Indore: Madhya Pradesh Chief Minister Dr Mohan Yadav inaugurated the Madhya Pradesh Urban Growth Conclave 2.0 in Indore on Wednesday, outlining the state’s long-term vision for planned urbanisation, investment-led growth and employment generation.
The Chief Minister said the state government is working to develop Indore, Ujjain and Bhopal as metropolitan cities, with a target of creating approximately 20 lakh employment opportunities in the region by 2047. The plan includes developing 12–15 new townships and undertaking planned urban development across approximately 25,000–30,000 acres.
Under the proposed development framework, Indore Future City will cover around 5,000 acres, focusing on housing, industrial development and employment generation.
The conclave brought together government officials, investors, financial institutions and industry representatives to explore investment opportunities in urban infrastructure, housing, renewable energy, tourism, water management, waste processing and digital technology.
The event also supports the state’s broader investment ambitions ahead of the Global Investors Summit 2027.
Madhya Pradesh Targets 20 Lakh Jobs Through Metropolitan Development
Chief Minister Mohan Yadav said the state government’s priority is to make cities modern, investment-friendly, environmentally sustainable and citizen-centric.
He emphasised that cities are not merely residential centres but also important hubs for industries, trade, investment and employment. Future urban development, therefore, must integrate modern infrastructure, water security, affordable housing and improved quality of life.
The proposed metropolitan development of Indore, Ujjain and Bhopal aims to coordinate urban expansion and economic activity across the region.
Key targets announced at the conclave include:
- Employment generation: Approximately 20 lakh jobs in the Indore–Ujjain–Bhopal region by 2047.
- New townships: Development of 12–15 townships in the coming years.
- Planned urbanisation: Development across approximately 25,000–30,000 acres.
- Indore Future City: Around 5,000 acres earmarked for housing, industry and employment-related development.
- Investment implementation: The state government said investments worth approximately ₹12 lakh crore have already been brought to the ground.
The Chief Minister also highlighted investments in industrial corridors, roads, logistics, tourism, renewable energy, water management, semiconductors and advanced technology.
He said Madhya Pradesh is working towards the vision of Viksit Bharat @2047 under the leadership of Prime Minister Narendra Modi.
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₹2,013 Crore Urban Infrastructure Financing Agreements Signed
One of the major announcements at the conclave was the exchange of agreements for urban infrastructure projects involving financial arrangements worth approximately ₹2,013.81 crore.
Three major financing agreements were highlighted:
- Ujjain temple circuit: Ujjain Development Authority and Indian Overseas Bank entered into a financing arrangement worth ₹643.39 crore to improve the temple circuit and associated infrastructure.
- Indore water supply and sewerage: Indore Municipal Corporation and Bank of India signed a loan agreement worth ₹1,320.42 crore for water supply and sewerage projects.
- Rewa water supply: Rewa Municipal Corporation and HDFC Bank entered into a financing arrangement worth ₹50 crore for the implementation of a water supply scheme.
These agreements are intended to strengthen urban infrastructure, improve municipal services and support the development of religious tourism facilities.
The projects are expected to contribute to better water supply, sewerage services and visitor infrastructure, while supporting the government’s broader plans for sustainable urban development.
Three Draft Urban Policies Released for Public Consultation
The Chief Minister and other dignitaries presented three draft policies and regulatory proposals for public consultation. The proposed measures focus on affordable housing, treated wastewater reuse and the simplification of land development and building regulations.
1. Madhya Pradesh Urban Affordable Housing and Habitat Policy 2026
The draft policy aims to improve access to affordable housing in urban areas and encourage private sector investment in housing development.
Its proposed focus areas include:
- Affordable housing for urban residents.
- Rental housing development.
- In-situ redevelopment of existing settlements.
- Effective utilisation of government land.
- Greater private investment in housing and urban development.
The policy is intended to support inclusive urbanisation and expand housing opportunities as cities grow.
2. Madhya Pradesh Treated Wastewater Recycling and Reuse Policy 2026
The draft policy seeks to increase the reuse of treated wastewater and reduce dependence on freshwater resources.
Treated wastewater is proposed to be used for industrial activities, construction, horticulture, landscaping and other non-potable purposes.
The state has set a target of achieving 50% reuse of treated wastewater by 2037.
The policy is expected to strengthen water security, encourage recycling and support sustainable industrial and urban development.
