Madhya Pradesh, in its present form, came into existence on November 1, 2000, following its bifurcation to create the new state of Chhattisgarh.
The per capita of Madhya Pradesh is USD 369. Gross State Domestic Product (GSDP) at 2004-05 was recorded to be USD 24 billion at current prices. Net State Domestic Product (NSDP) of the state at current prices (2004-05) was USD 9.8 billion. The state’s central location gives it the unique advantage of being the hub in India’s national logistics network.
Key industry sectors in Madhya Pradesh are cement, textiles, mining and edible oils. The state is one of the largest producers of cement in the country and a leading producer of edible oils.
Industries with potential for significant development in the state are automobiles and pharmaceuticals. A number of automobile and pharmaceutical companies are investing in establishing/expanding their production base in the state.
The cost of basic infrastructure and skilled manpower is relatively low in Madhya Pradesh. The state offers one of the lowest ratios of labour cost to sales ratio in the country.
The state government has developed a greenfield Special Economic Zone at Indore. It has also successfully leveraged private investment in transport infrastructure. The state government has been taking steps to strengthen and reinforce a conducive investment climate for potential investors through progressive policies, simplification of procedures and investment incentives.
Madhya Pradesh is a major Indian state with regards to heavy investment in infrastructure and industrial development.
