Indore/Bhopal: Madhya Pradesh has received investment proposals worth approximately ₹5,800 crore, with the potential to create more than 10,000 employment opportunities, through the Madhya Pradesh Semiconductor Summit 2026. Chief Minister Dr Mohan Yadav said the proposals reflect growing interest from domestic and international companies in developing the state’s semiconductor, electronics manufacturing, information technology and advanced technology sectors.
Addressing the inaugural session of the two-day summit at the Brilliant Convention Centre in Indore on Friday, the Chief Minister said the state government was committed to establishing Madhya Pradesh as one of India’s leading semiconductor and technology hubs.
The summit witnessed participation from more than 1,000 delegates, including delegations from Japan, South Korea, Taiwan and Sweden. The event features eight panel discussions, five roundtables and six keynote addresses, along with stakeholder consultations on the Madhya Pradesh Semiconductor Policy 2025 and the MP Semicon Startup Challenge.
The summit also witnessed announcements for Centres of Excellence in semiconductor technology, photonics and quantum technologies, memorandums of understanding (MoUs) with five institutions, and letters of intent for land allocation and office space to technology companies.
Madhya Pradesh Semiconductor Summit 2026: Key Investment Highlights
The summit showcased investment opportunities across semiconductor manufacturing, chip design, electronics systems design and manufacturing (ESDM), data centres, IT infrastructure, audiovisual, gaming, comics and extended reality (AVGC-XR), and healthcare technology.
Key announcements included:
- Investment proposals: Approximately ₹5,800 crore, with more than 10,000 employment opportunities expected from proposals discussed during the summit.
- One-to-one meetings: Chief Minister Mohan Yadav held discussions with representatives of more than 12 companies and institutions.
- Land allocation proposals: Five companies received letters of intent involving ₹9,625 crore in proposed investments and more than 4,450 direct jobs.
- Office space allotments: Seven companies received letters of intent for office space in Indore, with more than 1,280 jobs expected.
- New Centres of Excellence: The state announced plans for semiconductor technology, photonics and quantum technologies.
- Industry partnerships: Five MoUs were exchanged to promote investment, skill development, chip design, research and industry collaboration.
- Global participation: More than 1,000 delegates attended, including representatives from Japan, South Korea, Taiwan and Sweden.
Read also: Madhya Pradesh CM Mohan Yadav Meets Taiwan Representative to Discuss Semiconductor Investments
CM Mohan Yadav Announces Semiconductor and Quantum Technology Centres of Excellence
Chief Minister Mohan Yadav announced the establishment of a Semiconductor Centre of Excellence in Madhya Pradesh to strengthen chip design, Very Large Scale Integration (VLSI), innovation, research and development, prototyping and skill development.
The state will also establish a Centre of Excellence for Photonics and Quantum Technologies. The initiative aims to create new opportunities in quantum computing, quantum communication, photonics, advanced materials and deep-tech research.
In another major announcement, the government said high-technology industries would receive priority in the development of the Indore-Ujjain Economic Corridor. The focus areas will include semiconductor manufacturing, electronics manufacturing, advanced packaging, chip design and other high-tech industries.
These initiatives are intended to strengthen the state’s technological capabilities, support research and innovation, and create a stronger foundation for advanced manufacturing.
Mohan Yadav Says Madhya Pradesh Received ₹34 Lakh Crore in Investment Proposals
Addressing industry representatives, Chief Minister Mohan Yadav said Madhya Pradesh had introduced more than 25 policies over the past two-and-a-half years to expand investment opportunities and accelerate industrial development.
He said the state had received investment proposals worth approximately ₹34 lakh crore through the Global Investors Summit and other initiatives, with more than 30% of the proposed investments having moved towards implementation.
The Chief Minister said the government was working to convert investment proposals into actual projects by simplifying procedures, ensuring timely approvals and resolving industry-related issues.
He emphasised that Madhya Pradesh welcomed investors and was committed to providing a transparent, supportive and business-friendly environment. The government’s approach, he said, prioritised decisions over paperwork, projects over possibilities and solutions over problems.
Mohan Yadav also highlighted the importance of the semiconductor industry, recalling how the global shortage of semiconductor chips during the COVID-19 pandemic disrupted economic activity and demonstrated the sector’s economic and strategic significance.
He said India was moving towards semiconductor self-reliance under Prime Minister Narendra Modi’s leadership and that Madhya Pradesh aimed to play a significant role in this national effort.
State Expands Industrial Development Across Technology and Manufacturing
The Chief Minister said Madhya Pradesh was progressing beyond agriculture into industries, technology and manufacturing. He highlighted ongoing efforts to develop Gwalior as a telecommunications manufacturing centre and cited progress in pharmaceuticals, textiles and defence production.
