In order to intensify the pace of industrial investment in Madhya Pradesh, a series of regional industry conclaves have been started at the initiative of Chief Minister Dr. Mohan Yadav. Third in the series, Regional Industry Conclave is being organized at Jabalpur on 20th July. Afterwards, Regional Industry Conclave is proposed to be organized at Gwalior in September and Rewa in October. Moving a step further in this direction, it is proposed to be held in Coimbatore in Tamil Nadu on 25th July, in Bengaluru in Karnataka in August, in Delhi in September and in Indore in September.
Over 1500 prospective investors are participating at Jabalpur. A buyer-seller meet has also been organized as part of the event, in which more than 1000 representatives have sent their consent. Delegations from Britain, Costa Rica, Fiji, Taiwan and Malaysia will also participate.Possibilities in agriculture and defense sectors will be discussed. About 70 projects will be launched and foundation stones laid.
Preparations will start for organizing the Global Investors Summit on 7 and 8 February 2025. Madhya Pradesh's new export policy will be announced in the Global Investors Summit and the provisions made in the new industrial policy will be shared with upcoming investors.
Positive change in investment scenario
The investment scenario of Madhya Pradesh is fast changing positively. Medical device park is coming up at Ujjain. It is being developed on 360 acres involving a cost of Rs 222.77 crore. Similarly, PM MITRA-PM Mega Integrated Textile Region and Apparel Park is also taking shape in Dhar. Its cost is Rs 1000 crore and it is spread over 1563 acres. Manufacturing Zone for Power and Renewable Energy Equipmentsis also taking shape on 227 acres in Narmadapuram. This will cost Rs 464.65 crore. Apart from this, Mega Leather Footwear Accessories Cluster Development Park is being built on 161 acres in Morenainvolving a cost Rs 222.81 crore.
The state government is making planned efforts to establish the state as Hub of Industries. With the improvement in the manufacturing sector in Madhya Pradesh is offering immense opportunities for exports. Now according to the foreign trade policy, Madhya Pradesh is focussing on exports. The products by small and medium enterprises, farmers and farmer producer organizations, handicraft artists and startups of entrepreneurs are being encouraged. Chief Minister Dr. Yadav has explored the export possibilities from Madhya Pradesh and has prepared an list of products, which are in demand in the foreign market.
District Export Facilitation Cells
On the initiative of Chief Minister Dr. Yadav, export facilitation cells have been set up in all districts. These have created awareness about exports among small and medium scale producers. Madhya Pradesh Trade Organization Council and export facilitation cells have jointly organized a series of programs, which helped the state government assess the investment possibilities.
District export promotion programs were organized in Neemuch, Harda, Ashoknagar, Narsinghpur, Shahdol, Balaghat, Betul and Dhar. Madhya Pradesh is making efforts tocontribute more to India's merchandise exports. Products like pharmaceutical products, cotton, nuclear reactors, boilers, machine tools, textiles, organic foods, chemicals, aluminium, metals, grains, electrical machinery equipment,equipmes, plastics have found way to global market. Maximum pharmaceutical products were exported. The value of drug products stood atRs 13,158 crore.
Doubling export
A target has been set to double the exports from Madhya Pradesh in the next three years. Indore is the top ranking district, which exported items worth Rs 20,256 crore.