3. Madhya Pradesh Unified Land Development and Building Promotion Rules 2026
The proposed rules aim to simplify and standardise land development and building construction regulations across the state.
Key areas include:
- Simplification of approval procedures.
- Promotion of mixed land use.
- Transit-oriented development.
- Urban densification and redevelopment.
- Transferable Development Rights (TDR).
- Promotion of green buildings.
The draft framework is intended to make urban planning more consistent, improve the ease of development and encourage efficient land use.
NITI Aayog’s Indore Economic Region 2047 Plan Unveiled
Chief Minister Mohan Yadav released the Indore Economic Region (IER)-2047 Economic Plan Report prepared under NITI Aayog’s City Economic Region initiative.
The plan covers eight districts: Indore, Ujjain, Dhar, Dewas, Ratlam, Khargone, Khandwa and Shajapur. It proposes an integrated approach to economic development across the Malwa-Nimar region.
According to the report presented at the conclave, the region’s economy is valued at approximately $37.4 billion, with a target of expanding it to 500billion–600 billion by 2047.
The plan also envisages:
- Generating more than 12 lakh employment opportunities.
- Attracting over $100 billion in private investment.
- Developing advanced manufacturing and electric vehicle industries.
- Establishing pharmaceutical and textile parks.
- Creating an international food-processing hub.
- Developing religious and cultural tourism circuits.
- Establishing knowledge and innovation centres.
- Expanding modern transport infrastructure.
- Developing Indore Future City.
The report identifies more than 60 proposed projects across industries, agriculture, tourism and employment-related sectors.
The wider metropolitan development announcement separately sets a target of approximately 20 lakh jobs across the Indore–Ujjain–Bhopal region by 2047. The two employment figures relate to different development plans and geographical coverage.
Della Group Plans ₹2,250 Crore Investment in Madhya Pradesh
Della Townships founder and chairman Jimmy Mistry held discussions with the Chief Minister regarding the proposed Della Ratapani Reserve Township and a luxury development project near Bhopal.
The proposed Della Racecourse project involves an investment of ₹2,250 crore across approximately 220 acres.
The project is planned to include:
- Luxury villas.
- Branded residences.
- A five-star wildlife resort.
- Horse-riding facilities.
- Polo facilities.
The proposed development aims to combine luxury living, hospitality and tourism-related activities.
Della Townships is also developing the Della Ratapani Reserve Township near Bhopal. According to Mistry, the project is being planned around modern lifestyles, health, wellness and sustainable development.
The company is working with specialist organisations on master planning, mobility, health and wellness. The project is also expected to explore experience-based hospitality, international tourism and adventure sports.
The initiative could create opportunities in tourism, hospitality, real estate and related services.
Government Highlights ₹12 Lakh Crore in Investments
Chief Minister Mohan Yadav said approximately ₹12 lakh crore worth of investments have already been brought to the ground in Madhya Pradesh.
The state is seeking to attract further investment through industrial corridors, transport networks, logistics infrastructure, tourism, renewable energy, water management and advanced technology sectors.
Additional Chief Secretary for Urban Development and Housing Sanjay Dubey said Madhya Pradesh aims to become a $2 trillion economy by 2047.
He highlighted the state’s existing infrastructure, including:
- More than 5.6 lakh kilometres of road network.
- 44 national highways.
- 22 railway junctions.
- Eight airports.
- 123 existing industrial parks, with a target of developing 160 more.
The state is also targeting investments of ₹1 lakh crore each in the Jabalpur–Bhopal–Indore industrial corridor and the Indore–Pithampur economic corridor.
In Gwalior’s telephone manufacturing zone, 24 companies have reportedly made investment commitments worth ₹5,500 crore.
The government is also promoting investment in semiconductor-related activities and other advanced technology sectors.
Six MoUs to Strengthen Water Management, Infrastructure and Tourism
Six memorandums of understanding (MoUs) were exchanged in the presence of the Chief Minister to support urban infrastructure, water management, institutional cooperation and sustainable development.
The agreements include:
- Urban infrastructure and institutional cooperation: An MoU with the Maharashtra Institution for Transformation (MITRA), Government of Maharashtra, to promote knowledge sharing, institutional cooperation and capacity building in urban development.
- Water and wastewater management: An agreement with the Hotel and Restaurant Association of Western India to encourage scientific food-waste processing, treated wastewater reuse and rainwater conservation.
