Madhya Pradesh offers excellent support infrastructure for industrial growth. It has a total land bank of more than 1.25 lakh acres. The State contains 96 industrial areas and 13 proposed Greenfield industrial areas.

There are following reason of investing in Madhya Pradesh

  • Leading producer of manganese ore and major producer of coal, dolomite, limestone, and copper
  • Largest producer of pulses, orange, garlic, and 2nd largest producer of food grains, rapeseed, mustard and soya bean.
  • Asia’s thickest coal seam coalfield in Singrauli
  • PM lays foundation stone of development projects worth more than Rs 50,700 crores in Bina, Madhya Pradesh
  • Prime Minister Narendra Modi to lay foundation stone for Rs 50,000 crore expansion project of BPCL refinery in MP’s Sagar
  • ITC to invest Rs 1,500 crore to set up food manufacturing, packaging plants in Madhya Pradesh.

The potential sector for investment in MP are as follows:-

  1. Aerospace & Defence
  2. Agriculture, food & Dairy products
  3. Automobile & auto components
  4. IT/ITES/ESDM
  5. Logistics and warehousing
  6. Natural Gas and Petrochemical
  7. Pharmaceuticals, medical devices and healthcare
  8. Renewable Energy
  9. Textile & Garments
  10. MP tourism
  11. Urban developments

Incentives available for investors in MP:-

  1. Investment Promotion Assistance for Large Scale Industrial Unit with investment in Plant and machinery
  2. Green industrialization subsidy –for investment made in setting up of ETP/STP.
  3. Private industrial Park with minimum area 10 acre can get the assistance for development of industrial park
  4. Infrastructure development subsidy- for developing power, road and water infrastructure.
  5. 100% reimbursement for expenses made on getting patent/IPR registration.(subject to specific conditions)
  6. Special textile package (Interest subsidy)-  For new unit on term loan taken for TUFS approved P&M (subject to conditions)
  7. Special Package for large scale Garment Industries-
  8. Incentives Package Logistics & Warehousing Industries
  9. Additional benefit for Pharma units
  10. Assistance for Apparel Training Institute for the establishment of apparel training institute.

Conclusion:-

Madhya Pradesh has many schemes/incentives where investor can invest like pharma units, Apparel Training Institute, Logistics & Warehousing Industries, large scale Garment Industries and Private industrial Park.