishment of a 220 KV power line in the new area to facilitate the industrial units in the investment zone and industrial park of Ratlam.'
Additionally, he declared that an international-standard hockey astro turf would be built at the Polo Ground in Ratlam, and a large airstrip will also be constructed. He further announced the development of a satellite township in the Kalika Mata temple complex.
CM Yadav also transferred Rs 3,861 crore as loan amount to over 4 lakh beneficiaries for self-employment and provided land allotment letters to 35 large industrial units investing over Rs 6,000 crore, promising more than 17,600 jobs on the occasion.
Along with this, he also performed Bhoomi-Poojan and the inauguration of 94 industrial units and clusters worth over Rs 2,012 crore. The CM Yadav further disbursed Rs 270 crore incentive grants to 288 MSMEs and Rs 425 crore financial support transferred to 140 large industries. He also provided land allotment letters to 538 MSME units.
The Chief Minister also emphasised the state's improved connectivity, stating that with the Delhi-Mumbai Expressway, both cities are now just six hours away from Ratlam. In the coming years, air cargo services will be introduced to facilitate goods transport, and discussions are underway with the Maharashtra government to provide port facilities for Madhya Pradesh traders.
The Chief Minister stressed that even the smallest investor is valuable to the government. 'The world is amazed by the strength of our economy. Many households run their kitchens because of your factories. Factories are no less than temples of prosperity,' he remarked.
CM Yadav emphasised that RISE Conclave is an innovative step toward creating new entrepreneurs. He interacted virtually with entrepreneurs and representatives from Rewa, Sagar, Alirajpur, Dhar, and Ratlam. The CM also inaugurated 8 major development projects worth Rs 202 crore and distributed job offer letters to 263 aspirational youth, according to an official release.
Furthermore, various leading industrialists across the country held one-on-one discussions with Chief Minister Yadav and presented their investment proposals, expressing keen interest in setting up industries in Madhya Pradesh. The discussions focused on potential investment zones and various industrial facilities available in the state.
The Chief Minister assured the investors of a highly conducive and supportive environment for industrial growth in Madhya Pradesh. (ANI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
Notices barring Brahmins from performing rituals spark row
Motihari: A recent incident in Uttar Pradesh's Etawah district, where a religious preacher and his associate were allegedly assaulted, has had ripple effects in Tikulya, a village in Bihar's East Champaran district. In response to the Etawah episode, some youths in Tikulya, located near the India-Nepal border under Adapur police station, put up warning boards at the village's entry points on Monday, barring Brahmins from performing religious rituals. The notices have since been removed by the villagers. The incident in Etawah, which took place on Saturday, involved the alleged humiliation and assault of a 'kathavachak' (religious storyteller) and his associate, both from the Yadav community, by some people. Their heads were allegedly shaved as part of the attack. In Tikulya village, which is predominantly inhabited by members of the Yadav community, notices appeared at all entry points. "Is gaon me Brahmano puja karana sakht mana hai, pakde jane pr dand ke bhagi honge (It is strictly forbidden for Brahmins to perform puja in this village; if caught, they would be punished)", the notices read. These warnings quickly spread to nearby areas. Some locals clarified that their objection was directed at people who, despite identifying as Brahmins, lacked knowledge of the Vedas and Puranas and were known to consume liquor and meat. They said they held no objection to Brahmins who were well-versed in scriptures. Ram Prit Yadav, a 72-year-old former MLA and Congress leader from Tikulya, said he was unaware of the incident as he was on way to Deoghar. He condemned the act and expressed confidence that peace would prevail among villagers of all castes. "My village is Yadav-dominated with a single Brahmin family, but they are respected and loved by everyone here. This act seems to have been carried out by some anti-social elements," he said. While the mukhiya of the Bakhari panchayat is currently in jail, the panchayat's sarpanch, Lakshmi Yadav, said he was unaware of the incident or any threats issued by villagers. "I will ensure action is taken against those responsible," he said. Village police chowkidar, Sanjay Yadav, said a few people were responsible for putting up the notices and did so in the name of the village. "The villagers did not support them and all the warning boards have now been removed," he added. Dhirendra Kumar, sub-divisional police officer (SDPO) of Raxaul, said the matter was under investigation. "An FIR will be lodged against those found guilty of this mischief," he said.