- Industrial water reuse: An MoU with the Department of Industrial Policy and Investment Promotion to encourage the allocation, supply and use of treated wastewater for industrial purposes.
- Ujjain temple circuit: Financing support worth ₹643.39 crore through Ujjain Development Authority and Indian Overseas Bank.
- Indore water supply and sewerage: A ₹1,320.42 crore financing agreement between Indore Municipal Corporation and Bank of India.
- Rewa water supply: A ₹50 crore financing arrangement between Rewa Municipal Corporation and HDFC Bank.
The three financing arrangements total ₹2,013.81 crore.
The agreements are expected to improve municipal infrastructure, strengthen water and sewerage services, promote religious tourism and encourage more efficient use of water resources.
Bhopal and Indore Municipal Corporations Release Sustainability Reports
The Chief Minister also released Business Responsibility and Sustainability Reports (BRSRs) for Bhopal Municipal Corporation and Indore Municipal Corporation.
The reports highlight initiatives undertaken by the two municipal bodies in areas such as waste management, efficient resource utilisation, renewable energy and urban governance.
Indore’s report highlights its sustainability initiatives, environmental protection measures and urban management practices. Bhopal’s report focuses on waste management, resource efficiency and efforts to promote renewable energy.
The reports are intended to showcase progress in sustainable urban development and encourage greater accountability in municipal operations.
The draft of the Madhya Pradesh Unified Land Development and Building Promotion Rules 2026 was also presented for public consultation.
Chief Minister Holds One-to-One Meetings with Investors
During the conclave, Chief Minister Mohan Yadav held individual discussions with representatives of companies and institutions to explore investment and expansion opportunities across several sectors.
The discussions covered urban development, residential and commercial projects, renewable energy, electric mobility, tourism, digital services, water management and modern infrastructure.
Major discussions included:
- Jimmy Mistry, Della Townships: The proposed ₹2,250 crore luxury Racecourse project near Bhopal and the Della Ratapani Reserve Township.
- Solar and wind energy companies: Discussions with representatives of solar and wind power companies on renewable energy projects, including floating solar technology and hybrid energy solutions.
- Real estate developers: Discussions with Puravankara Limited CEO Mallanna Sasalu and Classic Group Managing Director Sandeep Srivastava on residential and commercial development and planned urbanisation.
- Digital technology: Discussions with Protean eGov Technologies representative Rakesh Doshi on digital public infrastructure and citizen-focused digital services.
- Tourism: Discussions with Jostal representative Dharmveer Singh Chauhan on tourism facilities, new tourism circuits and experience-based tourism.
- Water and waste management: Discussions with NeerCare India CMD Neeraj Srivastava on water and wastewater management, recycling and waste-to-energy solutions.
- Electric mobility: Discussions with Voltris EV Solutions co-founder Anuj Kumar on electric mobility and technology-led solutions.
- Architecture and design: Discussions with Blain Robert Design founder Blain Robert on architectural design, residential and commercial projects, and business expansion in Indore.
- Floating solar: Discussions with Ciel & Terre Managing Director and CEO Deepak Usha Devi on floating solar technology and the expansion of the Omkareshwar solar project.
- Renewable energy investment: Discussions with Sembcorp Green Infra Chief Commercial Officer Rajesh Joldev on solar and wind projects. The company operates a 40 MW project in Agar Malwa district.
- Infrastructure technology: Discussions with Longspan Structures CEO Satyajit Nimbalkar on the use of UHPFRC technology, precast infrastructure and modern road and highway construction methods.
- Smart mobility: Discussions with Medulla Soft representative Shantanu Sharma on smart traffic management and modern transport technology.
- Investment planning: Discussions with NITI Aayog Principal Adviser Anna Roy regarding the Indore Economic Region report.
- Other industry participation: The Chief Minister also held discussions with representatives of Welspun World and other participating companies.
The meetings were aimed at identifying new investment opportunities and encouraging private sector participation in the state’s urban and economic development plans.
Solar Roundtable Explores Renewable Energy and Municipal Financing
A dedicated solar roundtable was organised as part of the conclave, with participation from more than 20 investors.
Discussions focused on expanding solar energy use in urban local bodies, reducing electricity expenditure and developing new financial mechanisms to support municipal infrastructure.
Madhya Pradesh Power Generating Company Managing Director Manjeet Singh presented a proposal for a 200 MW floating solar project and battery energy storage system at Birsinghpur.
