• Extended Gram Swaraj Abhiyan campaign is being organised in the districts Barwani, Khandwa, Rajgarh, Chhatarpur, Damoh, Guna, Vidisha & Singrauli from 01.06.2018 to 15.08.2018.         |

9, Arera Hills, Central Bank of India,
Zonal Office, Bhopal

1800 233 4035
smslbc@centralbank.co.in

Introduction


Madhya Pradesh is called the heart of India due to its geographical location in India. Madhya Pradesh is the second largest state in the country by area. It is the sixth largest state in India by population. Madhya Pradesh economy largely depends on agriculture, industries and minerals. About 65% of the total work force of the state depends directly and indirectly on agriculture. Mines and industries play an important role in economic development of state. The state is rich in mineral resources and has the largest reserves of diamond and copper in India. More than 30% of its area is under the forest cover.

Over the last decade Madhya Pradesh has witnessed a radical transformation in terms of economic and social development. The state has recorded an impressive growth in GSDP averaging over 9% during the last decade of stable governance, supplemented by creation of a robust support infrastructure in terms of roads, water supply, irrigation capacity and a year round 24x7 power supply. The abundant manpower of the state has been developed into a skilled technical workforce, with the presence of world class institutes like IIM, IIT, AIIMS, Engineering colleges and several ITIs. 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.

Having established a strong pedestal for rapid economic development, the people centric transparent policies and hassle-free investment procedures in the state are gradually making Madhya Pradesh a Global Investment Hub. Already, domestic and global multinational firms including TEVA, TCS, Infosys, John Deere, Bridgestone, Reliance, Rio Tinto, Cummins, Volvo, Novartis, P&G, AkzoNobel, and Essar have made investment in the state.

Advantage Madhya Pradesh

  1. Strategic location
    • Air connectivity -

      Direct flights from key cities. There are three operational airports in Bhopal, Indore and Jabalpur.

    • Train connectivity -

      More than 455 trains transit through Madhya Pradesh daily. 220 trains transit through the State’s capital Bhopal alone. North -South & East-West corridors cut across Madhya Pradesh. There is convenient access to major ports such as Kandla port and Jawaharlal Nehru port in the state. Bhopal, Indore, Jabalpur, Gwalior, Itarsi, Ratlam Bina, Katni & Guna are the main railway stations. Jabalpur is the headquarter of West-Central Railways.

      Bhopal is the divisional headquarter of West-Central Railway. Some important ongoing works falling in Bhopal division are new lines on Ramganjmandi-Bhopal Sec. (262 Km.); doubling of Bina-Ruthiyai-Kota Sec. (282 Km.) and tripling project of Bina-Habibganj-Barkheda-Budni-Itarsi Sec.(total 242 Km). Ratlam is the divisional headquarter of Western Railway.

  1. Road connectivity -
    • 38 National Highways (N.H. No-3, 7, 12, 12A, 25, 26, 26A, 26B, 27, 56 New, 59, 59A, 69, 69A, 75, 76, 78, 86, 92, 339B New, 927A New, 45 Ext New, 347C New, 552 Ext New, 346 New, 752B New, 752C New, 543 New, 146B New, 347B New, 43 Ext New, 135B New, 943 New, 548C New, 752G New, 161G New, 347A New& 753L New) of length 7,854 km pass through the State.
    • Madhya Pradesh possesses a road network of around 160,000 km.State highways are of around 11,000 km in length. Narmada Expressway is the proposed 8 lane expressway in the state, which will connect Amarkantak in the eastern end of Madhya Pradesh via Dindori, Shahpura, Jabalpur and Alirajpur to western end of the state alongside of Narmada River. The highways measures 1,300 km will connected Gujarat with Chhattisgarh.
  2. Strong Resource Base -
    • The state is leading producer of Manganese. Dolomite, Rock Phosphate and Glass Sand.
    • It is major cement producing state in India accounting for 14% of the total cement production.
    • India’s largest opencast copper mine at Malanjkhand, Balaghat.
    • Thickest coal seam (135 mm) in Asia at Singrauli coalfield.
    • Major producer of Coal, Limestone, Copper, Diaspora and Pyrophyllite.
    • Only diamond producing state in India.
  3. Consistently strong economic growth
    • GSDP (Gross State Domestic Product) growth at constant prices during the base year 2011-12 was at Rs 3,15,562 crore which has risento Rs 4,65,136 crore in 2016-17. Between 2011-12 and 2016-17, the Compound Annual Growth Rate (CAGR) for GSDP was 14.01%.
  4. Robust support infrastructure
    • 56,857 MCM water is available from 10 main rivers for irrigation of 69.74 lakh hectare of land.
    • Large tracts of land is available at very competitive rates.
    • Power surplus state with an installed capacity of 19,618 MW during 2016-17. It was 326848 MW for all India.
    • Per capita availability of power in 2016-17 was 906 kilo watt/hour.
    • Madhya Pradesh is home to the single largest solar voltaic unit in India at Neemuch.
    • Rewa Ultra Mega Solar is a proposed solar park spread over an area of 1,590 acres (6.4 km2) in Rewa district of Madhya Pradesh. The project is expected to be commissioned with 750 MW capacity.
  5. Ease of Doing Business
    • Focused on creating an enabling investment climate to improve ‘ease of doing business’ for existing and prospective investors.
    • Developed an online investor facilitation & approval monitoring system to provide services to investors on a single platform.
    • Most progressive Policies in the State.
    • Stable Government.

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