Madhya Pradesh’s ‘resources and prime location’ draw UK interest
Chief minister of Indian state seeks investors in renewable energy, IT and agriculture
Mohan Yadav in conversation with
Mahesh Liloriya
By Mahesh LiloriyaDec 07, 2024
MADHYA PRADESH chief minister Mohan Yadav’s visit to Britain last month provided a boost for the central Indian state, following his meetings seeking investment worth `600 billion (£5.6bn).
Ahead of the Invest Madhya Pradesh Global Investment Summit in February 2025, Yadav’s three-day UK visit at the end of November was aimed at drawing investors to the state.
“Madhya Pradesh is emerging as a prime destination for UK investors,” Yadav said during a keynote address at an Investment Opportunities in Madhya Pradesh event in London last Tuesday (26).
“England and India have a shared legacy, which is democracy – the pride in which we feel equally in both nations. Madhya Pradesh is not just a destination for investment, but a partner in progress, offering limitless opportunities across sectors like agribusiness, renewable energy and logistics,” he said.
Yadav held meetings with Pramod Mittal from Ispat International, Sri Prakash Lohia from Indorama Group and Akash Paul from Caparo.
“This visit is significant on many fronts. Investors have shown great interest in the state’s opportunities and policies. These proposals mark a new chapter in Madhya Pradesh’s journey to sustainable development,” the chief minister said.
India’s high commissioner to the UK, Vikram Doraiswami, in his address at the investment summit, said, “Madhya Pradesh today is among the top five states in the ease of doing business rankings in India. The simplest and obvious advantage it offers is its location, it is connected 360 degrees to every part of India.”
Rajesh Rajora, additional chief secretary to the chief minister, said, “Madhya Pradesh’s strategic location, reliable power supply, rich natural resources, and abundant water availability have positioned it as a preferred destination for investors from around the world.”
Opportunities across information technology, renewable energy, engineering, medical devices, pharmaceuticals, artificial intelligence (AI), food, electronics, skills development and healthcare emerged as the focus areas as roundtable discussions were held with industry leaders and experts.
The UK leg of Yadav’s Europe visit concluded in Coventry last Wednesday (27) with a visit to the University of Warwick for a tour of the Warwick Manufacturing Group (WMG) and its successful tie-ups between academia and business. Yadav met Indian students enrolled at WMG on innovative programmes.
“We aim to conduct research activities and leverage this knowledge not only for industrial advancement but also for societal benefit,” he said.
According to the chief minister, “Over 30,000 students study here, and this institution plays a vital role in bridging the gap between academic research and industrial application. Our visit today aims to bring these global insights back to Madhya Pradesh to empower future generations.”
Investing in education and skills development is a key pillar of our vision for the future, Yadav said.
“To support our IT, healthcare, and semiconductor sectors, we are focusing on building a skilled workforce. We have established skill development centres and partnered with industry leaders to provide training tailored to these sectors.”
“Additionally, we are working to make our educational institutions more aligned with industry standards.”
Yadav visits the University of Warwick
The chief minister said, “By creating a strong pipeline of skilled professionals, we aim to meet the evolving demands of industries while providing our youth with opportunities to thrive in these highgrowth sectors.”
Yadav explained how the state has emerged as one of India’s most promising for investment.
“We have witnessed remarkable progress renewable energy, agribusiness, infrastructure and IT, making the state a hub of opportunities. With Asia’s largest solar park in our state, we are positioning ourselves as a leader in renewable energy. The agricultural sector has tripled its production in the last decade, showcasing the state’s capacity to meet global food demands,” Yadav said.
“Our business-friendly policies and world-class infrastructure are attracting global investors, and the feedback from the UK has been overwhelmingly positive,” he added.
“Sustainability is at the core of our growth strategy. We are fully committed to developing Madhya Pradesh as a model of sustainable development, particularly through the promotion of clean energy solutions.”
While in London, the chief minister also visited the BAPS Shri Swaminarayan Mandir in north London, where he offered prayers and sought blessings.
He said, “Our religion is beautifully diverse, with countless branches of Sanatana Dharma flourishing across the globe. Through these sacred branches, we honour our 33 crore deities in their various forms, each providing us with invaluable guidance for leading a peaceful and non-violent life.”