The project is estimated to cost approximately ₹1,564 crore. It is intended to supply solar power to urban local bodies and support electricity availability for up to two hours during evening periods through battery storage.
The meeting also discussed the possibility of raising funds through pooled municipal bonds for approximately 200 urban local bodies.
Urban Development and Housing Commissioner Sanket Bhondve said combining solar energy with innovative financing mechanisms could improve energy efficiency and promote sustainable urban development.
Urban Innovation Gallery Showcases Major Development Projects
The Urban Innovation Gallery at the conclave showcased planned and ongoing projects to highlight investment opportunities in housing, education, tourism, clean energy, waste management and urban infrastructure.
Major projects displayed included:
- Tortoise City, Bhopal: A proposed redevelopment initiative covering approximately 4,600 housing units.
- Central Vista and State Capital Complex: Modernisation of administrative and urban infrastructure.
- Hukumchand Mill land, Indore: Redevelopment of the former industrial land.
- Education, Knowledge and AI City, Bhopal: A proposed development at Bhauri focused on education, innovation and artificial intelligence.
- Ujjain temple development: Development of 11 major temple complexes.
- Chitrakoot integrated temple tourism project: An initiative focused on religious tourism infrastructure.
- Birsinghpur floating solar project: A proposed 200 MW solar facility with battery energy storage.
- Bhopal housing redevelopment: An in-situ redevelopment project covering 21,255 economically weaker section (EWS) housing units.
- Compressed biogas plants: Proposed facilities across five cities to promote scientific waste processing and clean energy generation.
The gallery also presented plans related to modern transport, digital governance, renewable energy and the upcoming Simhastha 2028 and Global Investors Summit 2027.
Leaders Highlight Cities as Engines of Economic Growth
Kailash Vijayvargiya: Cities Must Drive Economic Development
Urban Development and Housing Minister Kailash Vijayvargiya said urbanisation must be central to long-term development planning, noting that more than half of India’s population is expected to live in urban areas by 2047.
He said cities should be viewed as engines of economic growth rather than being limited to roads, housing and drainage infrastructure.
Vijayvargiya highlighted Indore’s cleanliness achievements, attributing them to active public participation alongside the municipal corporation and administration. He also referred to the city’s efforts in urban greening, including a record associated with planting 12 lakh saplings in 24 hours during his tenure as mayor.
He added that Indore is developing as an IT hub and offers an inclusive environment for people from across the country to work and build businesses.
Tulsiram Silawat: Urban Development Supports Viksit Bharat
Water Resources Minister Tulsiram Silawat said Chief Minister Mohan Yadav is working to advance Prime Minister Narendra Modi’s vision of Viksit Bharat.
He described Indore as an important contributor to the state’s development and said long-term planning and new development priorities were creating fresh opportunities for Madhya Pradesh.
Shankar Lalwani: Indore Targets Faster Economic Growth
Member of Parliament Shankar Lalwani said the state is preparing long-term development roadmaps for both Madhya Pradesh and its cities.
He highlighted the recognition of Indore’s development blueprint by NITI Aayog and said the city aims to double its GDP within five years, compared with the approximately 10-year period previously required.
Sanjay Dubey: Planned Urbanisation to Support a $2 Trillion Economy
Additional Chief Secretary Sanjay Dubey emphasised the importance of planned urban development, modern infrastructure and investment-friendly policies.
He said the state’s industrial corridors, road network, railway connectivity, airports and industrial parks provide a foundation for future economic expansion.
The government intends to expand industrial infrastructure and attract investment across manufacturing, logistics, technology and other sectors to support its 2047 economic goals.
Madhya Pradesh Urban Growth Conclave 2.0: Focus on Long-Term Development
The Madhya Pradesh Urban Growth Conclave 2.0 brought together government institutions, investors, financial organisations and industry representatives to discuss the future of urban development in the state.
The event featured the release of economic planning reports, presentation of draft policies, financing agreements for infrastructure projects and discussions on private investment.
The proposed metropolitan region, Indore Future City, Della Group’s planned luxury development and the ₹2,013.81 crore in financing arrangements were among the major announcements.
Through these initiatives, the state government aims to strengthen urban infrastructure, improve municipal services, expand housing and tourism opportunities, promote renewable energy and create employment.
The plans are intended to contribute to Madhya Pradesh’s long-term economic ambitions and support the broader vision of Viksit Bharat by 2047.
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