MP Taps ₹56,414-Cr Investment, Targets 50% Green Power by 2030

Madhya Pradesh is sharpening its green energy credentials even as it positions itself as a mining hub, with the state government announcing that 20% of its current power basket already comes from renewables and setting a target to raise the share to 50% by 2030.

The push comes alongside fresh investment proposals worth ₹56,414 crore received at the Mining Conclave 2.0 held in Katni on Saturday. Among the highlights, Singhal Business Pvt. Ltd. committed ₹15,000 crore towards coal gasification and renewable energy projects, signalling strong investor appetite in the state’s energy transition.

CM’s Pitch to Investors

Chief Minister Mohan Yadav called it the “right time to invest in Madhya Pradesh,” promising full government support to industrialists. “The government will provide every possible support to help businesses realise their biggest ambitions,” he told delegates from the mining and energy sectors.

Policy and Infrastructure Advantage

Raghvendra Kumar Singh, Principal Secretary (Industrial Policy & Investment Promotion), said the state has a land bank of over 1 lakh acres and surplus power, while stressing its renewable ambitions. He also pointed to skilled and affordable labour, four industrial corridors (with a fifth in the pipeline), and a multi-modal industrial depot coming up in Katni.

Madhya Pradesh, he added, has over 5,000 active startups and has notified 18 business-friendly policies this year. The state also offers up to 40% assistance for setting up new industrial units. Singh emphasised that industries can now be established within 30 days, thanks to reforms under the Madhya Pradesh Jan Vishwas Bill, in line with Prime Minister Narendra Modi’s emphasis on the “Speed of Doing Business.”

Green Energy as a Growth Driver

Officials said the conclave underscored how mining and renewables can grow in tandem, with resource extraction projects being aligned to cleaner energy investments. The government hopes that the investment momentum, combined with its renewable energy targets, will strengthen Madhya Pradesh’s positioning as both a mineral powerhouse and a green energy leader.

Saur Energy View: Commitments To Reality Gap

Of course, it must be remembered that there is usually a significant gap between commitments and reality. All state investment conclaves focus on the headline numbers, and we have observed over the years that actual conversions can vary between 5-15%. Never higher. On the other hand, with relatively tried and tested renewable energy commitments, the conversions should usually be higher, unless issues like land acquisition trip it up there as well. It remains to be seen how Madhya Pradesh fares.