Bhopal (Madhya Pradesh): Underscoring the vast opportunities that Madhya Pradesh has to offer in the mining sector, CM Mohan Yadav said on Tuesday that the state will gain its biggest boost from investments in this sector. He was addressing the mining session of the Global Investors’ Summit 2025 here. The CM said that Madhya Pradesh was probably the only state in the country where finding diamonds was as easy as picking up a stone.
Setting a target of increasing mineral revenue of the state five-fold, Yadav expressed confidence that the GIS will create new records in investment. Secretary of the Union Ministry of Mines, V.L Kantha Rao, lauded the GIS as the best one yet. He said it was time for the mining sector to contribute more to the state GDP as well as the national GDP. Joint Secretary of Coal, Bhabani Prasad Pati, said that despite the emergence of new energy sources, coal will remain essential for the next 20 years. He urged investors to increase investments in the sector, noting significant opportunities in Shahdol and Chhindwara districts.
MoU for copper, mineral exploration
The Madhya Pradesh government, MP State Mining Corporation Limited, and Hindustan Copper Limited signed an MoU to utilise the NMET (National Mineral Exploration Trust) fund for copper and strategic mineral exploration in the state. Hindustan Copper Limited will lead this initiative, and upon confirming the feasibility of ore extraction, a joint venture will be formed with a 51:49 partnership for sustainable development in the first five years.
