Last Updated: April 29, 2015
Latest update: November, 2014
Last Updated: November, 2014
MADHYA PRADESH State Report | November, 2014
Madhya Pradesh is located in Central India. The state is bound on the north by Uttar Pradesh, the east by Chhattisgarh, the south by Maharashtra and the west by Gujarat and Rajasthan. There are 11 agro-climatic conditions and a variety of soils available in the state to support cultivation of a wide range of crops.
It is among the fastest growing states in the country. At current prices, the Gross State Domestic Product (GSDP) of Madhya Pradesh for 2013-14 was US$ 74.8 billion. Between 2004-05 and 2013-14, the CAGR for GSDP was 16.6 per cent.
Madhya Pradesh is rich in natural resources - fuels, minerals, agriculture and biodiversity. The state represents 8.3 per cent of the country's coal reserves and has 144 BCM of proven coal-bed methane reserves. The state also has the largest reserves of diamond and copper in India, apart from significant reserves of limestone, manganese and dolomite.
Madhya Pradesh offers various fiscal and policy incentives for businesses under the Industrial Promotion Policy, 2010 & Action Plan, besides policies for IT, biotechnology, tourism and special economic zones (SEZs). To attract investors and promote entrepreneurs, the state government has appointed TRIFAC, an agency to facilitate a single-window mechanism, for speedy approvals of various clearances and permissions.