Madhya Pradesh exported $92.8 Million to Japan in FY 2023-24

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Madhya Pradesh exported $92.8 Million to Japan in FY 2023-24

Wednesday, 29 January 2025 | SR | Bhopal

Chief Minister Mohan Yadav stated that under the leadership of Prime Minister Shri Narendra Modi, India is emerging as a new global economic power with a spirit of universal brotherhood. Japan has historical links with the tradition of Gautam Buddha, and India is the land where Gautam Buddha incarnated. India and Japan have shared mutual relations for centuries. Japan has had a prosperous history. Chief Minister Dr. Yadav paid tribute and commended the entrepreneurship and resilience displayed by Japan in recovering from devastating earthquakes and natural disasters. CM said that this resilience has earned Japan an identity of global repute.

Chief Minister Dr. Yadav addressed industrialists during an interactive session on "Investment Opportunities in Madhya Pradesh," organized at the Indian Embassy campus in Japan.

Yadav stated that Japan, with its distinctive lifestyle and industrial expertise, has achieved remarkable success in economic prosperity. Madhya Pradesh has established business relations with Japan as a matter of pride and happiness. Madhya Pradesh exported goods including aluminium, organic chemicals, nuclear reactors, boilers, mechanical equipment, pharmaceutical products, and other machinery worth 92.8 million dollars to Japan during 2023-24. Japan is also the home to industries related to manufacturing and other sectors.

Yadav invited Japanese industrial groups to invest in Madhya Pradesh and expressed gratitude to India’s Ambassador to Japan, Mr. Sibi George, for his significant role in connecting business houses.

The Chief Minister highlighted that Madhya Pradesh, with a population of over 90 million, is India’s second-largest state areawise.

The state’s economy has tripled in the last decade, and the government aims to double it during the forthcoming five years. Capital and government expenditures have increased by 19% in the past year, reflecting the state’s progress. The efforts over the last five years have resulted in exports worth 65,000 crore rupees in 2023-24. With industry-friendly policies in energy, mining, education, MSMEs, and other sectors, the state has created a conducive environment for investments, attracting global interest.

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