Business & Policy | News & Insights

MADHYA PRADESH TEXTILE POLICY

Published: February 29, 2020
Author: TEXTILE VALUE CHAIN

Madhya Pradesh (MP) is amongst the leading states in India both in terms of area
and population. The state has gained a significant position in the country based on
investment and economic growth. Over the years, the state has developed a robust
infrastructure, favourable policy environment & industrial growth centres, which has
expedited the growth of industrialization. As a result, Madhya Pradesh’s state domestic
product grew at a CAGR of 10.3% during 2007-08 to 2012-13 where as India’s GDP grew at a
CAGR of 7.15% during the same period.
The state has been at forefront in promoting industrial growth by offering gamut of
incentives to promote rapid industrialization, and is able to harness its strengths to expand
its economy with the support of conducive policies. State has identified thrust sectors
including Auto and auto components, Textiles, Tourism, IT/ITEs, Healthcare, Skill
development, Pharmaceutical, Renewable energy, Biotechnology and Logistic &
warehousing which provide the required impetus to the economic growth.
MP is centrally located and has excellent connectivity across major cities of the
country. It has a total road network of 58,423kms with 20 national highways passing through
the state. The state is well connected with rail services to all major cities and also to
international export markets via Jawaharlal Nehru Port in Mumbai and Mundra Port in
Gujarat. The Delhi Mumbai Industrial Corridor (DMIC) passes through 10 districts of the
state, which enhances high-speed access to ports and Northern & Western markets of India.
MP provides a peaceful labour force and stable industrial environment. The state has
large number of engineering colleges (224), polytechnics (114), ITIs (415), and other
vocational training institutes to ensure availability of skilled manpower across various
sectors in different regions of the state.
The state has developed a strong pipeline of investments during the last five years
and would continue to attract more investors by developing an enabling industrial eco
system which would lead to sustainable industrialization and ensure economic prosperity of
the state

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