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"Agriculture and modern industries alike; flora, fauna and industrial plants alike; forests, parks and modern infrastructure alike; animal lovers, tourists and capitalist mercenaries alike... that’s Madhya Pradesh in short..."

Ever since the Industrial Promotion Policy was announced in April, 2004, Madhya Pradesh has embarked on an exciting journey towards increased investments, both nationally and globally, in multifarious sectors.

According to the April 2008 issue of Centre for Monitoring Indian Economy (CMIE) which reviewed various states of India, MP had received investments proposals of more than Rs.2.09 lakh crore (approx $52 billion!) till March 31, 2008. The report further states that the implementation on projects worth Rs.88,000 crore ($22 billion) are underway in MP.

The Government of Madhya Pradesh, in partnership with FICCI has promoted the state by a programme called “Destination Madhya Pradesh” from August, 2006 to October, 2008. The State Chief Minister, Hon’ble Shri Shivraj Singh Chouhan visited Singapore, Malaysia, UK & USA to showcase MP as an emerging investment destination to foreign investors. In the presence of Hon’ble CM, investors meets were also organised at New Delhi, Khajuraho Mumbai, Bangalore & Indore. The culmination of Destination MP Drive was the Global Investors Summit at Indore in October 2007. During this Summit MOUs worth Rs.1.2 lakh crore ($30 billion) were signed. Two more investors meets at Jabalpur & Sagar were organised, yielding investment proposals worth Rs.59,325 crore ($14.7 billion).

Today, the State of MP has 221 proposals of investments worth Rs.2.48 lakh crore ($60 billion). The major investment sectors are power, steel, cement, automobile, agro processing & real estate. Connectivity is the basic key to development, which is also the main strength of MP. The state has a near perfect equi-distant connectivity to India’s metros and other markets. An astounding number of 425 trains crisscross through MP everyday. National highways with an overall length of 4,885 km run through the state. Couple it with rich natural resources, a rich cultural heritage, an excellent quality of life, a thriving industrial base, peaceful labour force, cheap industrial land, a progressive & an investor-friendly government; and you have the MP advantage.

The inclusion of MP in Delhi-Mumbai Industrial Corridor has increased investment opportunities in the state. Some early bird projects like Logistics Sub Park between Dewas & Indore, Super Industrial Corridor on both sides of Indore Airport & Pithampur Road, Diamond Park near Indore, Knowledge City between Dewas & Indore and a cluster of services around the world class auto track at Indore will take shape over the next 2-3 years. With its first Greenfield SEZ in India, Indore region is destined to become a major industrial hub. Bhopal & Indore airports too are being upgraded as International Airports.

Madhya Pradesh the diamond & tiger state conjures up images of abundant natural beauty. Its natural beauty also makes it ideal for tourism. 13% of India’s forests are in MP and parks like Bandhavgarh, Kanha, Panna, Pench & Shivpuri enthrall visitors. Heritage sites at Bhimbetka, Sanchi & Khajuraho also add ambience to its cultural richness.

Madhya Pradesh has 11 agro climatic zones. It has largely unexploited species of rare valuable medicinal plants. 60% of Soya bean, 25% of pulses and 40% of grams in India are grown here. Large traits of wastelands & Govt. farms from 50 to 3,000 acres are being offered for investments. MP provides immense opportunities for food processing industry as well. Remember, Madhya Pradesh is the heart of India, literally!

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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