Chief Minister Dr. Mohan Yadav
Chief Minister Dr. Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Dr. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and agricultural sectors in India.
While addressing the industrialists during the session in London, Dr. Yadav said that even after facing challenges, the relations between India and the UK remain strong because of their shared democratic heritage. He attributed India's rapid development and political stability to the miraculous leadership of Prime Minister Modi. He reminded everyone of how PM Modi turned the challenge of tackling the COVID-19 pandemic into an opportunity, proving India's capability in overcoming crises. Under his leadership, not only was India safeguarded, but the world was also supported, which enhanced India's reputation globally. PM Modi's clarity of vision and firm resolve have created a favorable environment for industrial investments in India.
In the interactive session titled Investment Opportunities in Madhya Pradesh, Dr. Yadav informed the industrialists that before reaching out to foreign investors, significant improvements were made within the state, and a campaign was initiated to invite industrialists from across the country to Madhya Pradesh. As a result, investments worth thousands of crores became possible. Dr. Yadav shared that renowned industrialist Shri Mittal appreciated the investment opportunities in the state during a recent meeting. He also expressed delight that an Indian-origin real estate entrepreneur from the UK has shown interest in investing â¹25,000 crore to set up a semiconductor chip manufacturing unit in Madhya Pradesh.
Dr. Yadav extended an invitation to Indian-origin industrialists in the UK, stating that their investment in Madhya Pradesh would not only enhance employment opportunities in the state but also expand their businesses, forming a long-lasting partnership with the state.
Madhya Pradesh ranks among the top five states in India for ease of doing business
India's High Commissioner to the UK, Mr. Vikram Doraiswami, described Madhya Pradesh as an ideal destination for industrial investments. He praised PM Modi's leadership and stated that India has emerged as one of the best places for doing business under his tenure. Mr. Doraiswami emphasized that Madhya Pradesh ranks among the top five states in India for ease of doing business. With vast land availability, the highest agricultural growth rate, and industry-friendly policies, Madhya Pradesh presents unlimited opportunities for investors.
Mr. Doraiswami noted that Madhya Pradesh's central location makes it an excellent hub for industries, as products can be easily transported across India and the globe. With abundant natural resources and comparatively low competition, Madhya Pradesh offers a lucrative opportunity for investors. The state's transparent policies enable both global expansion for businesses and significant growth for investors.
AVGC Policy Underway in Madhya Pradesh
Additional Chief Secretary for Science and Technology, Mr. Sanjay Dubey, presented the investment opportunities in the IT/ITES and ESDM sectors. He highlighted the state's vibrant tech ecosystem and government support for IT investments. Madhya Pradesh's IT/ITES and ESDM Policy-2023 and Startup Policy provide several benefits to entrepreneurs, including capital expenditure support and non-financial assistance. The state is also drafting an AVGC (Animation, Visual Effects, Gaming, and Comics) policy. With over 1,200 IT startups, including two unicorns, Madhya Pradesh is emerging as a hub of innovation and enterprise.
Mr. Dubey further mentioned that Madhya Pradesh offers affordable rental costs and high quality of life. The state's favorable air quality index (AQI) and ease of living make it an attractive destination for both industries and their workforce. Chief Minister Dr. Yadav emphasized providing various incentives tailored to the needs of the IT, ITES, ESDM, and data center sectors. For investments exceeding 20 million pounds in the SET sector, the Cabinet Committee, chaired by the Chief Minister, recommends additional incentives.
Madhya Pradesh: Rich in Resources and Opportunities
Principal Secretary for Industrial Policy and Investment Promotion, Mr. Raghvendra Kumar Singh, outlined the state's geographical, economic, and natural strengths. Madhya Pradesh is the largest state in India, covering 308,000 sq. km, with 77,500 sq. km of forest area. It is rich in minerals like diamonds, copper, and manganese. The state is the second-largest food grain producer and the largest wheat exporter in India. Additionally, it is a power-surplus state, generating 31 GW of electricity, ensuring a consistent and affordable power supply for industries.
He also highlighted the state's skilled workforce, with over 200,000 graduates entering the labor market annually. Madhya Pradesh boasts over 4,600 DPIIT-recognized startups and 1.4 crore MSME units, showcasing its entrepreneurial potential. The state's industrial corridors, multimodal logistics parks, and international air connectivity provide seamless operations for industries and supply chain efficiency.
Madhya Pradesh: A State that Supports Industrial Growth
Mr. Samik Basu, CFO of Clini Supplies Limited (UK), shared his positive experience of investing in Madhya Pradesh. After considering several locations through Invest India, the company chose the Vikram Udyogpuri Industrial Estate on Ujjain-Devas Road. Within 18 months, they established a medical equipment manufacturing unit. Mr. Basu appreciated the state government and MPIDC for their full support, mentioning that the land allocation process was completed within eight weeks, and the green energy supply was operational within three weeks. He concluded that Madhya Pradesh is the best place to invest in India.
MPIDC Managing Director, Mr. Chandramouli Shukla, expressed gratitude to the Indian diaspora in the UK and assured them of the state's continued support for future investments.
