Focus Sectors
Agribusiness & Food Processing
Sector Overview
- Vibrant and fast fastest growing agricultural sector – registered average growth rate of over 20% for the last 5 years
o largest producer of Soybean, Gram, Garlic and Pulses, in India
o Second largest producer of Wheat, Green Peas and Onion, in India
o 4th largest producer of milk and 5th largest producer of fish, in the country
- Favorable ecosystem for agriculture production and related businesses – 5 crop zones, 11 agro climatic zones and 4 soil types
- Ready industrial infrastructure – 8 integrated and modern food parks operating in the state
Investment Opportunities
- Direct Procurement – Fruits and Vegetables, Flowers, Dairy Products and Food Grains
- Infrastructure Development – Food Parks, Cold Storage, Warehousing & Logistics and Irrigation Projects
- Food Processing and Value Addition – Soybean, Oats, Milk, Fruits and Vegetables
Automobile and Engineering
Sector Overview
- Indore, commercial capital of Central India, and surrounding areas (Pithampur and Dewas) constitute Automobile & Engineering hub of Madhya Pradesh
- Spread across 2,000 Ha., Pithampur Auto cluster has over 90 large and 700 SME units – Auto, OEMs and Auto parts manufacturers
- Support infrastructure available around Pithampur include – National Automotive Test Tracks (NATRAX), ICD, Skill development institutes like Indo German Tool Room and Symbiosis University of Applied Sciences
Investment Opportunities
- Assembling and Manufacturing – Automobiles and Auto Components
- Centers of excellence – Automobile Design Centers, R&D Facilities and Training Centers
- Infrastructure Development – Auto and Ancillaries Parks and Machine Tools Parks
- Auto financing and vehicle retailing
Urban Development
Sector Overview
- Untapped Potential – only 28% of population in Madhya Pradesh lives in its 378 urban centers, including in 4 cities with million plus population; vast room for urbanization
- Five cities are in SMART CITY mission of Government of India
- Investment plans of ~US$13bn/ Rs83,800 Crs in urban infrastructure in the next 4 years. Major projects include – Smart cities Mission (US$3 bn/ Rs20,000 Crs), Housing for All project (US$3 bn/ Rs 20,000 Crs), and Bhopal &Indore Metro Rail Projects (US$2.2 bn/ Rs 15,000 Crs)
Investment Opportunities
- Urban Transport – Public Transport Operations, Mass Rapid Transport (Metro/Light Metro), Freight Terminal, Urban Transport Infrastructure, Flyovers, Ring Roads, Bridges and Parking
- Affordable Houses and Real Estate – Affordable Housing Projects and Integrated Townships
- Urban Services – Water Supply Management, Waste Water Management and Solid Waste Management
Renewable Energy
Sector Overview
· 8x increase in renewable energy installed capacity in the last five years (438 MW in 2011-12 to 3,311 MW in February 2017)
· Capacity is further expected to increase over 3 times in the next three to four years-10,950 MW capacity is under implementation
· Key projects include 135 MW Solar Power Plant at Neemuch and Rewa Ultra Mega Solar Power Project (under implementation; 750 MW)
Investment Opportunities
· Solar and wind power plants
· Transmission & distribution infrastructure
· Renewable energy equipment/system production
· Switchgear and transformers
Pharmaceuticals
Sector Overview
- Conducive ecosystem for pharmaceutical industry – over 280 pharmaceutical units located in the state out of which 152 are formulation manufacturers
- Major pharmaceutical clusters in the state include Pithampur, Indore, Dewas, Mandideep, Bhopal and Ujjain
Investment Opportunities:
- Bulk drug manufacturing, development of manufacturing devices
- Clinical trial markets and high-end drugs
- Contract research services
- R&D and production of vaccines and recombinant therapeutics
- Biotechnology parks and other infrastructure
IT/ ITeS
Sector Overview
- Madhya Pradesh is fast emerging as a location of choice for IT/ITeS companies
- 12 IT-SEZs granted formal approval in the state; existing IT Parks at Electronics Complex Indore, Crystal IT Park Indore and Malanpur Gwalior; proposed IT Parks at Bhopal and Jabalpur
- Large talent pool – over 100,000 engineers graduate from Madhya Pradesh, annually
Investment Opportunities
- Ready–to–move built up space and developed/raw land plots available for IT/ITeS industry in four major cities of Madhya Pradesh – Indore, Bhopal, Jabalpur and Gwalior
- The state is suited for running low cost IT/ITeS operations
Tourism
Sector Overview
- Premiere tourist destination of India – tourist arrival has grown at a CAGR of 24% in the last eight years (2007-2015); 78.4 mn tour the state in 2015
- Hub for wildlife and nature based tourism
- Major wildlife destinations include national parks of Kanha, Bandhavgarh, Pench, Panna and hill station of Panchmarhi
- Major historical and cultural sites includes Sanchi, Khajuraho, Bhimbetka, Gwalior, Mandu, Orchha, Ujjain, Omkareshwar, Maheshwar and Amarkantak
Investment Opportunities
- Village, Wellness and Water Tourism
- Meeting, Incentives, Conferences and Events (MICE) Tourism
- Film, Eco and Religious fares
- Support infrastructure like wayside amenities and hotels
Textile
Sector Overview
- 5thlargest cotton producing state in the Country with 17.5 lakh bales of production in 2014-15
- Country’s 4.5% cotton is produced in MP
- Rich tradition of weaving and knitting
- Madhya Pradesh has 65 textile mills
- Indore, Ujjain, Dhar, Dewas, Khargone, Khandwa, Burhanpur, Gwalior, Chhindwara, Sehore, Jabalpur and Bhopal are major centers for textile industry in Madhya Pradesh
Investment Opportunities
- Ginning & Spinning
- Weaving & Knitting
- Dyeing & Finishing
- Garmenting
- Technical Textiles
ESDM
Sector Overview:
- Madhya Pradesh strongly promotes ESDM sector in the state. It is evident from participation of the state in GoI’s schemes for the sector
- The State is front runner in the implementation of GoI schemes like Digital India, Electronics Manufacturing Cluster Scheme, Smart Cities Mission and National Solar Mission
- Like GoI, The State Government targets to achieve zero electronic imports. To this end, electronic manufacturing clusters are being developed to provides state-of–the-art infrastructure for upcoming facilities
- Additionally, financial incentives are being offered under IT Policy and Analog Semiconductor Fabrication Investment Policy of the state
- These policies provide for numerous concessions including land concessions, tax reimbursements, capital subsidy and interest subsidy
Investment Opportunities:
- Setting up of Electronics Manufacturing Clusters(EMCs)
- Developing and manufacturing electronic components
- Developing semiconductor design
- Setting up of Semiconductor Wafer Fabrication(FAB) facilities
- Setting up Electronics Manufacturing Services(EMS) units
- Developing and manufacturing telecom products
- Developing and manufacturing industrial/consumer/medical/defence electronics
Defence
Sector Overview:
- India is the largest importer of arms in the world – accounts for about 14%of the world’s arms imports
- Government of India is aiming to change this situation by promoting self-reliance and indigenisation
- With historical ordnance manufacturing sites of Katni, Jabalpur and Itarsi, and presence of companies like BHEL, L&T, Bharat Forge and Punj Lloyd, Madhya Pradesh provides ready-made ecosystem for defence manufacturing
Investment Opportunities:
- Defence products manufacturing
- Supply chain sourcing opportunity
- Defence offsets
- Manufacture, Repair and Overhaul (MRO)
Page last updated: 09-10-2019