According to the Chief Minister, the state’s electricity generation capacity had increased from approximately 5,000 MW to 32,000 MW. He also highlighted developments in renewable energy and the government’s efforts to provide industries with competitively priced electricity.
During the summit, discussions covered chip design, advanced packaging, testing, artificial intelligence (AI), electronics and manufacturing. Mohan Yadav said the state had a talented workforce and strong demographic potential, and that collaboration between the government and industry would help translate these strengths into actual projects.
He also stressed that industrial development must go hand in hand with workers’ welfare. Referring to the pending dues of more than 7,000 workers of Indore’s Hukumchand Mill, he said the government remained committed to protecting workers’ interests alongside industrial growth.
The Chief Minister invited industry representatives to participate in the upcoming Global Investors Summit and explore further investment opportunities in the state.
Five Companies Receive Land Allocation Letters for Projects Worth ₹9,625 Crore
Five companies received letters of intent for land allocation for industrial projects in Bhopal, Indore and Gwalior. The projects involve proposed investments of ₹9,625 crore and are expected to generate more than 4,450 direct employment opportunities.
The proposed projects include:
- Cyteck RE: The company will establish a hyperscale data centre with a capacity of 50 MW at Ganga Malanpur in Gwalior, with a proposed investment of ₹6,415 crore.
- Una Ecosystems Pvt. Ltd.: The company will set up a lithium-cell manufacturing unit with a capacity of 1.5 GWh at EMC-2 in Bhopal, involving an investment of ₹2,000 crore.
- Auriga IT Solutions Pvt. Ltd.: The company will establish a Global Capability Centre (GCC) at Singhassa IT Park in Indore with an investment of ₹500 crore. The project is expected to create 3,500 jobs.
- Meena Circuits: The company will establish an electronics system design and manufacturing (ESDM) unit with a proposed investment of ₹400 crore.
- Kaynes Electronics: The company will establish an electronics manufacturing unit at IT Park, Barwai, Bhopal, with an investment of ₹310 crore. The project is expected to generate approximately 950 jobs.
The projects span data centre infrastructure, lithium-cell manufacturing, global business services and electronics manufacturing, expanding the state’s industrial base beyond traditional sectors.
Seven Companies Receive Letters of Intent for Office Space in Indore
Chief Minister Mohan Yadav also handed over letters of intent to seven companies for office space at IT Park-4 in the Electronics Complex at Pardesipura, Indore.
A total of 44,815.67 square feet of office space will be made available on lease. The proposed facilities are expected to create more than 1,280 employment opportunities.
The companies and their proposed activities include:
- ADT Semiconductors Pvt. Ltd.: The company will receive 16,508 square feet to establish an R&D design centre and the Maven Silicon Centre of Excellence. The project is expected to generate 500 jobs.
- Spintronics AI Semiconductors Pvt. Ltd.: The Hyderabad-based company will undertake semiconductor design, product development and engineering support activities, creating 250 jobs.
- IkshwakuMedia Pvt. Ltd.: The Indore-based company will establish a generative AI-powered digital content production studio and an AVGC-XR Centre of Excellence for skill development, with 200 jobs expected.
- H-Semi Products Pvt. Ltd.: The Singapore-based company will undertake R&D and first-article inspection sample production for outsourced semiconductor assembly and test (OSAT) units, creating 150 jobs.
- Truechip Solutions Pvt. Ltd.: The New Delhi-based company will provide semiconductor design services, generating 100 jobs.
- SFA Technologies Pvt. Ltd.: The Bhopal-based company will undertake IT and IT-enabled services (ITeS) activities, creating 50 jobs.
- Kishkindha International Pvt. Ltd.: The Ghaziabad-based company will work in ESDM chip design, VLSI, and semiconductor laboratory verification, prototyping and testing, generating 30 jobs.
The office-space allotments are intended to encourage semiconductor design, engineering, research, digital content development and other technology-driven activities in Indore.
CM Holds One-to-One Meetings With More Than 12 Companies
During the summit, Chief Minister Mohan Yadav held individual meetings with representatives of more than 12 companies and institutions to discuss investment opportunities in semiconductors, ESDM, data centres, IT infrastructure, AVGC-XR and healthcare technology.
The discussions generated investment proposals worth approximately ₹5,800 crore, with more than 10,000 jobs expected. The Chief Minister assured investors of government support through single-window clearances, faster approvals and affordable electricity available round the clock.
Semiconductor Manufacturing and Chip Design Proposals
Several companies presented plans for semiconductor manufacturing, chip design and technology development.
- Lalwala Industries: CEO Saurabh Harivadan Lalwala proposed an investment of ₹1,200 crore, with 300 jobs expected.
- Spintronics AI Semiconductors: Founder and CEO Raghu Verma and Managing Director Shrijit Paruchuri presented a two-phase investment proposal of ₹1,800 crore, with 150 jobs expected.
