Madhya Pradesh
Madhya Pradesh is today emerging as a major destination of investment opportunities due to its strong economy, world-class infrastructure, investor-friendly policies and specific incentive programs. This state has become a ‘Aquarius’ of growth and development today due to strong commitments to create business -friendly environment and investment opportunities. In particular, Madhya Pradesh is rapidly emerging as a major center for sectors like tourism, pharmaceuticals, vehicles, mining, dairy and food processing. Madhya Pradesh will host its biennial global investor summit in Bhopal on 24-25 February. Through this conference, where the state will try to attract investment, it will also demonstrate its economic capacity.
5000 km national highway
The summit aims to tell investors about Madhya Pradesh’s investment environment and industrial infrastructure, which provide many opportunities for potential cooperation. The state provides strong contact with a network of more than 5,000 kilometers of national highway. Apart from this, its rail network is also strong and 550 trains pass through here. It ranks 7th in the Export Preparation Index-2021 and is one of the major Indian states in terms of business ease (EODB) organized by the World Bank.
These are the major sectors
Madhya Pradesh provides immense opportunities in logistics and industrial development due to the Delhi-Mumbai Industrial Corridor (DMIC) influence. In addition to strong rail and road networks, there are six commercial airports and six international container depots (ICDs) operating over 100 flights in the state, making it accessible nationally and internationally. Coal, diamond, copper, iron ore, graphite, Madhya Pradesh have some important mineral resources. Documents suggest that it is the largest producer of copper, manganese, molybdenum and diamonds. Some of the major focused areas of the state include agricultural and food processing, IT/ITES, tourism, textiles, storage and logistics, vehicles, drugs and pharmaceuticals, defense and aeronautics.
State is also strong in organic production
Eight food parks, storage capacity of 1.5 crore tonnes and cold storage sectors of more than 3,54,000 square meters contribute significantly in making Madhya Pradesh an attractive investment destination for industries. Along with an area of 3,08,252 km, it has the largest area under organic farming (27 percent of India’s organic production occurs in Madhya Pradesh). The large population of the state provides a huge consumer market. Madhya Pradesh has made attractive policies to promote manufacturing in the state. It provides several incentives, including investment incentive assistance up to 40 percent of investment in plant and machinery.
(With PTI/language input)
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