PM Modi Highlights MP’s Investment Potential in Clean Energy and EV at Global Investors Summit 2025
Prime Minister Narendra Modi, while inaugurating the Global Investors Summit (GIS) 2025 in Bhopal, highlighted Madhya Pradesh’s transformation into a power-surplus state with 31,000 MW capacity, strong clean energy growth, and rising investment potential across industries including RE, EV and battery manufacturing.
February 24, 2025. By Mrinmoy Dey
He further highlighted that Rewa Solar Park is one of the largest in the country, and recently, a floating solar plant was also inaugurated in Omkareshwar. “Over the past 10 years, more than INR 5 trillion has been invested in the renewable energy sector in India, and this investment has created over 10 lakh jobs in the clean energy space last year alone,” he added.
Noting that MP has over 300 industrial zones, and investment zones spanning thousands of acres are being developed in Pithampur, Ratlam, and Dewas, he highlighted the immense potential for better returns for investors in Madhya Pradesh.
Recalling the recent statement by the World Bank that India will continue to remain the fastest growing economy, the Prime Minister highlighted that a representative from the OECD remarked, "The future of the world is in India." He added that recently, a UN organisation on climate change declared India as a solar power superpower.
Modi further asserted that two decades ago, people were hesitant to invest in MP, while today, MP has become one of the top states in the country for investments. He highlighted that the state, which once struggled with poor roads, is now one of the leading states in India's EV revolution. He further said that by January 2025, around 2 lakh electric vehicles were registered in MP, reflecting a growth of approximately 90 percent, which demonstrates that MP is becoming an excellent destination for new manufacturing sectors.
He highlighted that the current priority is to build MSME-led local supply chains. The definition of MSMEs has been improved, and credit-linked incentives are being provided, while access to credit is being made easier, and support for value addition and exports has been increased, he added.
Stressing that the budget has simplified the basic customs duty structure and reduced rates on several essential inputs for the industry, Modi said that a time limit is being set for the assessment of customs cases. He highlighted the ongoing efforts to open new sectors for private entrepreneurship and investment.
This year, avenues such as nuclear energy, bio-manufacturing, critical minerals processing, and lithium battery manufacturing have been opened for investment, he added and said, “these steps demonstrate the Government's intent and commitment”.
Talking about MP-specific investments, the PM mentioned that the government has invested around INR 50,000 crore in the Bina Refinery Petrochemical Complex, which will help make Madhya Pradesh a hub for petrochemicals. He emphasized that the MP government supports this infrastructure with modern policies and special industrial infrastructure.
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