Madhya Pradesh secured a clutch of high-value investment proposals across technology and emerging sectors during a series of investor meetings in Bengaluru on 22 September 2026, as Chief Minister Mohan Yadav led the state's outreach to the city's deep technology ecosystem. The proposals — totalling over ₹710 crore — span Global Capability Centres, chip-design facilities, data centres, drone manufacturing and deep-tech venture funding.

Key Investment Proposals on the Table

Bengaluru-based Tholons discussed a proposal to establish a Global Capability Centre (GCC) in Madhya Pradesh with an investment of ₹210 crore. Canada-based CGI also expressed interest in expanding its operations in the state, though no investment figure was disclosed at this stage.

In the semiconductor space, Maven Silicon's Aceic Design Technologies proposed a ₹100 crore chip-design facility, with ₹25 crore earmarked for the first phase. Separately, Core-IC Technologies tabled a matching ₹100 crore proposal for chip-design services, also to be deployed in phases.

Deep-Tech, Drones and Data Centres

Deep-tech venture capital fund Seafund presented a plan to channel approximately ₹200 crore in funding to Madhya Pradesh-based startups. Ninestars Information Technologies discussed setting up a data centre in the state, adding to the digital infrastructure pipeline.

Representatives from Airbound, ideaForge, Nautical Wings, NewSpace Research and Technologies and Unmanned Systems engaged with the state government on building a drone manufacturing and testing ecosystem. The discussions also covered opportunities in space technology, defence technology and sustainability.

Gwalior Telecom Manufacturing Zone in Focus

Chief Minister Yadav highlighted the Gwalior Telecom Manufacturing Zone (TMZ) as a key anchor for investment, describing the state's focus on research, innovation and manufacturing of telecom equipment. Union Minister Jyotiraditya Scindia, who accompanied Yadav along with local Bharatiya Janata Party (BJP) leaders from Gwalior, noted that nearly 24 companies have already committed to the zone's first phase.

'Bengaluru is set to play a key role in powering Asia's first Telecom Manufacturing Zone in Gwalior. A productive investor roundtable today with technology leaders, manufacturers and investors as we gear up for TMZ. With nearly 24 companies already on board, Phase 1 of the TMZ now moves forward with a clear ambition of Make in India for the world,' Scindia wrote on X.

What the Government Said

'The state government is fully committed to providing a secure environment, swift approvals through a single-window system and policy support to every investor,' Yadav said during the meetings. He added that industrial development was being pursued across multiple regions — including Gwalior, Jabalpur, Indore, Bhopal and Ujjain — with a particular emphasis on MSMEs and small-scale industries.

'I personally interact with investors during every roadshow, accompanied by senior officials, to ensure that investment-related issues or requirements are resolved promptly,' Yadav said. The government described the Bengaluru outreach as an effort to connect Madhya Pradesh's industrial potential with the city's technology ecosystem and generate employment across sectors.

Broader Context and What Comes Next

The Bengaluru investor meetings are part of a broader pre-investment summit outreach strategy that Madhya Pradesh has pursued aggressively since 2023, positioning the state as an alternative technology and manufacturing destination to more saturated hubs. The chip-design proposals, in particular, align with the Centre's push under its semiconductor mission to distribute design and fabrication activity beyond established clusters in Bengaluru and Hyderabad. Whether the proposals translate into signed agreements and ground-level activity will depend on how swiftly the state's single-window approval mechanism delivers on its promise.