- Indusilica Semiconductors: Co-founders Sunil Rawat and Aditya B. Malik proposed an investment of ₹100 crore, with 150 jobs expected.
- Nanodrives Technology: Managing Director Harshit Tiwari proposed an investment of ₹65 crore, with 140 jobs expected.
- Truechip Solutions: CEO Nitin Kishore and Ranveer presented an investment proposal of ₹10 crore, with 50 jobs expected.
Discussions covered semiconductor manufacturing, fabless technology, chip design and opportunities to expand projects in Madhya Pradesh.
The Chief Minister also met Alok, founder and CEO of Mirafra, to discuss expanding chip design services. Professor Lung-Jieh Yang, Science Director in the Science and Technology Division of the Taipei Economic and Cultural Center in India, discussed opportunities to attract semiconductor investment from Taiwan and strengthen scientific and technical cooperation.
Investment Proposals in Electronics, AVGC-XR and Healthcare Technology
Other meetings focused on electronics manufacturing, digital infrastructure, creative technology and healthcare.
- Una Ecosystems Pvt. Ltd.: Representatives Shinichi Saito and CEO Vishal Singh proposed an investment of ₹2,000 crore in the ESDM sector, with 2,000 jobs expected. The discussions focused on establishing a manufacturing unit in the state.
- Beyond Studios: Representatives Bharat Bhushan (Sebastian) and Sebastian Noah Acosta Jr. proposed an investment of ₹110 crore, with 360 jobs expected in the AVGC-XR sector.
- Dhanush Healthcare Systems: Representative D.S.N. Murthy presented a proposal to invest ₹400 crore, with 500 jobs expected in healthcare technology.
- ANAR Group: Chairman Dr Shyam R. Singhania discussed the development of data centres and related infrastructure.
- JLL: India Head A. Shankar and Senior Director Simon Thomas discussed opportunities in IT infrastructure and data centres.
These meetings highlighted the state’s efforts to attract investments across interconnected technology sectors and develop a wider industrial ecosystem.
Semiconductor Policy 2025 Released in Japanese, Taiwanese and Korean Languages
At the summit, Chief Minister Mohan Yadav released the Madhya Pradesh Semiconductor Policy 2025 in Japanese, Taiwanese and Korean languages to improve outreach to international investors.
He also visited the semiconductor exhibition, where companies, startups and research institutions showcased technologies, innovations and work related to indigenous chip development.
An audiovisual presentation highlighting the key features of the state’s semiconductor policy and major industry events was also screened during the programme.
MP Semicon Startup Challenge Winners Receive ₹6 Lakh in Awards
The Chief Minister felicitated the winners of the MP Semicon Startup Challenge, organised with support from the Drishti CPS Foundation at IIT Indore.
The challenge featured pitching sessions by 25 selected startups working in semiconductors, electronics, embedded systems and deep technology. Following the presentations, 10 finalists were selected.
The winners received a total prize amount of ₹6 lakh, distributed as follows:
- First prize: ₹3 lakh
- Second prize: ₹2 lakh
- Third prize: ₹1 lakh
The initiative aims to encourage entrepreneurship, innovation and the development of new technologies in semiconductor and related sectors.
Five MoUs Signed to Strengthen Semiconductor Skills, Research and Investment
In the presence of Chief Minister Mohan Yadav, the Madhya Pradesh State Electronics Development Corporation (MPSEDC) exchanged MoUs with five institutions to strengthen skill development, investment promotion, chip design, research and industry collaboration.
The partnerships cover the following areas:
1. Electronics Sector Skills Council of India
The partnership will support industry-oriented training in electronics, ESDM and semiconductors, including training of trainers, assessments and certification.
2. SEMI India
The collaboration will focus on investment promotion and facilitation, engagement with global industries, showcasing Madhya Pradesh at SEMICON India, developing the semiconductor ecosystem and industrial parks, and organising business-to-business (B2B) and business-to-government (B2G) meetings.
3. Semiconductor Laboratory (SCL), Mohali
The partnership will support chip design and design services, chip fabrication and packaging collaboration at SCL, and training and industry-oriented programmes for engineering institutions in Madhya Pradesh.
4. International Semiconductor Industry Group, London
The collaboration will focus on strategic advisory services, international investment promotion, connections with global investors and suppliers, and supply-chain development around anchor projects.
5. Indian Institute of Creative Technologies, Mumbai
The partnership will support the establishment of an AVGC-XR Centre of Excellence in Madhya Pradesh, along with joint courses, faculty development, student internships and startup incubation.
The MoUs are intended to connect educational institutions, research organisations and industry partners to build the skills and technical capabilities required by the emerging semiconductor ecosystem.
