Chief Minister Mohan Yadav said that Madhya Pradesh has developed an excellent ecosystem for industries such as chemical, pharmaceutical, petrochemical, and plastics.
Yadav highlighted that Prime Minister Shri Narendra Modi laid the foundation stone for Bharat Petroleum’s petrochemical project in Bina, valued at over Rs 50,000 crore, and work on the project has already commenced. Additionally, GAIL India’s Rs 35,000 crore mega petrochemical project is progressing rapidly and is expected to generate direct and indirect employment for 25,000 people. The state is home to leading private and public sector companies in the chemical and petrochemical industries, and 275 pharmaceutical units, which export medicines to more than 160 countries. Madhya Pradesh ranks fourth in the nation in pharmaceutical exports, with Rs 11,889 crore worth of pharma products exported in 2023-24.
To attract further investment and boost growth in this sector, the state government is preparing an attractive pharma policy. Yadav emphasized that Madhya Pradesh is a future-ready state, and the government’s efforts in the chemical and fertilizer sectors will pave the way for a new era of development. Yadav was addressing the 13th edition of India Chem-2024 in Mumbai on Friday.
The Chief Minister along with Union Minister of Health and Family Welfare and Chemicals and Fertilizers Jagat Prakash Nadda inaugurated the 13th biennial conference of ‘India Chem-2024 Advantage India: Indian Chemicals and Petrochemicals Paving the Future’ by lighting the lamp.
On this occasion, Union Minister of State for Health & Family Welfare and Chemicals-Fertilizers Anupriya Patel, Chief Minister of Gujarat Shri Bhupendra Rajnikant Patel, Chief Minister of Odisha, Shri Mohan Charan Manjhi along with officials of FICCI and representatives of various industry groups were present. Yadav attended the release of the ‘Knowledge Paper’ prepared by FICCI and Ernst & Young on the topic Catalyzing India on Chemical and Petrochemical Strategies for Global Integration and Growth.
Yadav said that the country is continuously moving forward on the path of progress under the leadership of Prime Minister Shri Narendra Modi.
India has moved from the world’s 11th economy to the fifth position.
Madhya Pradesh is continuously making efforts towards encouraging industrial activities and investment. At present 250 pharmacies and 35 medical colleges are operating in the state.
The necessary infrastructure for the chemical-petrochemical industry is ready in the state. A Plastic Park is being developed at Tamot in Raisen district, Bilowa in Gwalior, and a large Pharma Biotech Chemical Zone in Ratlam. Modern infrastructure for the chemical industry has been established in the industrial area of Meghnagar in Jhabua, PM Mitra Park in Badnawar near Dhar, and branches of Central Petrochemical Engineering and Technology Institute CIPET in Bhopal and Gwalior.
Yadav said that Regional Industry Conclaves are being organized across Madhya Pradesh to align with the Central Government's efforts in industrialization and investment. So far, conclaves have been held in Ujjain, Jabalpur, Gwalior and Sagar with an upcoming event scheduled for Rewa.
He emphasized that Madhya Pradesh holds immense potential for the establishment of a wide range of industries. To promote the state’s industrial policies, roadshows have been conducted in key cities such as Mumbai, Coimbatore, Bengaluru, and Kolkata. As a result, several industry groups have already expressed interest and initiated steps towards investing in the state.
Chief Minister Dr. Yadav said that Madhya Pradesh will progress in the petrochemical sector.
The state government is also working on a plan to create a ‘State-of-the-art Petrochemical Investment Region’. Sehore-Ashta is, in a way, the central region of the country where all the necessary arrangements are available to encourage industries including airport and railway lines. Work is also in progress for the expansion of activities in the pharma sector in Ratlam, Jhabua, and Indore.
