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Industrial Scenario of Madhya Pradesh
- Investment Scenario
Madhya Pradesh government in its endeavour to transform the State into a developed one and promote it as potential investment destination has been organising several industrial promotional programmes and investors' meets. The State government is leaving no stone unturned to ensure complete utilisation of natural resources available in the State in the development of industry sector and of State's geographical advantage. Madhya Pradesh is the only state of the country to have diamond reserve besides 60000 million tonnes limestone reserve, 8 per cent coal reserve of the country and 114 billion cubic meters coal-bead methane. Out of 11 agro climatic zones of the country, Madhya Pradesh has 11 agro climatic zones. The state is first in producing soybean, pulses, grams and garlic an comes in the list of first five states in producing wheat chill, coriander in the country Madhya Pradesh is one of the leading states in growing banana, orange, mango and lemon fruits. The state contributes the highest 30 per cent forest area to the total forest area of the country. Medicinal plants of around 2200 varieties are available in Madhya Pradesh forest. The state has 14 per cent 'pashudhan' (cattle wealth) of the country which contributes 12 per cent to the to the milk production of the country. Around One lakh manpower (technical experts) is being prepared every year in the state. The state is well-connected to other parts of the country by road, rail and air routes. The telecom network of the State is of high standard. Madhya Pradesh is also rich in culture and tourism. Tourism spots like Khajuraho, Bhimbaithika and Sanchi have been recognised as world heritage centres. Kanha, Bandhavgarh, Pench, Panna and Shivpuri are famous tiger reserve and oyher animals. Pachmarhi, amarkantak and Tamia are some other major tourism sports of the State. The state is leading in textile manufacturing, automobiles, food processing, soya processing, engineering and agriculture equipment manufacturing. The peaceful manpower of the State is an advantage for industrial development. All the above mentioned factors pave the way for the Madhya Pradesh to become a developed state. Centre for Monitoring Indian Economy (CMIE) in its reports published in February 2010 estimated growth rate of investment in Madhya Pradesh at 11.4 percent. As many as 562 projects involving Rs.3,57,558 crores in manufacturing, mining, power, services and infrastructure sector have been proposed of which 206 projects costing Rs.1,55,149 crores are underway and projects worth Rs.39,000 crores would be completed in the fiscal 2010-11. State has witnessed significant growth in large and medium industrial sector. 89 industrial units with investment of Rs. 4800 crores were setup during 2003-04 and 2008-09 and 15000 people were given employment. In the year 2009-10, Rs, 3500 crores has been invested on 30 industrial units and Bina Refinery have capital outlay of Rs. 10500 crores an almost ready to commence commercial production. It is to be mentioned here that Rs, 14100 crores investment done in industrial sector this year is equal to the investment done in the same field till date since the existence of the State.
