MP Semiconductor Summit: Rs 5,800 Crore Proposals, 10,000 Jobs
Madhya Pradesh received investment proposals of about Rs 5,800 crore at the MP Semiconductor Summit-2026 in Indore on Friday, 23 October, and Chief Minister Mohan Yadav said they could create more than 10,000 jobs. The two-day summit, held at the Brilliant Convention Centre, was inaugurated by Yadav. He also met representatives of more than 12 companies and institutions, The News Mill reported with ANI inputs.
Who Has Put Money on the Table
Business Standard listed the proposals by company: Una Ecosystems, Rs 2,000 crore for an electronics manufacturing facility with 2,000 jobs; Spintronics AI Semiconductors, Rs 1,800 crore in two phases; and Lalwala Industries, Rs 1,200 crore for chip manufacturing and design. Smaller proposals came from Dhanush Healthcare Systems, Beyond Studios, Indusilica Semiconductors, Nanodrites Technology and Truechip Solutions. These are proposals, not completed investments.
Separately, the state issued land allotment letters of intent to five companies, covering Rs 9,625 crore and over 4,450 direct jobs. The reports name four of them: Cytech RE (a Rs 6,415 crore, 50 MW data centre at Gwalior), Auriga IT Solutions (Rs 500 crore, Indore), Meena Circuits (Rs 400 crore) and Kaynes Electronics (Rs 310 crore, Bhopal).
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What the State Offers Chip Investors
Under the Madhya Pradesh Semiconductor Policy 2025, eligible projects get 25 per cent of capital expenditure or 50 per cent of central incentives, whichever is lower. They also get a 6 per cent interest subsidy up to Rs 10 crore over five years and a power subsidy of Rs 2 per unit for the first 10 years. Stamp duty and registration charges are reimbursed.
Yadav announced a Semiconductor Centre of Excellence and a Centre of Excellence for Photonics and Quantum Technologies. The state electronics development corporation signed MoUs with five institutions, including SEMI India and the Semiconductor Laboratory in Mohali.
Global Investors Summit Due in January 2027
The summit was held ahead of the Global Investors Summit in January 2027, to which Yadav invited industry. In July, Paras Semiconductors signed an MoU with the state for a packaging and testing plant of about Rs 6,200 crore in the Indore-Ujjain region. Yadav said Madhya Pradesh has received proposals worth about Rs 34 lakh crore through the 2025 investors summit and other efforts, with over 30 per cent in implementation.
More economy coverage is in the Economy section.
Source: Based on reporting by Business Standard and The News Mill.
Image: IPB.