Industry Leaders Highlight Madhya Pradesh’s Investment-Friendly Policies
Urban Administration and Housing Minister Kailash Vijayvargiya said the Centre’s India Semiconductor Mission 1.0 and 2.0, launched under Prime Minister Narendra Modi’s leadership, were aimed at strengthening India’s self-reliance in semiconductors. He said Madhya Pradesh was progressing towards this goal through investor-friendly policies and a supportive business environment.
Chief Secretary Ashok Barnwal highlighted the state’s investment climate, skilled workforce and efforts to simplify industrial approvals through the Ease of Doing Business Act.
He also said the Global Skill Park in Bhopal, along with ITIs and polytechnic institutions across districts, was being developed under a hub-and-spoke model to provide industry-relevant training and prepare skilled workers according to industrial requirements.
Principal Secretary of the Department of Science and Technology M. Selvendran said semiconductors were essential not only for economic growth but also for national sovereignty and strategic security. The state was working in line with central government policies to attract semiconductor investments and emerge as a major semiconductor hub.
Professor Dr Rajiv Dixit, Vice-Chairman of AIGGPA, highlighted the state’s semiconductor and fabless industry potential. He cited its policy framework, design-linked incentives, geographical advantages and operating costs that he said were approximately 30% lower than in major metropolitan cities.
Lieutenant General Praveen Bakshi, Commandant of MCTE, Indore, emphasised the importance of indigenous technology and semiconductor manufacturing for strategic security. He said the Indian Army was working in areas such as AI, quantum technology and VLSI chip design. He also highlighted collaboration between MCTE and Madhya Pradesh, including work on a cyber research centre and indigenous semiconductor chip design with IIT Indore.
Companies Express Confidence in Madhya Pradesh’s Semiconductor Potential
Industry representatives welcomed the state’s policies and expressed interest in expanding semiconductor-related activities.
Santosh Kumar of Paras Semiconductors said semiconductor chips were becoming increasingly important for next-generation communications. He stated that the company planned an investment of ₹6,000 crore for a semiconductor assembly unit and would work with the state government to strengthen the semiconductor ecosystem, develop advanced skills and create employment opportunities.
Shinichi Saito, CEO of Global Business at Una Ecosystems Pvt. Ltd., Japan, highlighted the company’s commitment to strengthening India-Japan cooperation in semiconductors and advancing green-energy-based technologies.
Dr Satya Gupta, President of VLSI, described Madhya Pradesh’s Semiconductor Policy 2025 as one of the country’s leading policy initiatives. He expressed confidence that the state could develop five semiconductor manufacturing units and around 20 fabless companies over the next five years.
Professor Lung-Jieh Yang of the Taipei Economic and Cultural Center in India shared insights into Taiwan’s semiconductor, AI server and integrated circuit industries and discussed opportunities for investment and technical cooperation in Madhya Pradesh.
Nitin Kishore, CEO of Truechip Solutions, also praised the state’s investor-friendly policies and expressed the company’s interest in working with a global semiconductor research institute in Madhya Pradesh.
Semiconductor Exhibition Features 57 Exhibitors and 70 Booths
The MP Pavilion at the summit featured 57 exhibitors across 70 booths and three large stalls. Industries, startups, research institutions, universities and government departments showcased their technologies, research and innovations.
Global companies, including Analog Devices, Teradyne, HTL Japan and Impact Japan, representing Oxide Corporation, Scale Photonics and Ultrasonic Engineering, displayed semiconductor testing equipment, lasers, wire bonders and photomask technologies.
Indian research organisations and institutions, including Semiconductor Laboratory (SCL), Mohali; CSIR-CEERI, Pilani; Raja Ramanna Centre for Advanced Technology (RRCAT); MSTE, Mhow; and IIT Indore, showcased indigenous chips and research-related work.
Paras Semiconductors, SquaBank, fabless startups and universities from Madhya Pradesh also participated in the exhibition, highlighting the range of activities supporting the state’s semiconductor and electronics ecosystem.
Water Resources Minister Tulsiram Silawat, local MPs, MLAs and other public representatives attended the programme.
Madhya Pradesh Targets a Leading Role in India’s Semiconductor Ecosystem
Through the Madhya Pradesh Semiconductor Summit 2026, the state government has sought to strengthen its position in semiconductor manufacturing, chip design, electronics, data centres and advanced technology.
The combination of proposed investments, new Centres of Excellence, institutional partnerships, startup support and infrastructure development is intended to attract domestic and international companies and create skilled employment opportunities.
Chief Minister Mohan Yadav said the government’s focus would remain on converting investment proposals into projects through timely approvals, industry collaboration and supportive policies. The state aims to build a stronger semiconductor ecosystem that contributes to industrial growth, technological self-reliance and India’s broader ambition of becoming a developed nation by 2047.
