Latest update: June, 2019
Madhya Pradesh is an agrarian state. The primary sector accounts for 42.89 per cent of the state’s GVA, as of 2017-18. It is among the fastest growing states in India.
The state is rich in natural resources, fuels, minerals, agriculture and biodiversity. Upcoming theme based SEZs near Jabalpur, industry parks in Indore and food parks at multiple locations aim to promote sectoral growth. The state is rich in minerals and has the highest stone, diamond and copper reserves in India, notwithstanding noteworthy reserves of coal, coal-bed methane, manganese and dolomite. Further, the state is home to over 280 pharmaceutical units operating in the industrial areas of Dewas, Indore, Pithampur, Mandideep and Malanpur.
Between 2011-12 and 2018-19, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 17.00 per cent (in rupee terms) to US$ 112.17 billion, whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 17.37 per cent to US$ 102.30 billion.
Madhya Pradesh State Industrial Development Corporation Limited (MPSIDC) is the nodal agency for industrial growth in the state. It is the central point to coordinate, activate and ensure implementation of mega infrastructure projects.
Investment intentions worth Rs 861 crore (US$ 0.12 billion) were filed in the state during 2019 (up to February).
The following are some of the major initiatives taken by the government to promote Madhya Pradesh as an investment destination:
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