CM Yadav pitches entrepreneurship as core driver of growth
Madhya Pradesh Chief Minister Dr Mohan Yadav said on Saturday that entrepreneurship, rather than employment generation alone, was central to India’s long-term economic growth, as his government stepped up efforts to position the State as a major investment and start-up destination.
Addressing the Young Entrepreneur Forum Summit 2025 at Indore’s Brilliant Convention Centre in Indore, Dr Yadav said India’s entrepreneurial tradition was deeply rooted in its culture and had historically combined profit-making with social responsibility. Modern entrepreneurs, he said, were giving this tradition new momentum through technology, innovation and risk-taking.
Dr Yadav said Madhya Pradesh had emerged as one of India’s fastest-growing industrial states, citing strong inflows across sectors including pharmaceuticals, agriculture, food processing, fisheries, automobiles, manufacturing, tourism and technology. He said these investments were translating into new employment opportunities and a broader industrial base.
The chief minister said the state had received investment proposals worth Rs 30.77 trillion at its Global Investors Summit earlier this year, of which projects worth Rs 8.57 trillion had already moved to the implementation stage. He added that more than 6,400 start-ups were currently active in Madhya Pradesh, with nearly half of them being women-led.
To support new enterprises, Dr Yadav outlined a range of incentives, including seed funding of up to Rs 3 million per start-up, patent assistance of up to Rs 500,000 for domestic filings and Rs 2 million for international patents, subsidised credit support and capital subsidies.
He said the state had also launched the Invest MP 3.0 digital portal to provide investors with single-window access to policies, approvals, incentives and AI-based feasibility tools.
Dr Yadav said Madhya Pradesh had developed a land bank of about 100,000 acres for industrial use, strengthened through GPS-based mapping to ensure timely and transparent land allotment. The government’s aim, he said, was not only to frame investor-friendly policies but to ensure their effective execution on the ground.
Union communications minister Jyotiraditya Scindia, also speaking at the summit, said India was on course to become the world’s third-largest economy by 2027, driven by manufacturing, digital expansion and one of the world’s largest start-up ecosystems.
He said India had grown from just three unicorns to more than 120 and now ranked among the top global automobile producers.
The summit brought together entrepreneurs, start-up founders, investors and policymakers to discuss innovation, manufacturing and job creation, with the state government urging young entrepreneurs to align business growth with national development goals.