The chief minister, who spoke of his commitment to preserving and promoting Madhya Pradesh’s rich cultural heritage, also praised the BAPS organisation for its various spiritual- and community led initiatives.
FUGITIVE businessman Nirav Modi, who has been in a UK prison for more than six years, has told a court there will be “sensational developments” when his extradition case to India resumes next month.
The 54-year-old appeared before High Court Judge Simon Tinkler at the Royal Courts of Justice in London on Friday in an unrelated civil case involving an unpaid loan of over USD 8 million to the Bank of India.
The judge rejected Modi’s request to delay the case on technical and medical grounds raised from prison. The matter is set to go to trial in January 2026.
“They (Bank of India) refer to my extradition… I'm still here. There will be some sensational developments, and I have never used these words before,” Modi said during a pre-trial review hearing.
Modi, wanted in India in connection with the estimated USD 2 billion Punjab National Bank fraud case, told the court he was “extremely hopeful” of being discharged or granted bail after the court agreed to consider new evidence despite what he called a “high bar”.
The UK’s Crown Prosecution Service confirmed that Modi “has lodged an application to reopen his (extradition) appeal”, with Indian authorities having already filed their response. The hearing is expected to take place towards the end of November.
Representing himself as a “litigant in person”, Modi read from handwritten notes as he addressed the judge. Prison officers stood nearby as he spoke about difficulties with his eyesight and delays in accessing a computer while in custody, which he said made the legal process unfair.
“I understand this is an adversarial process and they (Bank of India) can say anything against me. But they keep on making assumptions; I would say, spend one day in prison… there needs to be some basic common sense,” he said, appearing agitated during the hearing.
The Bank of India, represented by barrister Tom Beasley and RWK Goodman’s Milan Kapadia, is pursuing Modi’s personal guarantee related to a loan to Dubai-based Firestar Diamond FZE. They said that delaying the proceedings would be unfair as it would indefinitely postpone the bank’s claim.
“If he is extradited, he will likely remain in custody… He will also be in a different time zone,” Beasley told the court, adding that the bank “remains sceptical” about Modi’s “claimed lack of funds”.
Justice Tinkler ruled that maintaining the court timetable outweighed other factors and said that reasonable measures were being taken to ensure fairness in the case.
“It is clear that some (medical) issues do affect his ability to work and will, in all likelihood, affect his ability to participate in the trial without reasonable adjustments being made,” the judge said, referring to a confidential medical report.
He said the seven-day trial scheduled for January would allow enough time to accommodate Modi’s medical needs. The court was also informed that prison authorities would provide him with a computer within a week, and hard copies of legal documents would be sent before another pre-trial hearing in early December.
Modi’s in-person appearance followed a “production order” from the court, which led to logistical issues over his return to custody. He was moved from HMP Thameside in south London, where he has been held, to HMP Pentonville in north London.
The businessman requested that the court note his preference for a single cell, but the judge said this was beyond the court’s jurisdiction. However, the judge directed that all his papers be transferred with him or that he be returned to Thameside soon.
Modi has been in prison since his arrest in March 2019 and has repeatedly been denied bail on grounds that he poses a flight risk, most recently in May this year.
He faces three criminal cases in India: one by the Central Bureau of Investigation related to the PNB fraud, another by the Enforcement Directorate over alleged money laundering, and a third for alleged interference with witnesses and evidence.
In April 2021, then UK Home Secretary Priti Patel ordered his extradition after a prima facie case was established. Modi had exhausted all legal challenges until his recent application to reopen the appeal was accepted. The case is set to be heard next month.
By clicking the 'Subscribe’, you agree to receive our newsletter, marketing communications and industry
partners/sponsors sharing promotional product information via email and print communication from Garavi Gujarat
Publications Ltd and subsidiaries. You have the right to withdraw your consent at any time by clicking the
unsubscribe link in our emails. We will use your email address to personalize our communications and send you
relevant offers. Your data will be stored up to 30 days after unsubscribing.
Contact us at data@amg.biz to see how we manage and store your data.