Time of India
29 minutes ago
- Time of India
Higher policy transmission likely as share of floating rate loans rises: RBI
The Reserve Bank of India (RBI) anticipates more effective monetary policy transmission due to the increasing share of floating rate loans, which reached 75.7% in March 2025. Increased inter-bank liquidity, through measures like open market operations and CRR reductions, further supports faster transmission to financial and credit markets. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Kolkata: The monetary policy transmission for this round of rate cuts which started this February is likely to be more effective since the share of floating loans has been rising over the years, the Reserve Bank of India the central bank's decision to increase the availability of inter-bank liquidity is aimed at faster transmission of monetary policy to the financial and credit markets. The monetary policy maker already expressed hope that policy transmission would be better than previous share of floating rate loans in total gross advances of fourteen select mainstream banks, which account for around 80 per cent of the assets of scheduled commercial banks, has risen to 75.7% in March 2025 from 72% in March 2023, the central bank share of floating rate loans in the retail loan category rose to 65.1% from 60.2% during the same period. In the retail segment, 90% of the floating rate loans are linked to external benchmark linked rates in which transmission is almost central bank lowered the policy rate by a cumulative 100 basis points during the last three monetary policy meetings while market participants and economists are expecting more rate cuts this taking loans from public sector banks are likely to benefit more since 80.9% of the overall advances by these banks are floating loan rate as compared to private banks' 67.5%. Within the public sector domain, 93% of the agriculture sector loans are on floating rate basis while the ratio for private banks is just about 54.5%.The RBI injected durable liquidity amounting to about Rs 9.5 lakh crore through a series of liquidity measures including open market operation purchases, buy-sell swaps and term variable rate repos since January 2025, which led to system liquidity transitioning from deficit to surplus at end-March the decision to lower cash reserve ratio (CRR) by 100 bps in a phased manner will release Rs 2.5 lakh crore of primary liquidity starting September till December 2025."Cumulatively, these measures have not only turned durable liquidity into surplus but will also contribute to faster transmission of monetary policy to the financial and credit markets," the monetary policy authority said in the report.
United News of India
34 minutes ago
- United News of India
OVERWHELMING RESPONSE TO SEPC LIMITED RIGHTS ISSUE OF 35,00,00,000, PARTLY PAID-UP EQUITY SHARES AGGREGATING TO RS. 350.00 Crores
Press Releases » PNN SEPC Limited's ₹350 crore rights issue closes oversubscribed, signaling robust investor trust. Chennai (Tamil Nadu) [India], June 28: SEPC Limited today announced that it has achieved successful closure of Rights Issue of 74,35,19,173 (Seventy Four Crores Thirty-Five Lakhs Nineteen Thousands One Hundred & Seventy-Three ) Partly paid-up Equity Shares aggregating to ₹ 350 Cr. having issue price of ₹ 10/- per Equity Share (including a share premium of ₹ nil per share) (the 'issue price') on a rights basis to the eligible equity shareholders of our Company closed successfully on June 23, 2025. The Payment Schedule for the issue is as follows: Amount Payable per Rights Equity Share i.e. Issue Price Face value (₹) Premium (₹) Total On Application 5.00 Nil 5.00 On First and Call (as determined by our Board in consultation with Rights Issue Committee) 5.00 Nil 5.00 The Rights issue was oversubscribed by 2.12 times. SEPC Limited, is one of the leading EPC player in Water and Municipal Services, Roads, Industrial, and Mining sectors, announced today the successful closure of the issue of 74,35,19,173 (Seventy-Four Crores Thirty-Five Lakhs Nineteen Thousand One Hundred & Seventy-Three) partly paid−up Equity Shares (including a share premium of ₹ nil per share) (the 'issue price') on rights basis to the eligible equity shareholders (the 'Rights Issue') which was launched on June 09, 2025. The issue resulted into subscription of 74,35,19,173 shares resulting into oversubscription by 2.12 times. The issue period was from June 09, 2025, to June 23, 2025. The issue size was 35,00,00,000 (Thirty-Five Crores) partly paid-up Equity Shares aggregating to Rs. 350 Cr. having issue price of Rs. 10/- per Equity Share (including a share premium of ₹ nil per share) (the 'issue price') on a rights basis to its eligible equity shareholders in the ratio of 11 (Eleven) Rights Equity Share for every 50 (Fifty) fully paid-up Equity Shares held as on record date i.e. May 23, 2025. The payment schedule for this issue being partly paid up will be 50% i.e. ₹ 5/- (per share) payable with the Application and balance 50% will be payable on First and Final call. Funding for Payment of Non-Convertible Debentures including redemption and interest. Repayment/Pre-payment, in full or part, of certain borrowings availed by the Company. Funding for increasing the additional Margin of Non- Fund Based Limits. To augment the existing and incremental working capital requirement of our Company. General Corporate Purpose The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed on or about Friday, 27th June, 2025 and Tuesday, July 08, 2025 respectively. Commenting on the success of the Rights Issue, Shri Mr. Abdulla Mohammad Ibrahim Hassan Abdulla, Chairman and Non-Executive Director of SEPC Limited, said, 'I express my sincere thanks to our dear and esteemed shareholders for participating in this Rights Issue and making it a new and proud landmark in the history of India's capital market. Our shareholders have always been our biggest source of strength. Our decades-old relationship based on trust has consistently spurred us to achieve more. We are delighted and humbled by their extraordinary show of confidence in the future of SEPC. If you object to the content of this press release, please notify us at We will respond and rectify the situation within 24 hours.