Investment in Large and Medium Industries
S. NO. FINANCIAL YEAR NO. OF UNITS INVESTMENT IN CRORES EMPLOYMENT 1 2004-2005 17 380.00 1753 2 2005-2006 14 134.00 1020 3 2006-2007 15 777.00 2607 4 2007-2008 11 1478.00 3942 5 2008-2009 27 1866.00 4500 6 2009-2010 27 2542.00 5898 TOTAL 111.00 7177.00 19720.00
- Significant Growth in Export Business
Prominent industrial hubs such as Mandideep, Pithampur, Dewas, Malanpur and Pilukhedi have witnessed significant growth in export business. The export business of these industrial centers was estimated at Rs. 2307.45 crores in the year 2006-07 and Rs. 5673-91 crores in the year 2007-08. * SEZ :- By 2003, the number of Central government approved Special Economic Zones (SEZ) was one which is now 22. The country's first green field SEZ in Indore is an achievement for the State Government. So far 46 industrial units have been allotted land in Indore SEZ in which investment of Rs. 1300 crores has been done and 28 units are established. Around 7500 people are engaged in these units. Nine units involving Rs. 650 crores are under construction in the SEZ, The SEZ has so far done Rs. 1300 crores export business. Under the ASIDE scheme of the government, industrial infrastructures have been strengthened. After 2003, around 35 infrastructural projects costing Rs. 200 crores have been completed. Rs. 73.29 crores was spent in infrastructure development at Pithampur Auto Cluster project, water supply project costing Rs. 80 crores was set up in Dewas, The project was also contributed by the Private participation. This project would meet the water demand of the industries in Dewas industrial area. The State government has allotted 40000 acre land for setting up international level Digital Auto Testing Track approved the Government of India. The project cist has been estimated at Rs. 500 crores. Consultant has been appointed for the implementation of Delhi-Mumbai Industrial corridor passing through the State. Strategies have been chalked out to develop Pithampur-Dhar-Mhow and Ratlam - Nagda as mega industrial region and Dewas Shajapur and Neemuch-Nayagaon industrial area under the industrial corridor project. Knowledge city Ujjain, Multi-Modal logistic hub at Pithampur, Economic Corridor on Indore-Pithampur Airport Road and water supply project and sewerage project in Pithampur have been approved, All these projects would bring the revolutionary changes to State's economy.
- MOU with Potential Investors
Due to untiring efforts of the State government, 324 Memorandum of Understanding (MoUs) worth Rs. 4,51,474 crore have been signed for setting of various Industries in the State. Of 324 MoUs, 12 MoUs have been implemented and 18 MoUs involving Rs. 38,845 crore are being implemented. The remaining 255 MoUs costing Rs. 3,81,902 crore are in the process. The Sate government has rejected 16 MoUs involving Rs, 24000 crore for different reasons.
- Policies to Encourage Investments, Bring Transparency
To encourage investments and bring transparency, the State Government introduced a number of new/amended policies. Forest Policy 2005, IT Policy 2006, Waste Land Policy 2006, Multiplex Policy (amended), 2006 Micro Water Energy Policy, 2006, Housing Policy 2007, Food Processing Policy 2008, Industrial Facilitation Act 2008 and Madhya Pradesh Land and Building Management Policy 2009 have been issues, Industry Policy 2004-07 is being revised and a Revised Industry Policy 2010 would be introduced soon. State Government has passed Madhya Pradesh State Investment Facilitation Act 2008 to simplify the rules and give clearances to various projects coming up in the State. Under the provisions of this Act the following empowered committees have been constituted for facilitation of new investment by simplifying the regulatory frame work, reducing procedural requirements and rationalizing documentation and to provide for friendly environment to an investor in the State. * Apex Level Investment Promotion Empowered Committee headed by Chief Minister of State for Mega Project. * State Level Investment Empowered Committee headed by Industry Minister. * District Level Investment Empowered Committee headed by Collector of the concerned district. Beside these committees State Government has developed a single table concept by the constituting Project Clearance and Implementation Board headed by the Chief Secretary to given clearance to the projects coming up in the State. Under the provision of Madhya Pradesh Investment Facilitation Act 2008 Combined Application Form for all necessary clearance/approvals is also being introduced very shortly. Investment proposals under the provisions of above Act are disposed of in specified time limit with the special focus on self certification. A fast track facilitation and escort service for common application filling pertaining the following departments * Revenue * Commercial taxes * Labour * Energy * Housing and Environment * Urban Administration and Development * Panchayat and Rural Development * Food and Drug Administration The Empowered Apex Level Committee is headed by the Chief Minister. The minister for Commerce, Industry and Employment, Vice Chairman, Minister for Finance, Minister for Commercial Tax and Chief Secretary are the Members of the committee. This committee has the powers at par with that of cabinet committee on Economic Affairs. Obtaining customized economic assistance package from empowered committee. So far customized projects for 146 Mega projects of worth Rs. 82,000 crores has been cleared by Apex Level Committee headed by Chief Minister. State Government has constituted Project Clearance and Implementation Board (PCIB) under the Chairmanship of Chief Secretary in which 'in-principle' sanctions are given for projects related to industries, services and infrastructure and the problems are solved regarding implementation of the projects. In this Committee, Principal Secretaries/Secretaries of related departments is members. PCIB has the powers of allotment of barren land, approval and land allotment for tourism related projects and to recommend the proposals of SEZ to the Board of Approvals, Government of India. The Board is scheduled to meet twice a month. Project of worth Rs. 1,82,400 crores has been facilitated by Project Clearance and Implementation Board (PCIB). Under the existing policy; the investors are being offered special packages for setting up their industrial units in the State. Rebate on taxes such as VAT, Commercial Tax, Central Sales Tax. Out of 350 investment proposals costing Rs. 15000, which are registered, 26 industries have been given tax rebate of Rs. 20 crores and about Rs. 16 crores rebate would be granted in nine other cases. Rebate on entry tax, rebate on land rate for mega project, special package for establishing industries in Food Park and package to sick and closed units and other facilities are being provided by the State government. The State government is determined to the growth of Stateâs economy.
