Madhya Pradesh Set to Become a Tech Hub with Major Investments
Technology companies have pledged significant investments in Madhya Pradesh, totaling Rs 25,640 crore. This influx of capital is expected to create more than 183,000 job opportunities across various sectors within the state, according to an official statement released Tuesday.
The commitments were secured from 35 entities during the IT and Technology Summit at the Global Investors Summit (GIS) 2025. “The state secured a total investment of Rs 25,640 crore across various technology sectors, creating approximately 1,83,400 employment opportunities,” the Madhya Pradesh government statement confirmed.
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Key Investment Areas and Job Creation
The electronics manufacturing sector secured the largest investment commitments, with eight entities pledging Rs 12,350 crore. This is expected to generate 14,000 jobs. The IT and ITes sectors are poised to become the biggest job creators, with Rs 5,500 crore in investments projected to create 93,000 jobs. Global Capability Centers (GCC) investments, totaling Rs 700 crore, are expected to create a further 40,500 jobs.
Chief Minister Mohan Yadav highlighted the state’s appeal to investors: “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.”
Notable Investment Commitments
Key investment commitments include:
- Kaynes Technology: Rs 352 crore for SMT manufacturing at IT Park, Bhopal, creating 1,650 jobs.
- Beyond Studioz: Rs 100 crore investment in the AVGC sector, generating 2,500 jobs.
- Tholons Inc: Pledged Rs 500 crore for GCC investments and an additional Rs 5,000 crore in FDI, leading to 40,000 jobs.
- Shree Tech Data Ltd: Rs 4,000 crore for GCC and data centers, expected to create 2,000 jobs.
- Prakhar Software Solution Ltd: Rs 145 crore investment for drone technology, resulting in 10,000 jobs.
- ELCINA: Spearheading a Rs 1,000-1,200 crore push in printed circuit board and electronics manufacturing, leading to 5,000 jobs.
- Digital Convergence Technologies: Rs 200 crore investment in GCC creating 500 jobs.
Secretary, Ministry of Electronics and IT, S Krishnan, emphasized the broader impact: “To truly empower India, we must focus not just on digital expansion, but also on creating jobs, value addition, and strengthening the semiconductor supply chain. India’s digital economy has grown from 6-7 per cent to 13 per cent of GDP in a decade. The opportunity to lead in Viksit Bharat 2047 is now.”
Strengthening the IT Ecosystem
Memoranda of Understanding (MoUs) were signed with global technology leaders such as IBM, Barclays, Microsoft, VLSI, and L&T EduTech to bolster the state’s IT and electronics ecosystem. The state also secured investment commitments of Rs 6,800 crore for data centers from six entities, which will create 2,900 employment opportunities. Additionally, Rs 110 crore was pledged by six entities in the animation, visual effects, gaming, and comics (AVGC) fields promising 3,000 jobs. Two drone firms committed Rs 180 crore, expected to create 30,000 jobs in the state, as per the statement.
