Google Cloud to Establish Startup Hub in Madhya Pradesh Following Rs 3,200 Crore Investment Proposals

0
99
Google Cloud to Establish Startup Hub in Madhya Pradesh Following Rs 3,200 Crore Investment Proposals

Madhya Pradesh Chief Minister Mohan Yadav announced that Google Cloud has proposed establishing a startup hub and center of excellence in the state. During a two-day visit to Bengaluru, proposals with an investment potential of approximately Rs 3,200 crore were received.

Yadav explained that Google Cloud’s initiative aims to boost the skilled workforce in Madhya Pradesh by setting up these new facilities. His visit also included a meeting with Hindustan Aeronautics Limited (HAL), where discussions took place about establishing a HAL center in Madhya Pradesh, which are expected to produce favorable outcomes.

Additionally, Nvidia has recommended creating a blueprint to position Madhya Pradesh as the ‘Intelligence Capital of India.’ Under the ‘Invest Madhya Pradesh’ initiative in Bengaluru, investment proposals totaling around Rs 3,200 crore were submitted, promising to create about 7,000 job opportunities.

Yadav noted that the visit was a positive step for investment, highlighting the close relationship between Madhya Pradesh and Karnataka, and the goal of the ‘Invest Madhya Pradesh’ program was to provide more space for business and industry growth in Karnataka.

During the visit, Yadav participated in a roundtable discussion with representatives from the space technology sector, NASSCOM, and major companies such as Infosys Ltd, Cognizant, and TCS. These discussions focused on IT development in Madhya Pradesh and future plans, with expectations that many IT companies will establish campuses in the state.

The interactive session saw over 500 participants, including investors from Karnataka and neighboring states. Yadav also held one-on-one meetings with more than 30 leading industrialists. Representatives from various industry bodies and countries including Britain, Poland, Italy, France, Australia, and Switzerland were also present.

MoUs were signed with the India Electronics and Semiconductor Association, the Electronic Industries Association of India, and the Association of Geospatial Industries.