Technology companies to invest Rs 25,640 cr in MP

Bhopal: Technology companies across segments have committed to investing Rs25,640 crore in Madhya Pradesh that will lead to creation of over 1.83 lakh employment opportunities in the state, an official statement said on Tuesday.

The commitments were received from 35 entities during the IT and Technology Summit at GIS 2025. “The state secured a total investment of Rs25,640 crore across various technology sectors, creating approximately 1,83,400 employment opportunities,” the statement issued by the Madhya Pradesh government said. Major investment commitments of Rs12,350 crore have come in the space of electronics manufacturing from eight entities with promise to generate employment for 14,000 people.

With investment of Rs5,500 crore, IT and ITes entities have promised to be the biggest job generator in the state with 93,000 employment opportunities, followed by GCC (global capability centres) investment of Rs700 crore that will create 40,500 jobs in the state. “Madhya Pradesh stands at an exciting juncture, equipped with world-class infrastructure and a skilled talent pool. The big-ticket announcements from companies like Amber, Elcina, Prakhar, STDL, Tholons, Kaynes, Beyond Studioz, and IITI Drishti reflect the growing confidence of investors in the state,” Madhya Pradesh Chief Minister Mohan Yadav said in the statement. Kaynes Technology committed Rs352 crore for SMT manufacturing at IT Park, Bhopal, that will generate 1,650 jobs, while Beyond Studioz strengthened the AVGC sector with a Rs100 crore investment, that will employ 2,500 people.

IITI DRISHTI CPS Foundation announced a new incubation centre to enhance the startup ecosystem. Tholons Inc pledged Rs500 crore for GCC investments and an additional Rs5,000 crore in FDI, leading to the creation of 40,000 jobs. Shree Tech Data Ltd committed Rs4,000 crore to GCC and data centres, creating 2,000 jobs. Drone company Prakhar Software Solution Ltd announced a Rs145-crore investment, which will create 10,000 jobs. Electronics industry body ELCINA spearheaded a Rs1,000-1,200 crore push in the printed circuit board and electronics manufacturing that will add 5,000 jobs. Digital Convergence Technologies will invest Rs200 crore in GCC that will generate 500 jobs, the statement said.