Bhopal, Oct. 15 -- Madhya Pradesh Chief Minister Mohan Yadav chaired a cabinet meeting held at the state secretariat in Bhopal on Thursday, granting approvals to various proposals and decisions for the all-round development of the state.

In a major decision, the Cabinet approved the formation of a wholly state-owned company for the integrated development of the Jabalpur-Indore Economic Corridor and other industrial hubs, with an initial paid-up capital of Rs 100 crore from the state government.

The company will focus on developing industrial parks, logistics hubs, food and agro-processing parks, IT parks, global capability centres and associated residential and social infrastructure. It will have powers related to land management, acqui...