| Madhya Pradesh, in its
present form, came into existence on
November 1, 2000, following its
bifurcation to create the new state of
Chhattisgarh. With a Net State
Domestic Product of US$ 9.8 billion,
Madhya Pradesh is the ninth largest
state economy in India. 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.
Advantage Andhra Pradesh
-
Leading producer of cement, textiles
and edible oils -
First state to develop a greenfield
Special Economic Zone -
Track record of attracting private
investment in transport
infrastructure -
Potential for developing automobile
and pharmaceutical industries -
Relatively low cost of labour and
infrastructure -
Rapid improvement in social
development indices
|