- Some Major industrial Units set up in recent years
Budhni-Sehore : Vardhaman Spinning Mill and Abhishek Industries Special Economic Zone Indore : Pratibah Syntex, Felxituff, SRF, Ipca Laboratories, India Nets, Lupin Pharmaceuticals, Cimins Turbo Technology and Newtech Pipes. Malanpur-Bhind : VRS Foods, Teva API, Godrej consumer Products and Sterling Agro Industries. Pithampu-Dhar : Lakhani Rubber Products, Jaideep Glass Works, Leugong India, Bridgstone and Force Motors Borgaon- Chhindwara : JCO Gas Pipe, Safal Food Products and Olbesco Bakers. Mandideep- Raisen : SSA International, Dawat Foods, JEI Power, Mahindra Steel Service Centre and Vardhaman Spinning (2nd unit). Other Places : Rio-Tinto Bunder Project (Chhatarpur), Parakh Agro (Nirmani), Kamal Cotton Spin (Burhanpur), KS Oil (Ratlam), Platinum Cement (Dhar), Dhanuka Exxtraction Pvt. Ltd. (Dhar), Shakti Sugar Mill (Narsinghpur) and Ramnik Power and Alloy Distt. Balaghat.
- Special Economic Zone
The country's first green field SEZ set up in Indore which apparently was an achievement for the State government. So far 46 industrial units have been allotted land in Indore SEZ In which investment of Rs. 1300 crore has been done and 20 units are established. Around 7500 people are engaged in these units, Nine units involving Rs 650 crores are under construction in the SEZ. The SEZ has so far done Rs. 1300 crore export business.
- Infrastructure Development
Under the ASIDE Scheme of the government, industrial infrastructure have been strengthened. After 2003, around 35 infrastructural projects costing Rs. 200 crores have been completed. Rs. 73.29 crores was spent in infrastructure development at Pithampur's auto cluster project, water supply project costing Rs. 80 crores was set up in Dewas with Private participation. This project would meet the water demand of the industries Dewas industrial area. The State government has allotted 4000 acre land for setting up International level Digital Auto Testing Track approved by the Government of India. The project cost has been estimated at Rs. 500 crores.
HCM one to one Meet with the Global Investors at GIS-16.
H'ble Industries Minister Inaugurating the Trade Exhibition during GIS-16.
Online Land Booking at MP Pavilion at BCC.
CEO Conclave Dinner Held on 21 October 2016 at Indore during Global Investors Summit-16.
Inaugural Global Investors Summit 2016.
Hble Chief Minister with Hble Industries Minister during the one to one session at GIS -16.
Ease of doing business: Developed an IT-enabled "Single Window System" to create a seamless flow of investors' application between administrative departments / agencies, to facilitate time bound approvals.
An MOU was signed on 18 July 2016 with CII as national partner to concretize concept of 'Make in Madhya Pradesh'