Madhya Pradesh Chief Minister Mohan Yadav inaugurated the MP Tech Growth Conclave 3.0: GCC, Data Centres and Semiconductors on 13 July 2026 in Bhopal, securing investment commitments worth over ₹40,000 crore expected to generate more than 34,000 jobs. Spain’s Submer Group committed ₹19,000 crore ($2 billion) for a hyperscale AI-ready data centre campus in Bhopal. The state government also signed a Memorandum of Understanding with Google Play through the Madhya Pradesh State Electronics Development Corporation (MPSEDC) to boost digital innovation, startup growth, and developer capacity building.
Madhya Pradesh’s Technology Transformation
Madhya Pradesh, traditionally known for its agricultural and forest economy, has been aggressively repositioning itself as a destination for high-technology manufacturing and digital infrastructure under the leadership of Chief Minister Mohan Yadav. The government launched dedicated policies for Global Capability Centres (GCCs) and semiconductors in 2025, supplementing the broader Madhya Pradesh IT, ITeS, and ESDM Investment Promotion Policy 2023, which serves as the umbrella framework for technology investments in the state.
The state’s technology push has yielded measurable results. Investment projects worth more than ₹28,200 crore from 10 major companies across eight countries, including Spain, Canada, the United States, the United Kingdom, Japan, South Korea, Ireland, and Indo-German collaborations, are now at the ground-breaking stage. Since the Global Investors Summit 2025, over ₹12,000 crore has already been invested in the state’s technology sector. The first two editions of the MP Tech Growth Conclave together attracted investment proposals worth ₹46,000 crore, leading to the inauguration of 22 new industrial units and groundbreaking ceremonies for four additional projects.
What Are Global Capability Centres?
Global Capability Centres (GCCs) are wholly-owned offshore units established by multinational corporations to perform high-value functions such as engineering, research and development, analytics, product development, and artificial intelligence. Unlike traditional outsourcing, where work is contracted to a third-party vendor, GCCs are staffed by the parent company’s own employees, ensuring that intellectual property and strategic capabilities remain in-house.
India has become the world’s leading destination for GCCs, hosting over 1,700 centres that employ approximately 1.9 million professionals. The sector contributes an estimated $68 billion in direct gross value addition, accounting for 1.8% of India’s GDP. Industry projections indicate that the number of GCCs in India could rise to 5,000 by 2030, contributing up to $600 billion to the economy. While Bengaluru, Hyderabad, Pune, and Gurugram remain the dominant hubs, states like Madhya Pradesh are emerging as new destinations by offering industry-specific policies, lower operational costs, and skilled talent pools from institutions such as IIM Indore and IISER Bhopal.
MP Tech Growth Conclave 3.0: Key Outcomes
The conclave, held at the Taj Lakefront in Bhopal, brought together industrialists, investors, and policy experts from India and abroad. Over the course of the event, 51 major activities were completed, ranging from investment negotiations and product launches to strategic partnerships and MoUs. Leading companies such as CtrlS Datacenters, Kaynes Technology, Fujiyama Power, and Nyobolt Ltd participated to explore investment and collaboration opportunities. Academic institutions, including IIM Indore and IISER Bhopal, joined the conclave to strengthen industry-academia partnerships in skill development and research.
| Key Metric | Detail |
|---|---|
| Investment commitments | ₹40,000 crore |
| Employment generation | 34,000+ jobs |
| Activities completed | 51 |
| Previous two editions cumulative proposals | ₹46,000 crore |
| Industrial units inaugurated across editions | 22 |
| Tech sector investment since GIS 2025 | ₹12,000 crore+ |
| Foreign investment at ground-breaking stage | ₹28,200 crore from 8 countries |
The Chief Minister also announced the development of new IT infrastructure across the state. A 300,000 square feet IT Park will be developed in Indore’s IT Corridor, while a 400,000 square feet IT Park will be built in Bhopal. A plug-and-play facility will also be set up on five acres at the Satgarhi Smart Industry Park, enabling companies to begin operations immediately without constructing additional infrastructure.
Submer’s ₹19,000 Crore Hyperscale Data Centre
The most significant investment announcement at the conclave came from Spain’s Submer Group, which committed ₹19,000 crore ($2 billion) to establish a hyperscale, AI-ready data centre campus in Bhopal. The project aims to develop up to 1 gigawatt of next-generation data centre capacity using Submer’s advanced immersion cooling technology. The company has been allotted 15 acres of land in the Acharpura Industrial Area, with the state government completing the allocation in just six days.
This investment is the culmination of a Memorandum of Understanding signed between MPSEDC and Submer Technologies in July 2025, following Chief Minister Mohan Yadav’s visit to Barcelona. The project is expected to generate nearly 5,000 direct jobs and will serve as Submer’s manufacturing and export base for cooling technology across Asia.
What Is Immersion Cooling?
Submer specialises in immersion cooling, a technology where computing hardware is submerged in a specially designed dielectric liquid coolant that absorbs and dissipates heat far more efficiently than traditional air cooling. As artificial intelligence workloads drive up data centre power densities, conventional air conditioning becomes both inadequate and energy-intensive. Immersion cooling can significantly reduce energy consumption, lower carbon emissions, and eliminate water usage in the cooling process altogether.
Founded in 2015 in Barcelona, Spain, Submer has deployed over 300 MW of immersion cooling capacity globally. The company secured $55.5 million in funding in late 2024 to scale its operations and has since expanded into data centre design, construction, and AI-as-a-Service offerings. Submer operates a Gigafactory in Houston, Texas, and serves major cloud and digital infrastructure customers worldwide.
Google Play MoU: Strengthening Digital Innovation
The Madhya Pradesh government signed a Memorandum of Understanding with Google Play India Lead through MPSEDC to accelerate digital innovation, startup growth, and developer capacity building in the state. This partnership builds on a broader engagement between Madhya Pradesh and Google, which includes an earlier collaboration announced in May 2026 to establish an AI-powered governance ecosystem and an AI Centre of Excellence.
Under that earlier framework, Google committed to training 10,000 app developers in the state and introducing AI-based solutions in education, agriculture, and healthcare. At the World Economic Forum 2026 in Davos, Madhya Pradesh officials held detailed discussions with Google’s President for Asia Pacific on investment opportunities in IT, ITES, and data centre projects. The state has also partnered with the Digital India BHASHINI Division to integrate multilingual AI-powered language technologies into government platforms, reflecting a comprehensive approach to technology adoption that spans governance, industry, and skilling.
Key Takeaways
- The MP Tech Growth Conclave 3.0 was inaugurated by Chief Minister Mohan Yadav on 13 July 2026 in Bhopal, securing investment commitments of over ₹40,000 crore and generating more than 34,000 jobs.
- Spain’s Submer Group committed ₹19,000 crore ($2 billion) to build a 1 GW hyperscale AI-ready data centre in Bhopal, with 15 acres allotted in the Acharpura Industrial Area.
- Submer specialises in immersion cooling technology, where servers are submerged in liquid coolant for higher efficiency. It was founded in 2015 and is headquartered in Barcelona, Spain.
- The government signed an MoU with Google Play through MPSEDC to promote digital innovation, startup growth, and developer capacity building in Madhya Pradesh.
- New IT Parks of 300,000 sq ft in Indore and 400,000 sq ft in Bhopal were announced, along with a plug-and-play facility at Satgarhi Smart Industry Park.
- The first two editions of the conclave attracted ₹46,000 crore in investment proposals and led to the inauguration of 22 industrial units across the state.
