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Investment Opportunities and Incentives
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Investment Opportunities and Incentives National Level Investment
Investment Opportunities and Incentives State Level Investment
   
 
Investment Opportunities and Incentives
Madhya Pradesh:
Investment Opportunities
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Madhya Pradesh is one of the most favoured destinations for the investors the world over. Its excellent location, bordering onto seven Indian States, allows easy access to the booming national markets of the country. The western belt of Madhya Pradesh has a large cotton growing area, because of which the textile units in the State are attracting large investments. The State is famous for its traditional handicrafts and handloom cloths. It is the leading producer of best quality wheat, rice, pulses and several other agricultural products. There exists ample scope for setting up and developing agro-based industries. The State is endowed with rich mineral resources, educated and skilled workforce as well as many high technology industries like automobiles, electronics, cement, etc. In addition, tourism and information technology sector provides immense opportunities for motivating investments into the State.

Agriculture

Agriculture is the main stay of the State economy, with about 74% of the population depended on it. Kharif crops occupies about 56% out of the total cropped area in the State, while rabi crops occupies about 44% of the area. The State's net sown area is estimated at about 12.47 million hectares. Madhya Pradesh is the third highest producer of food grains (14.10 m. metric tonne) in the country. The major crops grown in the State are paddy, wheat, maize and jowar among cereals; gram, tur, urad and moong among pulses; soyabean, groundnut and mustard among oilseeds. The commercial crops like cotton and sugarcane are also grown in considerable area in few districts. The State is placed fourth in wheat production and eighth in rice production in the country. Thus, the agro-based industries have great potential for development in the State.

The State Government is also making all efforts for the development of horticulture in the State. State is known as large producer of ginger, garlic, turmeric, chilli, coriander, banana, guava, tomato, oranges, papaya, etc. It has a vast scope to invest in this field. Besides, some medicinal crops and narcotic crops are also grown in the State.

Information Technology (IT)

Madhya Pradesh is making remarkable achievements in promoting IT in Government as well as private areas, which includes e-governance, computerization in Government departments and various IT related activities for rural areas. The IT revolution aims to secure considerable gains towards sustainable human development and help the State in becoming a knowledge society. It intends to improve the citizen-government interface and make it more efficient and effective. It can also help in making governance transparent.

In order to help sustain its technological edge, the State has invested in IT education and provided learning ground for the future IT professionals. It has also opened up private participation for computer education in schools and colleges. Accordingly, an IT policy has been formulated with a view to attract private investment in the IT sector. It lays thrust on setting up of information Kiosks for providing email, internet and other value added services. The existing public grievance redressal system is being upgraded so as to facilitate access to citizens through kiosks.

Moreover, to encourage private sector participation in e-governance/citizen services initiatives, the State Government has formulated the following guidelines:-

  • Proposals for participation and investment shall be without any burden of financial expenditure on the State Government;
  • Projects of e-governance for citizen services shall be allowed on non exclusive basis to any investor;
  • Every investor shall be required to set up a minimum of fifteen such kiosks in every block;
  • All the transactions taking place at the Kiosks shall be based on use and pay basis.

Given this, several companies have evinced interest to set up kiosks in the State. Besides, the Government has set up the Software Technology Parks at Bhopal, Indore and Gwalior so as to provide the necessary infrastructure for IT companies.

Minerals

The State of Madhya Pradesh  is richly endowed with mineral wealth. It is the sole producer of diamond in the country. Coal, limestone, manganese ore, bauxite, copper ore, dolomite, fire clay, slate, pyrophyllite-diaspore, etc are the main minerals occurring in the State. In terms of the mineral production, the State ranks third in the country. Besides, the State is fast emerging as a dimensional stone  producer.

Cement

Madhya Pradesh is the third largest producer of cement in the country. It is rich in cement producing minerals and has the appropriate know how and knowledge pool to run cement plant. At present, several major groups like Birla Corporation, Vikram cement, Prism cement, Diamond cements, Maihar cement and ACC Cement are growing manufacturing plants in Madhya Pradesh.

Tourism

The State of Madhya Pradesh has innumerable sites for tourist attraction ranging from preserved medieval cities and wildlife sanctuaries to pilgrim centres. It includes monuments, archaeological sites, carved temples, stupas, forts, palaces, etc. Gwalior, Mandu, Datia, Chanderi, Jabalpur, Orchha, Raisen, Sanchi, Vidisha, Udaygiri, Bhimbetika, Indore and Bhopal are the places well-known for their historical monuments. Archaeological treasures are preserved in the museums at Satna, Sanchi, Vidisha, Gwalior, Indore, Mandsaur, Ujjain, Rajgarh, Bhopal, Jabalpur and Rewa. Unique temples of Khajuraho are famous all over the world. The temples of Orchha, Bhojpur and Udaypur attract large number of tourists as well as pilgrims. Maheshwar, Omkareshwar, Ujjain, Chitrakoot and Amarkantak are major centres of pilgrimage. Other important places of tourist interest in the State are Pachmarhi, Marble Rocks, Dhuandhar Fall at Bhedaghat, Kanha National Park, Barasingha and Bandhavgarh National Park. Given this, the Government of Madhya Pradesh had envisaged a tourism policy in order to create an environment conducive for encouraging private investment in the tourism sector. Its one of the major objectives is to promote eco and adventure tourism. EcoTourism is that form of tourism in which the tourist is able to enjoy nature and see wild life in its natural habitat. Adventure tourism provides the tourist with a special thrill and feeling of adventure whilst participating in sporting activities in rivers, water bodies, hills and mountains.


Project Profiles

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Madhya Pradesh State Agro Industries Development Corporation Limited
Madhya Pradesh State Industrial Development Corporation Limited (MPSIDC)
Madhya Pradesh State Tourism Development Corporation Limited (MPSTDC)
Department of Agriculture
Department of Information Technology
 
 
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