Madhya Pradesh Economy and Industry

Overview

Madhya Pradesh’s economy largely depends on agriculture, industries and minerals. About 70% of the total work force of the state depends directly or indirectly on agriculture. Mines and industries play important roles in economic development of the state. There are many flourishing textile mills in the state and artificial silk manufacturing plants located at Ujjain, Nagda, Indore and Gwalior. Public sector industries including the Bhilai Steel plant, the Heavy Electrical and the Bailadilla are the major achievements. The Nepa Mills produces newsprint for the country. Diesel engines are manufactured at Indore and attractive pottery and carpets are produced at Gwalior.

A sizeable population in the villages makes traditional crafts such as chanderi sarees, leather and clay toys. Secondary industries such as dyeing, calico printing and bleaching have also tended to concentrate in areas producing handloom cloth, silk and wool products. The state’s wood work and lacquer-ware are also very famous.

Important minerals found in M.P. are coal and iron. High quality iron-ore is found in Bastar, Jabalpur and Gwalior. The Panna region is famous for its diamond belt and is well known for the production of diamonds. Bauxite and marble are also found in several districts of Madhya Pradesh.

Agriculture: Madhya Pradesh is one of the leading producers of pulses like urad, mung and arhar. About one-fifth of the country’s total production of pulses comes from this state. Other min crops produced in Madhya Pradesh are wheat, soyabean and mustard.

Industrial Promotion Policy

For carrying out rapid industrial development in the state, the government of Madhya Pradesh has formulated an industrial promotion policy 2004 which is liberal enough for investment. The objectives of the new industrial promotion policy are to create industry-friendly administration, to maximize employment opportunities, to tackle industrial sickness, rationalize rates of commercial taxes and enlist participation of private sector in the efforts of industrialization. For more information on industrial policy, click here

Major Industrial Sectors

    * Beverages & Soft Drink Based Industries
    * Food Processing Based industries
    * Forest Based Industries
    * Electrical Engineering Based Industries
    * Electronic Engineering Based Industries
    * Mechanical Engineering Based Industries
    * Drugs& Pharmaceuticals Based Industries
    * Chemical Based Industries
    * Petrochemical Based Industries
    * Agro Based Industries
    * Basic Metal Based Industries
    * Non Metalic Minerals Based Industries
    * Textile Based Industries
    * Leather Based Industries
    * Rubber & Plastic based Industries