2016 - Make in Madhya Pradesh - Global Investors Summit22 - 23 October 2016
AGRIBUSINESS & FOOD PROCESSING
With average agricultural growth rate of about 20% in the last three years, Madhya Pradesh is the fastest growing major agrarian economy in the country. The progress made by the state in agricultural sector is appreciated and validated by the Central Government – the state has received the prestigious 'Krishi Karman' award for fourth time, in succession.
The state with highest agricultural growth (averaging 20%) in the country, for the last three years
Has been receiving 'Krishi Karman' award for spectacular performance in agricultural production, for the past four years
Leading domestic producer of agricultural resources like Gram (#1), Soybean (#1), Pulses (#1), Wheat (#2), Onion (#2) and Green Peas (#2)
3rd largest producer of milk in the country
With presence of 6 government owned modern food parks and 2 private food parks, Madhya Pradesh provides plug and play facility for food processing companies
Key food processing players operating in the state includes Coca-Cola, Pepsico, Parle Agro, LT Foods, Cadbury, Ruchi Group, Britannia Industries and Balaji Wafers
Investment opportunities exist in trading and processing of agricultural produce. Additionally, opportunities exist in the development of allied infrastructure like food parks, warehouses and cold storages
Land allotment at a concessional rate of 25% for MSME units. Stamp duty and registration charges exemption of INR 1 per INR 1,000
Reimbursement at the rate of 15% up to a maximum of INR 50 mn for the expenditure incurred on establishment of food park/mega food park/horticulture hub
Fruits, vegetables, flowers and other notified agriculture produce purchased in any market area of the state for processing/production, is exempt from payment of mandi fee
Subsidized power rates at INR 1.50 per unit subject to a ceiling of 25% of the electric units consumed by Cold Storage, Cold Chamber, Ripening Chamber and Individual Quick Freezing Enterprise, for 5 years
AUTOMOBILE & ENGINEERING
Home to global and Indian multinationals like Volvo, John Deere, Mahindra & Mahindra, Eicher and Force Motors, Madhya Pradesh is one of the most attractive and viable manufacturing locations for automobile and engineering companies, in India.
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 readymade ecosystem for Defence manufacturing.
IT/ITES & ESDM
Madhya Pradesh has adopted a proactive approach in attracting the companies in IT/ ITeS sector. The state government has unveiled two progressive policies specifically for the sector – IT Policy and BPO Policy. Additionally, plug and play infrastructure is available for IT/ ITeS companies across all the four major cities of Madhya Pradesh, namely Indore, Bhopal, Jabalpur and Gwalior.
Madhya Pradesh has adopted a proactive approach in attracting companies in IT/ITeS sector
The state government has unveiled two progressive policies specifically for the sector – IT Policy and BPO Policy
Additionally, there is availability of skilled technical manpower – more than 100,000 engineering graduates pass out of the State’s engineering colleges every year
Plug and play infrastructure is available for IT/ ITeS companies across all the four major cities of Madhya Pradesh, namely Indore, Bhopal, Jabalpur and Gwalior
Major IT/ ITeS companies operating in the state include Infosys, TCS, AEGIS, CSC, Firstsource and Impetus
75% rebate on cost of land for IT parks
Interest subsidy of 5% for 7 years
Capital subsidy of 25%
VAT and CST refund for 10 years
100% stamp duty and registration fee exemption
100% entry tax exemption for 5 years
Subsidy on telecom infrastructure
Reimbursement of rent
Electronic Manufacturing Clusters in Madhya Pradesh
Madhya Pradesh is home to Asia's largest solar power plant (135 MW at Neemuch) and soon going to become home to world's largest solar power plant (750 MW at Rewa). The state has a very progressive policy framework for Renewable Energy sector which has resulted in tripling of capacity in the last five years (332 MW to 2,567 MW). Additionally, about 9,000 MW of projects are under construction in the state, in the sector.
With presence of companies like Novartis, TEVA, AkzoNobel, Cipla, Sun Pharma, Glenmark, Lupin, Piramal Healthcare in the state, Madhya Pradesh has emerged as the major pharmaceuticals manufacturing destination in the country.
With a strong presence of traditional (Chanderi and Maheshwari sarees) and modern textile and handloom base, Madhya Pradesh has the presence of major players in textile and handloom industry which include: Grasim, Raymond, Trident, Vardhman, Nahar, SEL and Pratibha Syntex.
With numerous natural and man-made marvels in the state, Madhya Pradesh offers immense potential for the development of Tourism sector in the state. The state boasts of 25 Sanctuaries, 10 Natural Parks, 6 Project Tiger Reserves, 3 UNESCO World Heritage sites and 2 Jyotirlingas.
With investment plans of INR 75,000 crs in urban infrastructure over next 4 years, Madhya Pradesh offers unmatched business opportunity for urban infrastructure players.