Madhya Pradesh—Investment Opportunities in the Heart of India
Madhya Pradesh has been a consistently performing state in India in terms of economic growth and is expected to continue to contribute significantly towards the national growth. This study focuses on the potential areas for investments across various sectors in Madhya Pradesh and the state’s ability to support industry growth because of its infrastructure and government policies. The focus sectors for growth are auto and auto-component engineering, healthcare and pharmaceutical, agriculture and food processing, mines and minerals, IT and ITeS, and tourism.
In the fiscal year ending March 2014, Madhya Pradesh outpaced all major Indian states to top economic charts with an impressive growth of % and a gross state domestic product (GSDP) of INR crore. Notably, this was accomplished in a year when the national gross domestic product (GDP) completed its second consecutive year of sub- % growth. Going forward, Madhya Pradesh is one of the states expected to continue contributing significantly to future growth in the national GDP.
Key Sectors in Madhya Pradesh
Auto and auto-component engineering Healthcare and pharmaceutical Agriculture and food processing Mines and minerals IT and ITeS Tourism
The state of Madhya Pradesh is the most consistent performer among all states in India, with an average growth of % during the years from 2011/2012 to 2013/2014. This high growth is led by an agricultural boost that has benefited the agriculture and food processing sector as well as an expansion in the services sectors covering tourism, information technology (IT), and information technology enabled services (ITeS).
Although industrial growth has been dampened in the past by country-wide conditions of poor investment and business climate, some sectors have high potential, such as mines and minerals. Other sectors include auto and auto-component engineering, textiles, cement, forest-based industries, pharmaceuticals, and manufacturing.
Table Of Contents
Madhya PradeshâInvestment Opportunities in the Heart of India Contents Executive Summary 4 The State of Madhya Pradesh4 Focus Growth Sectors 5 Auto and Auto-component Engineering6 An Overview 6 Investment Profile8 Infrastructure and Availability of Resources 9 National Best Practices 10 Government Policies and Incentives 12 Healthcare and Pharmaceutical14 An Overview 14 Investment Profile16 Infrastructure and Availability of Resources 17 National Best Practices 19 Government Policies and Incentives 20 Agriculture and Food Processing22 An Overview 22 Investment Profile24 Infrastructure and Availability of Resources 24 National Benchmarking of Best Practices 26 Government Policies and Incentives 26 Mines and Minerals Sector27 An Overview 27 Investment profile 28 Infrastructure and Availability of Resources 28 National Benchmarking of Best Practices 29 Government Policies and Incentives 30 9ADB 3 Madhya PradeshâInvestment Opportunities in the Heart of India IT and ITeS Sector32 An Overview 32 Investment Profile34 Infrastructure and Availability of Resources 34 National Benchmarking of Best Practices 35 Government Policies and Incentives 36 Tourism Sector37 Current Scenario37 Investment Profile40 Infrastructure and Availability of Resources 40 National Benchmarking of Best Practices 41 Government Policies and Incentives 42 Legal Disclaimer44