Wednesday 13th November 2019

“Magnificent” Madhya Pradesh, the land of aboundent opportunities

Oct 10th, 2019 10:59 am | By | Category: SPECIAL NEWS COVERAGE

MP-CM, Kamal Nath (file photo)

MP-CM, Kamal Nath
(file photo)


(THE NEWSMAN OF INDIA.COM)
The heart of the nation, Madhya Pradesh is enriched with the beautiful heritage, spiritual places and blessings of nature. It is indeed the most popular tourism destinations across India. Madhya Pradesh, the land of aboundent opportunities now Ushering into the newest industrial revolution.

Prioritizing the welfare of the farmers and providing investor friendly environment to industrialists of agriculture and food processing sector in mind, MP government has left no stone unturned to provide ease of doing business in the state.

Madhya Pradesh has a strong presence across the Textile Value Chain starting from fiber production to apparel. With a strong base for fiber production MP have 9 major cotton ginning and spinning clusters.

One of the most attractive packages for the investors to invest in the Textile Sector is the presence of strong centers for weaving and knitting units viz. Malwa-Nimar region, Bhopal region and Chhindwara.

To spur the plastic industry, the Madhya Pradesh government has initiated the model of ‘Plastic Park’. The first-ever Plastic Park of the state is situated at Tamot, Raisen district of MP.

To ensure a smooth business journey, MP govt. is providing 5-7% interest on term loans on ATUFs approved machinery, to promote ease of doing business and create employment opportunities in Textile sector.

Located near the commercial capital of MP, the SEZ Pithampur enjoys the benefits of social infrastructure, civic facilities and other benefits to the growing centers. Connectivity of Indore to all major parts of the country is also a boon to the industries.

To invest in MP, Logistics is one of the most promising sector.
With International Air Cargo Facility, Indore is the hub of many commercial and manufacturing activities. The centrally located position of the city airport gives it a strategic advantage.

With India’s increasing contribution to the global plastic industry, Madhya Pradesh emerged as the nation’s focal point for Plastic Park. Due to consequent enhancement in exports, investment in Plastic Park will be a perfect opportunity to boost the business.

Home of India’s many renowned pharmaceutical trade houses, Madhya Pradesh hosts many wholesale and retail outlets of manufacturers. Many reputed companies operate from SEZ Indore. Till date, around 9,950 crore pharma units exports from here.

As the state govt has given its consent to chip in an amount of ₹105 cr on electricity, roads, water and other infrastructural, 132 KV substation is also linked in this area. This indeed helps in developing the Plastic Park & make it a potential area to invest.

Madhya Pradesh has been at the forefront in promoting growth and advancement by offering a gamut of incentives. To harness its strengths to expand its economy MP provides a rebate of 1 rupee/unit from the date of commercial production till 2021-22.

To accelerate development and pave the way for a more aspirational, inclusive and global development framework in Madhya Pradesh, it is important to have investment policies that can provide ease to business and result in achieving economic prosperity.

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