Chief Minister Mohan Yadav has stated that Madhya Pradesh is on its way to becoming the fastest-growing state in the country in the field of IT and technology, a journey that will gain new momentum through the Global Investors Summit. A separate session will be organized for this sector at the summit. Madhya Pradesh boasts more than 15 IT parks and 5 IT SEZs, including prominent centres like Crystal IT Park and Infosys in Indore. These parks are equipped with world-class infrastructure, attracting leading companies like TCS, Infosys, and Accenture. Upcoming projects such as Knowledge City and Electronics Manufacturing Cluster 2.0 are set to further strengthen this ecosystem.
As the country undergoes a technological transformation, tier-2 cities are emerging as the next hubs for tech innovation and investment. This is due to factors like lower operational costs, a high standard of living, and the availability of a skilled talent pool. Tier-2 cities are increasingly becoming the preferred choice for tech companies. Notably, Madhya Pradesh stands out as a leading state offering infrastructure, talent, and cost-efficiency.
Comprehensive IT and Semiconductor Ecosystem
Madhya Pradesh's extensive IT, ITES, and semiconductor ecosystem is designed to promote holistic development. With world-class IT parks, knowledge hubs, and the development of semiconductor manufacturing clusters, the state is poised to lead the next wave of the technological revolution.
Over 300 Technical Education Institutions
Madhya Pradesh is home to over 300 technical education institutions, producing more than 50,000 technical graduates annually. Prestigious institutions like IIT Indore, IIM Indore, and IIIT Gwalior nurture highly skilled youth. The Global Skill Park in Bhopal equips professionals with industry-relevant skills.
Progressive Policies Under Dynamic Leadership
Under the leadership of Chief Minister Dr. Mohan Yadav, the state's progressive policies are designed to foster innovation and attract global tech giants. Madhya Pradesh's robust policy framework is a testament to its commitment to technology-driven growth. Key policies include the IT, ITES, and ESDM Investment Promotion Policy 2023, Global Capability Centers Policy 2025, AVGC-XR Policy 2025, Drone Promotion and Utilization Policy 2025, and the Semiconductor Policy 2025. These policies provide various incentives and support to ensure the comprehensive development of tech infrastructure.
The state government is focusing on emerging technologies, fostering talent, and driving innovation through significant investments in IT parks, software hubs, and semiconductor manufacturing. With a vision to become a leading tech hub, Madhya Pradesh is advancing on the path to powering the digital future. The IT, ITES, and ESDM Investment Promotion Policy 2023 focuses on infrastructure development, offering capital expenditure (CapEx), land, interest subsidies, marketing, and patent support. The Global Capability Centers Policy 2025 is designed to attract global tech centres, offering subsidies for CapEx, payroll, upskilling, and R&D support.
Similarly, the AVGC-XR Policy 2025 supports the AVGC sector by aiding in infrastructure development, production-related financial assistance, industry collaboration, and establishing AVGC-XR labs. The Drone Promotion and Utilization Policy 2025 encourages drone adoption by providing CapEx support for manufacturers and service providers, incentives for drone courses, and support for R&D. The Semiconductor Policy 2025 is pivotal, offering CapEx incentives and support for Centers of Excellence (CoE), payroll, and skill development to promote semiconductor manufacturing.
Madhya Pradesh has witnessed a wave of transformational investments, solidifying its position as India's next major tech hub. LTI Mindtree's Rs 870 crore tech campus in Indore will create over 10,000 jobs, reinforcing the state's role in IT services and digital transformation projects. RackBank's Rs 644 crore investment in data centre expansion is strengthening Madhya Pradesh's digital infrastructure and cloud services. Hexaware Technologies and Cognizant are expanding their presence with investments of Rs 50 crore and Rs 80 crore, respectively. These projects, alongside the Rs 2,500 crores in technology investments achieved in 2024, position Madhya Pradesh as a compelling alternative to traditional IT centres.
Madhya Pradesh is not only keeping pace with India's digital revolution but is also leading it. The state's vision in AI, cybersecurity, AVGC-XR, and drones is laying the foundation for the next wave of innovation and global competitiveness. The establishment of Centers of Excellence (CoEs) in AI and cybersecurity, along with upcoming AVGC media parks and incubation hubs, underscores Madhya Pradesh's commitment to cutting-edge research and industry collaboration. With progressive policy frameworks, world-class infrastructure, and an abundant talent pool, Madhya Pradesh is on the path to becoming India's next major tech powerhouse.
