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Shah Touts Rapid Chip Self-Reliance as MP Unveils Rs 2 Lakh Crore in Projects

At Gwalior’s Madhya Pradesh Growth Summit, Shah coupled new project launches with a forecast of semiconductor self-reliance.

Overview

  • Shah inaugurated or laid foundations for roughly Rs 2 lakh crore in investments at the state summit, with officials projecting about 1.93 lakh jobs.
  • He said India entered semiconductors late yet made a strong start and would soon be self-reliant with exports to follow.
  • Madhya Pradesh logged 4.57 lakh new MSME registrations in a year, and Shah said nearly half of the state’s startups are led by women.
  • He cited a planned multi-modal logistics park in Indore and launched the e-Zero FIR system, described as the second rollout in India after New Delhi.
  • Shah highlighted foreign exchange reserves above $700 billion and said India accounted for 46% of global digital transactions in 2024-25.