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Best Business Opportunities in Madhya Pradesh- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Madhya Pradesh, the epitome of India’s geographical centrality, is a vast and resource-rich state. The state’s infrastructure for exports is equally robust and product linked to it is happening in its major industrial corridors spread across Indore/ Dewas Ujjain, Gwalior/Bhind, Jabalpur/Katni/Singroli, Bhopal/Bina and Rewa/Satna industrial cluster places. As we make headways down under the corridors, we are assembling a complete suite that covers large to micro industries.

For manufacturers who provide GOODS to or SERVICES - for the region, as it were, the state offers less developed land relative to any in the metros with raw material cost, available industrial area

Reasons to Start Industry in Madhya Pradesh

  • Central Location and Connectivity: This area provides road-rail linkages to northern / western and southern markets in the country and located in the heart of India, so the state has less than normal transit time within PAN India supply chains (Stock).  
  • Unlike other states here an extensive range of varieties of minerals like coal, limestone, dolomite, bauxite and manganese along with an infinite area of fertile land have been present which means the state has opportunities for mining, cement, steel-ceramics and agro-industries. 
  • Multiple crops like wheat, soybean, pulses, maize, oilseeds, fruits and spices are produced in bulk which means Madhya Pradesh offers an abundant processable material leading to Food Processing, Edible Oil, Oilseed Crushing, Cold Chain and Export oriented processed foods [Vegetables + Fruits]. 

Why Select Industry for Startup in Madhya Pradesh

Entrepreneurs can target sectors that align with MP’s resource base, policy thrust and market opportunity:

  • 1) Agro-Processing and Food Industry: oilseed crushing & refining, fruit & vegetable processing, ready-to-eat foods, dairy & cheese processing, grain milling, spice processing.
    Rationale: abundant raw materials, rising domestic demand, export potential to nearby logistic hubs
     
  • 2) Cement, Ceramics and Building Materials: cement grinding units, ceramic tiles, refractory bricks, lightweight blocks and precast concrete.
    Rationale: local limestone/mineral availability, continuous construction demand
     
  • 3) Chemicals, Pharma and Petrochemical Ancillaries; bulk chemicals, specialty chemicals, APIs, and formulation units; in Mandideep and nearby clusters
    Rationale: current industrial ecology, available utilities and workforce

Market Demand

  • Urbanisation and rising disposable incomes in Madhya Pradesh have led to an increase in the volumes of processed food, few other consumer goods as well as housing materials and greater mobility.
  • Rural demand may be volatile and a factor in the slowdown.
  • Demand for cement, steel and other construction inputs remains strong.
  • Growth of the Agrifood exports and Packaged food improves with increase in supply chain quality.
  • With such rapid growth in e-Commerce, increased requirement for warehousing.

Government Support and Incentives

  • Typically, the government of Madhya Pradesh offers a range of investor facilitation schemes like one-step approvals and allotment of land from State Industrial Agencies.
  • Subsidies and concessions to priority sectors (capital subsidy, interest subvention — consider policy issues to identify specifics).
  • Allowance of power tariffs to industrial units in certain notified areas.
  • Help to MSME clusters (technology upgradation, credit linkages, marketing)... It gives separate plans for large projects and labour-intensive units.
  • Logistic & freight support for export-oriented manufacturers.

That said these are all based in Madhya Pradesh, and when you can bind all you will get investors from any region plus a human resource depth with plenty of minerals in the ground as well as superior Pavaha; situated Superior Having.  Being a Soil of India hardly discloses few of them.  With overall project economics and nothing or very little project support whose traders are interested in looking for manufacturers plus services providers across the country.

 

Read More →

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Entrepreneur India, an Industrial monthly magazine on industrial development, technologies & project opportunities aims at simplifying the process of choosing the suitable project for investment.

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