In a significant move for India’s renewable energy landscape, the Avaada Group has pledged an investment of Rs 50,000 crore in Madhya Pradesh. The announcement was made by Avaada Group Chairman Vineet Mittal during the MP-GIS 2025 Curtain Raiser event in New Delhi. Mittal highlighted the company’s strong ties with the state, citing the establishment of a 151 MW renewable energy plant in 2013 as a foundation for this new commitment.
The investment will target the development of solar, wind, pumped storage, and battery storage projects, with a focus on the Bundelkhand and Malwa regions. Mittal emphasized that the initiative will create substantial employment opportunities and foster partnerships with local businesses. “Madhya Pradesh presents some challenges, but the government’s proactive approach ensures quick resolutions, which boosts investor confidence,” he said.
Madhya Pradesh Chief Minister Mohan Yadav welcomed the investment, underscoring the state’s business-friendly policies. “Engagement with industrialists is key to attracting investment. With land costs much lower than in metro cities like Delhi and Mumbai, Madhya Pradesh offers a highly attractive proposition for businesses,” Yadav stated. He also outlined various incentives aimed at drawing industries to the state.
Chief Secretary Anurag Jain reinforced the state’s commitment to growth through policy-driven initiatives. He revealed that 11 new policies have been approved under the ‘Industrial Investment Promotion Policy 2025’ within just one month. Additionally, 20 policies are already in place, with more expected to be introduced soon.
Raghavendra Singh, Principal Secretary of the Industrial Policy and Investment Promotion Department, described Madhya Pradesh as one of India’s fastest-growing states. He encouraged investors to attend the upcoming Global Investors Summit in Bhopal to explore the state’s vast opportunities.
The Avaada Group, a leading Indian conglomerate in the renewable energy sector, specializes in energy generation, storage, and distribution. With a strong focus on solar power, the company is at the forefront of India’s transition to sustainable energy solutions. This latest investment underscores its commitment to driving a greener future for the country.
