Davos

Madhya Pradesh Chief Minister Mohan Yadav on Wednesday said India’s sustained economic momentum and growing global trust are opening up fresh opportunities for states, as he projected Madhya Pradesh as an emerging investment destination at the World Economic Forum (WEF) Annual Meeting in Davos. He emphasised that the state is witnessing strong investor interest, particularly in electric vehicles (EVs) and renewable energy.

Speaking to ANI, Yadav said India’s presence at the global summit reflects its expanding role on the world stage, with the country sending its largest-ever delegation to the WEF. He said India is progressing rapidly across sectors and is expected to become the world’s third-largest economy within the next one to one-and-a-half years, creating immense scope for growth-oriented states like Madhya Pradesh. The Chief Minister added that the state has made notable advances over the last two years in sectors such as energy, healthcare, information technology and tourism.

Highlighting recent global assessments, Yadav referred to India’s rise as the world’s fourth-largest economy in July 2025, when it overtook Japan, according to the Rubix Country Insights Report by Rubix Data Sciences. He said this shift in economic rankings underlines India’s growing influence in the global economy and has further strengthened investor confidence.

On renewable energy, the Chief Minister said Madhya Pradesh has positioned itself as a major power hub, with solar power generation initiated at the Omkareshwar Dam. He noted that approximately 32 lakh farmers in the state have been provided solar-powered pumps and claimed that Madhya Pradesh offers the most affordable electricity generated from renewable sources in the country.

Addressing the electric vehicle sector, Yadav said the state’s central location, availability of land and reliable power supply are key factors driving investor interest. He said Madhya Pradesh is increasingly being viewed as a preferred destination for EV manufacturing and allied industries, adding that several investors have already signed memorandums of understanding with the state government in this regard.

The Chief Minister also spoke about expanding international engagement, including discussions with Maldives Minister of Economic Development and Trade Mohamed Saeed. He said both sides see potential for collaboration in areas such as tourism, fisheries, IT, healthcare and education, with plans for reciprocal visits to further strengthen cooperation.

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Earlier, the Madhya Pradesh government organised a roundtable titled ‘Invest in India: Madhya Pradesh – A Strategic Investment Hub’ at the WEF, where it highlighted investment opportunities in automobiles, renewable energy, pharmaceuticals, textiles, IT-ITeS, agriculture and logistics. Officials said the state delegation also held meetings with corporate leaders, including ReNew Power chairman Sumant Sinha, to explore the expansion of renewable energy projects and data centre investments.