Madhya Pradesh: Among top 5 states in Ease of Doing Business for 2015-16
Located in central India, the state is popularly known as the 'heart of India'. Known for its robust rail network with 425 trains crossing daily, dense road network of 160,000 km, 5 airports and 5 Inland Container Depots (ICD), Madhya Pradesh offers excellent support infrastructure for industrial growth. The state has close to 19 investible projects across various sectors. National Automotive Test Tracks (NATRAX) in Pithampur is world's second-largest auto-testing tracks. The state also has an oil refinery with 6 million metric ton capacity at Bina.
Key upcoming projects include:
- Vikram Udyogpuri, an integrated industrial township near Indore, is an upcoming township with an estimated investment of USD 7 bn
- Smart Industrial Park at Shivpuri spread over 880 ha
- Smart Cities Mission, for which Bhopal, Indore, Jabalpur, Gwalior, Sagar, Satna and Ujjain are the cities identified in Madhya Pradesh
Key upcoming industrial corridor:
- Delhi Mumbai Industrial Corridor (DMIC), with 4 industrial nodes in Madhya Pradesh
- Sole producer of diamonds in India
- Largest producer of agricultural products in India - soybean, pulses, guava, garlic, tomato, marigold and aromatic flowers
- Asia’s thickest coal seam coalfield in Singrauli (Depth - 138 m)
- GSDP (Current price)
USD 95 bn (2016-17)
- GSDP growth rate (YoY)
- Per capita income
USD 1,082 (2016-17)
- FDI inflow
USD 1.4 bn (2000-17)
In Madhya Pradesh, nearly 61% of the population lies in the working age group of 15-59 years.
The total population of Madhya Pradesh Pradesh is about 73 mn.
females/ 1000 males
The state has the highest agricultural growth (averaging around 20%) in the country, for the last 3 years. Madhya Pradesh has been receiving ‘Krishi Karman’ award for spectacular performance in agricultural production continuously for the past 4 years. With the presence of 6 government owned modern food parks and 2 private food parks, Madhya Pradesh provides huge opportunity for food processing companies.
The state has the strong presence in OEM’s and auto components companies. Madhya Pradesh is also the largest producer of radial tyres in India. With annual automotive production of USD 500 mn, Pithampur near Indore is the major auto cluster in the state. Pithampur also has National Automotive Testing Tracks (NATRAX), which is the world’s 2nd largest auto testing track.
India is the largest importer of arms in the world, accounting for about 14% of the world’s arms import. Government of India is aiming to change this by promoting self-reliance and indigenisation. With historical ordnance manufacturing sites of Katni, Jabalpur and Itarsi and presence of companies such as BHEL, L&T, Bharat Forge and PUNJ Lloyd, Madhya Pradesh provides ready-made ecosystem for defence manufacturing.
The State Government has unveiled 2 progressive policies specifically for the sector - IT Policy and BPO Policy. There is availability of skilled technical manpower - more than 100,000 engineering graduates pass out of the state’s engineering colleges every year. Plug and play infrastructure is available for IT/ITeS companies in 4 major cities of MP - Indore, Bhopal, Jabalpur and Gwalior.
Madhya Pradesh has emerged as the major pharmaceutical manufacturing destination in the country. More than 280 pharmaceutical units are operating in industrial areas of Dewas, Indore, Pithampur, Mandideep and Malanpur. Around 200 Ayurvedic and 50 Homeopathic medicine units present in the state.
Renewable energy capacity (including Hydro energy) of Madhya Pradesh stood at 6,762 MW in April 2017, as compared to just 1,790 in 2012, hence showing a four-fold growth in 5 years. Additionally, about 9,000 MW of projects are under construction in the state, in the sector.
Madhya Pradesh is the 5th largest producer of cotton in the country, with a strong presence across all segments of textile industry. The state is the home of world-renowned Chanderi and Maheshwari sarees and Bagh handloom products. 65 textile mills are operating in the state, which have created over 300,000 jobs. Indore, Bhopal, Ujjain, Gwalior, Dhar, Chhindwara, Dewas, Khargone, Khandwa and Bhuranpur have many textiles based industries such as the cloth-weaving industries.
Madhya Pradesh boasts of 25 sanctuaries, 10 natural parks, 6 project tiger reserves, 3 UNESCO world heritage sites and 2 Jyotirlingas. In 2014, 63 mn domestic tourists visited Madhya Pradesh.