NEW DELHI: Nearly a year after the Madhya Pradesh government announced investment commitments worth over Rs 26 lakh crore at the Global Investors’ Summit (GIS) held in February 2025, nationally compiled investment data shows that the state has so far accounted for only a small share of fresh investment proposals recorded across the country.
According to a Bank of Baroda (BoB) economic research report, India recorded Rs 26.62 lakh crore worth of new investment intentions during the first nine months of FY 2025-26 (April to December). Madhya Pradesh’s share in these nationally recorded investment intentions stood at 3.2 percent, placing it outside the top five investment-attracting states during the period. In value terms, this translates to roughly Rs 85,000 crore worth of investment proposals attributable to Madhya Pradesh during this period, based on the report’s aggregate numbers.
The BoB report is based on data from the Centre for Monitoring Indian Economy (CMIE) and tracks standardised, documented investment announcements that meet defined disclosure thresholds. It does not measure actual capital expenditure or on-ground execution, but is widely used as a national benchmark to assess where bankable investment proposals are emerging.
At the conclusion of the MP Global Investors’ Summit in February 2025, Chief Minister Mohan Yadav had announced that the state had received Rs 26.61 lakh crore worth of investment proposals over the two-day event. The government later said that when commitments made during Regional Industry Conclaves (RICs) held across the state over the preceding year were included, the total investment intent rose to nearly Rs 31 lakh crore, with a projected employment potential of around 1.73 million jobs.
Investment commitments announced at such summits typically include non-binding memorandum of understanding, expressions of interest, and in-principle proposals, many of which are multi-year, conditional, or exploratory in nature. These commitments do not automatically translate into projects being recorded in national investment databases or into immediate capital spending.
The BoB report shows that states such as Andhra Pradesh, Odisha, Maharashtra, Telangana, and Gujarat together accounted for nearly two-thirds of all investment intentions announced nationally during April-December 2025, driven largely by large power, infrastructure, metals, and technology related projects.
While the Madhya Pradesh government has maintained that many of the GIS commitments are long-gestation projects that will materialise over time, the current national data indicates that most of the headline promises have yet to convert into formally recorded investment intentions, let alone realised investment on the ground.
Official disclosures also show that the state government spent at least Rs 85 crore of public funds—on preparations and outreach linked to the summit. This includes around Rs 67 crore spent on road repairs, city beautification, and renovation of circuit houses and guest facilities in Bhopal ahead of the event, as well as over Rs 18 crore spent on the Chief Minister’s foreign investment promotion visits to countries such as the UK, Germany, and Japan in the run-up to the GIS.
The government has not disclosed a consolidated figure for the total cost of organising the two-day summit, including expenditure on venue, security, hospitality, logistics, and publicity. The BoB report notes that investment intentions are only an early indicator and that actual investment outcomes can be assessed only over a longer time horizon, through measures such as project commissioning, company capital expenditure, and gross fixed capital formation data.
