India, Aug. 5 -- Madhya Pradesh received investment proposals worth Rs.1,550 crore for the proposed Gwalior Telecom Manufacturing Zone (TMZ) at an investor roundtable held in Mumbai on Tuesday, Chief Minister Mohan Yadav said.

Addressing the event, Yadav said the proposed investments would add to the state's efforts to develop Gwalior as a telecom manufacturing hub. He said the state had introduced industry-focused policies over the past two-and-a-half years that had helped attract investments across sectors.

The chief minister said an earlier roundtable held in New Delhi had generated investment proposals worth around Rs.3,500 crore, which the state estimates could create about 12,000 jobs.

According to the state government, five comp...