Gulf Ispat Limited will set up a Rs 3500 crore integrated steel plant in Madhya Pradesh, according to press release here on Monday. Company director Ayush Goyal met MP chief minister Shivraj Singh Chouhan here on Monday. The integrated steel plant would be located at village Ghughra in Jabalpur district.

Chouhan said that investors and investment are welcome in the state. Industry-friendly atmosphere is prevailing in the state. Transparent procedures have been laid down for investors coming to the state. Special attention is paid to ensure that investors do not face any problem.

Along with Goyal, BLA Power managing director Anoop Agrawal also met Chouhan. BLA power has set up a Rs 440 crore 135 MW thermal power plant in village Niwari in Narsinghpur district. It has commenced power generation in May 2012.