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Madhya Pradesh (MP) is located in Central India. The state is bound in the North by Uttar Pradesh, the East by Chhattisgarh, the South by Maharashtra and the West by Gujarat and Rajasthan.
Being centrally located, companies in the state have access to key consumer markets and major cities such as Delhi, Mumbai, Kolkata and Chennai. Because of this advantage, a large number of consumer goods companies have manufacturing bases in the state.
The state offers a wide range of fiscal and policy incentives for businesses under the Industrial Promotion Policy - 2010 & Action Plan. Additionally, the state has policies for the IT, biotechnology, tourism sectors and special economic zones (SEZ). Around 31 per cent of the state is under forest cover with abundant natural resources. Favourable soil and climatic conditions have helped the state to be a leading producer of coarse cereals, oilseeds and soybean in the country. The state has attracted a large number of agro-based industries because of its agricultural products.
MP has rich mineral resources and has the largest reserves of diamond and copper in India. Besides, the state has significant reserves of coal, coal-bed methane, manganese and dolomite. The state is a manufacturing base for a number of large and medium scale industries from diverse sectors such as automobile and auto-components, cement, agro-processing, consumer goods, pharmaceuticals, etc. It also has a large pool of industrial labour. Because of its forest cover, the state has immense potential for tourism, particularly, wild-life and adventure tourism and eco-tourism. It also has globally renowned locations of historical and religious significance. The state attracts large number of domestic and international tourists.
At current prices, the gross state domestic product (GSDP) of MP for 2011-12 was US$ 65.7 billion. Between 2004-05 and 2011-12, the average annual GSDP growth rate was 14.7 per cent.
State Presentation (March 2013)
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