Madhya Pradesh Seeks Space Tech Investments

Madhya Pradesh Chief Minister Mohan Yadav is initiating a two-day investors' summit road-show in Bengaluru to woo industrialists and seek investments in space technology and garment sectors, aiming to boost local economy and employment in the state.

Madhya Pradesh Chief Minister Mohan Yadav will engage with industrialists during a two-day investors' summit road-show in Bengaluru, targeting investments in space technology for the state's development.

The event, taking place on August 7-8, aims to attract space tech firms for the first time, leveraging satellite imagery and data analytics to enhance state development plans. "Space technology companies improve global monitoring and security through cutting-edge tech," an official statement noted.

CM Yadav will invite key players like Pixxel, Digantara, Galaxeye, SatSure, and KaleidEO Sky Server to invest. SatSure's satellite imagery aids agriculture, while Pixxel specializes in Earth imaging. Discussions will also involve IT sector investments.

Furthermore, Yadav plans to establish Global Capability Centers in Bhopal and Indore to create jobs and stimulate the local economy. These centres will leverage local talent, encourage innovation, and enhance the ecosystem. Discussions will also focus on garment industry investments, with companies like Best Corp and Gokaldas expressing interest.

Investment in the garment sector is expected to bolster the state's economy and generate employment, positioning Madhya Pradesh as a key player in the global garment industry.

(With inputs from agencies.)