Madhya Pradesh: Solar-power potential of 62 GW, 4th-highest in India
Located in central India, Madhya Pradesh is popularly known as the 'heart of India' and borders 5 states that offer it access to 44% of India’s total population. Known for its robust rail network with 425 trains crossing daily, the dense road network of 160,000 km, 5 airports and 6 Inland Container Depots (ICD), Madhya Pradesh offers excellent support infrastructure for industrial growth. The state has more than 70 investible projects across various sectors. National Automotive Test Tracks (NATRAX) in Pithampur is Asia's largest auto-testing track. The state also has an oil refinery with 6 mn metric ton capacity at Bina.
Key upcoming projects include:
- Vikram Udyogpuri is an integrated industrial township at Ujjain, spread in 442 ha, with an estimated investment of USD 7 bn
- Mega Thermal Power Project in Khandwa district, with expected project cost more than USD 1 bn and capacity of 1320 MW
- Smart Industrial Park at Shivpuri, spread over 880 ha, with expected project cost more than USD 102 mn
- 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
- Leading producer of coal, manganese, dolomite, limestone, copper and glass sand
- Largest producer of agricultural products - soybean, pulses, garlic and ranks 2nd in floriculture production
- Asia’s thickest coal seam coalfield in Singrauli (Depth - 138 m)
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- GSDP (Current price)
USD 108.6 bn (2017-18)
- GSDP growth rate (YoY)
- Per capita income
USD 1,227 (2017-18)
- 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 4 years. Madhya Pradesh has been receiving ‘Krishi Karman’ award for spectacular performance in agricultural production continuously for the past 5 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 Aisa's 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 7,243 MW in May 2018, as compared to just 1,790 in 2012, hence showing a four-fold increase in 6 years. Additionally, about 10,950 MW of projects are under implementation in the state.
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 2017 (till September), 58.9 mn domestic tourists visited the state.