| Work Detail |
Torrent Power Limited has announced plans to establish a thermal power plant in Madhya Pradesh, committing an investment of ?18,000 crore. The announcement was made at the Regional Industry Conclave (RIC) held in Shahdol recently. Naveen Kumar Singh, Vice President of Torrent Power Limited, highlighted the state’s favorable investment policies, including streamlined approvals and robust infrastructure. The investment policy of Madhya Pradesh is highly conducive to industries. Torrent Power will set up a thermal power plant utilizing modern technology, which will create direct and indirect employment for over 7,000 people, Singh said. Chief Minister Mohan Yadav reaffirmed the state’s commitment to attracting industry, citing special incentives for sectors like tourism, IT, and textiles. In the last few months, investment worth over ?4 lakh crore has flowed into Madhya Pradesh through six RICs, generating employment for more than 3 lakh people, he stated. The Shahdol RIC received investment proposals totaling ?32,520 crore, expected to create over 30,000 jobs. Key proposals include ?3,300 crore from Shri Bajrang Power and Ispat Limited for mining, ?2,500 crore from Select Builders for renewable energy, ?2,500 crore from Sharda Energy and Minerals Limited for mining, and ?1,200 crore from DDTC Exim Limited for the textile sector. Additionally, 401 acres of land were allocated to 102 MSME units during the conclave. These units, with a combined investment of ?3,561 crore, are projected to generate approximately 9,500 jobs. Officials noted that 95% of the proposed investments are focused on Shahdol and its surrounding areas, distinguishing the region’s RIC from others. |
