Obtaining approvals
An indicative list of approvals with timeframe for setting up business in
Madhya Pradesh
|
Department |
Agency |
Timelines |
|
Environment/Industries
|
District Trade & Industries Centre / Madhya Pradesh
Pollution Board
|
No objection certificate for identified industries:
Immediate
Approval from Pollution Control Board: Immediate
|
|
Industries |
District Trade & Industries Centre
|
Provisional Registration: Immediate Permanent
Registration: 7 days Letter of Intent: Immediate Land Allotment (after
necessary scrutiny): Immediate
Processing of lease deed: 7 days Issue of Entry Tax/
Sales tax exemption certificate: Immediate Approval of capital subsidy: 30
days Approval of interest subsidy: 7 days
|
|
Industries/Electricity
|
District Trade & Industries Centre
|
Approval for electricity connection: Immediate
|
|
Industries/ Finance
|
District Trade & Industries Centre
|
Approval of Bank loan: 30 days |
Source: PwC research
Cost of setting up business
An indicative table on cost of setting up business in Madhya Pradesh
|
Indicator |
Value (in US$) |
| Industrial land (per sq mt) Office space rent
(per sq ft per month) |
4.8 - 28.7
0.48 - 0.96 |
| Residential rent (for a 2,000
sq ft house, per month) |
268 - 335 |
|
5-star hotel room (per night) |
76.6 - 95.7 |
|
Electricity (per kWh) |
0.086 - 0.124 |
|
Water (per 1000 litres) |
0.19 |
Source: PwC research
Note: Exchange rate used is INR 47 per US$.
Contact for information
State Government Website
www.mpgovt.nic.in
Madhya Pradesh State Industrial Development Corporation (MPSIDC)
Madhya Pradesh State Industrial Development Corporation is the nodal agency
responsible for development of industrial estates and investment promotion in
Madhya Pradesh. MPSIDC has five subsidiary companies located in Bhopal, Indore,
Gwalior, Jabalpur and Rewa. Each of these subsidiaries develops and manages
different industrial estates within their areas of jurisdiction.
Madhya Pradesh State Industrial Development Corporation
AVN Towers, 192 Zone-1
MP Nagar
Bhopal 462 011
Tel +91 755 5270370
Fax +91 755 5270280
Email
mpsidc@sancharnet.in
Web
www.mpsidc.org
Confederation of Indian Industry (CII)
Information on markets and opportunities for investment in Madhya Pradesh can
also be obtained from Confederation of Indian Industry which works with the
objective of creating a symbiotic interface between industry and government.
Confederation of Indian Industry State Office
17, Vaishali Nagar, Kotra Bhopal 462 003 INDIA
Tel +91 755 5293792
Fax +91 755 2671461
Email
ciimp@ciionline.org
Web
www.ciionline.org |
