Popularly known as the ‘heart of India’ because of its central location, Madhya Pradesh is a state blessed with vast natural resources, a rich cultural heritage, an excellent industrial base coupled with an investor-friendly government. Madhya Pradesh is rich in natural resources - fuels, minerals, agriculture, and biodiversity. It is also the sole diamond-producing state in the country. Diamond production in the state stood at 8,039 carats from April-July 2018.
With a solar potential of 62 GW, which is the 4th highest in India, Madhya Pradesh offers excellent support infrastructure for industrial growth. As of November 2019, Madhya Pradesh had a total installed power generation capacity of 23,997.67 MW, comprising 7,187.62 MW under state utilities, 6,022.38 MW under central utilities and 10,787.67 MW under private sector.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflows in the state, between April 2000 and March 2019, totaled to US$ 1,431 million.
Agriculture is the main source of livelihood for the people of the Madhya Pradesh. In 2017-18, the state produced 42.14 million metric tonnes of food grains. Under State Budget 2018-19, an amount of USD $1,433.26 mn was allocated to farmer’s welfare and agriculture development. Madhya Pradesh is the 2nd largest producer of food grains in India.
With an annual automotive production of USD $500 mn, Pithampur is the major auto cluster in the state. Pithampur also has National Automotive Testing Tracks (NATRAX), which is the world’s 2nd largest auto testing track. The state is also the largest producer of radial tyres in India.
Textile industry is one of the key sectors of Madhya Pradesh. The state is one of the major cotton producing states of India. In 2017-18, cotton and silk production in the state reached 2,859 million metric tonnes and 105 million metric tonnes, respectively. Exports of cotton yarn during April 2018-February 2019 stood at USD $266.56 mn.
The 25 sanctuaries, 10 natural parks, 6 project tiger reserves, 3 UNESCO world heritage sites and 2 Jyotirlingas in Madhya Pradesh attracts a huge crowd every year. As per budget 2018-19, the state government proposed an allocation of USD $36.84 mn for the development of the state’s tourism department.
The renewable energy capacity of Madhya Pradesh stood at 7,200 MW as of April 2018, as compared to just 1,790 in 2012, hence showing a more than four-fold growth in 6 years.
Madhya Pradesh has emerged as a major pharmaceutical manufacturing destination in the country with more than 280 pharmaceutical units. Around 200 Ayurvedic and 50 Homeopathic medicine units are also present in the state.
With historical ordnance manufacturing sites of Katni, Jabalpur and Itarsi and presence of companies such as BHEL, L&T, Bharat Forge and PUNJ Lloyd, Madhya Pradesh provides the ready-made ecosystem for defence manufacturing.
There is an availability of skilled technical manpower - more than 100,000 engineering graduates pass out of the state’s engineering colleges every year. The state government has unveiled 2 progressive policies specifically for the sector – IT Policy and BPO Policy.
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
PM Modi: 'India Fulfilling Its Demands Through Make In India - FDI India
PM Modi unveils Atmanirbhar Bharat Abhiyaan for India
China Responds To India's FDI Policy Change: 'Violation Of WTO Principles
This will be a Record FDI Year for India: Invest India CEO Deepak Bagla
Budget 2020: Rs. 3,000 Cr kept aside for skill development and Rs. 99,300 Cr for education