Madhya Pradesh

Although primarily an agrarian economy, the state has the largest diamond and copper reserves in India.

Last updated: March 8, 2024

Ranked #7 in Export Preparedness Index 2021

Accounts for 14% of India's total cement production

2nd largest state with rich mineral, forestry deposits.

Installed power capacity of 23,400 MW.

120,000 acres industrial land bank for investment.

GSDP is estimated at US$ 150.74 billion in 2022-23,

NSDP was about US$ 113.94 billion in 2020-21

Exports from the state stood at US$ 6,477.32 million in FY21

Bhopal

No.1

destination for OEMs and auto parts manufacturers in India owing to the state's proximity to industrial and agricultural centres.

229

Notified Industrial Areas, 19 Growth Centers, four notified Special Economic Zones (SEZs), and 12 product-specific industrial parks.

7.2 GW

of renewable energy capacity has been identified following a fourfold increase over 2012-18, to bring improved energy security.

5

Commercial Airports (Bhopal, Indore, Gwalior, Jabalpur & Khajuraho) along with 20 operational airstrips boosting connectivity

14%

of India's total cement production comes from the state.

Tourism

Madhya Pradesh offers varied tourism riches spanning history and heritage to wildlife to tribal culture to waterfalls and marble hills.

MP Film Tourism Policy 2020

To make MP as the first choice for shooting films, develop as a hub for film making, create employment opportunities and encourage investment in the state in the film sector.  
MP Startup Policy 2019

Policy to provide assistance to incubation centres and startups of MP.
Madhya Pradesh Electric Vehicle (EV) Policy 2019 (Draft)

The policy seeks to put in place measures that address the key hurdles to EV adoption
Madhya Pradesh Agribusiness and Food Processing Policy 2012

The policy is aimed at attracting investment and innovation in the sector
Madhya Pradesh Real Estate Policy, 2019

A seamlessly regulated and functional real estate sector is a potential game-changer for realizing the dream of building towns and cities of the future.

MP Investment Region Development and Management Act 2013

This Act will provide for planning, operation and development of investment, implementation of investment and management of schemes in MP. 
Madhya Pradesh BPO/BPM Policy 2014

This policy aims to develop Business Process Outsourcing(BPO)/Business Process Management (BPM) as a vibrant industry for inclusive growth in the state.
Madhya Pradesh Defence Production Investment Promotion Policy

Madhya Pradesh has become the first state to formulate such a policy in the country.
Industrial Promotion Policy, 2014

The state has gained a significant position in the country based on investment and economic growth.

MP Investment Region Rules 2016

Madhya Pradesh offers vast untapped opportunities.
Madhya Pradesh IT, ITeS & ESDM Investment Promotion Policy 2016

This policy aims to develop this sector as a vibrant industry for inclusive growth and creating employment opportunities for people in the State.
Madhya Pradesh Tourism Policy

To promote such balanced and sustainable tourism which enables socio-economic development and establishes Madhya Pradesh as a destination that provides a complete tourism experience.
Madhya Pradesh Health Sector Investment Promotion Scheme, 2016

The objective of this scheme is to promote Establishment of Multi and Super Speciality Hospitals and Medical Colleges to available high quality of treatment through skilled manpower.

Department of Industry Policy and Investment Promotion

+91-761-2708888

Visit Website

The department is responsible for all round industrial development of the State.

Federation of Madhya Pradesh Chambers of Commerce and Industry

+91-7869958887

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The objective of the federation is to promote, encourage and protect the interest of trade, commerce, industries, transport, manufacture, finance, banking, insurance and all other mercantile and economic activities in the state of Madhya Pradesh.

Madhya Pradesh Chamber of Commerce & Industries

+91-761-2382917

Visit Website

MPCCI is promoting Madhya Pradesh as a favoured investment destination.

Madhya Pradesh Association of Women Entrepreneurs

+91-761-4085072

Visit Website

MAWE is an active platform for encouraging and establishing women entrepreneurs, and works towards reducing the gender gap in the field of entrepreneurship and business.

Key Investment Agency

Key Growth Sectors

Here are the leading sectors with opportunities for foreign investors

Agriculture
Automobile Components
Biotechnology
Capital Goods
Construction
Defence Manufacturing
Electrical Machinery
Electronic Systems
Food Processing
IT and BPM
Mining
Oil and Natural Gas
Pharmaceuticals
Renewable Energy
Roads and Highways
Thermal Power
Tourism
Wellness

Key Investors

VE Commercial Vehicles Ltd, a joint venture of Sweden-based Volvo Group and India’s Eicher Motors, to set up a new production facility at Bhopal

Government has entered into a US$250 million loan deal with the Asian Development Bank for rural road construction.

John Deere, an American manufacturer of agricultural, construction, and forestry machinery, has set up a manufacturing plant in Dewas

AkzoNobel, a Dutch paints and coatings manufacturer, runs a production plant in Madhya Pradesh

Panasonic Energy runs a Dry Cell Battery project out of Madhya Pradesh

Investment Opportunities

Thermal Power

Mega Thermal Power Project in Khandwa district, with an expected cost of over US$1b, and capacity of 1,320 MW

Industrial Township

Vikram Udyogpuri is an integrated industrial township at Ujjain, spread over 442 ha, with an investment of US$7b

Smart Cities Mission

has selected Bhopal, Indore, Jabalpur, Gwalior, Sagar, Satna and Ujjain in Madhya Pradesh for urban development

Industrial Park

Smart Industrial Park at Shivpuri, spread over 880 ha, with expected project cost more than US$102m

Rural Connectivity

Government of India, the Government of Madhya Pradesh and the World Bank have signed a US$210m loan agreement for rural connectivity

Hydroelectric and multipurpose projects for 225 MW

An agreement signed between the Power Finance Corporation (PFC) and Narmada Basin Projects Company Ltd. (NBPCL) will lead to the developing of hydroelectric and multipurpose projects amounting to Rs 22,000.

For more information please click these links
CDRI ISO

State Attractions

Vishwanath Temple is a UNESCO world heritage sight in Khajuraho, Madhya Pradesh
Lal Bagh Palace is one of the most spectacular buildings in Indore, Madhya Pradesh
Gwalior Fort is an architectural marvel of the 8th century and is perched on a hilltop. Gwalior, Madhya Pradesh

ENABLING ENVIRONMENT

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments

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News

Government to reach out to 10 million farmers under Fasal Bima policy
February 18, 2022

The government plans to launch a massive drive of reaching …

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Additional CAPEX to bolster State development
September 15, 2021

As a show of goodwill and an incentive the Ministry …

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Realising economic growth through multifaceted infrastructure revamp
August 18, 2021

Prime Minister Modi, in his address to the nation on …

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