About Industries Policy
Madhya Pradesh, the second largest Indian state, is endowed with rich natural resources, salubrious climate and fertile agro-climatic conditions. In the recent years, Indian economy has changed substantially. Market forces have begun to dictate investment flows across the industrial sectors. Accelerating investments in industrial development for economic growth is one of the major focus areas for Madhya Pradesh. Today, Madhya Pradesh is one of the fastest growing states in India, backed by an impressive annual growth rate of 11.98% during 2011-12. Rapidly growing state offers immense business opportunities across sectors. In Madhya Pradesh, investors have better options in terms of project location, infrastructure, incentives and other facilities. At present the state has prospective investment proposals of more than US$ 104 billion under various stages of consideration. Industry in Madhya Pradesh is largely natural resources driven. It has abundant natural wealth in the form of limestone, coal, oilseeds, pulses, bauxite, iron ore, diamond, copper ore, manganese ore, rock sulphate, silica, soya, cotton and so on. The state has a strong industrial base in sectors like Textile, cement, steel, food processing, automobile and auto components, pharma and optical fibre. Madhya Pradesh is rich in resources to attract investment in the state. The Government is constantly improving the business environment through progressive policies and proactive measures. The State Government is organising National & International Investors Meet to create awareness among the investors about resources of the Madhya Pradesh & opportunities of investment. With a sharp focus on judicious use of its resources and by creating a facilitative atmosphere for investors, Madhya Pradesh hopes to become one of the most favoured destination for the industrial community very soon.