From BIMARU State To Investment Powerhouse, Madhya Pradesh Turns The Scale, Says CM Mohan Yadav Ahead Of GIS 2025

Bhopal (Madhya Pradesh): Once considered a BIMARU state, Madhya Pradesh has pivoted into a key destination for investment as its single-minded focus on infrastructure creation together with investor friendly policies and ease of doing business draws domestic and international firms, Chief Minister Mohan Yadav said.

The state offers significant advantages to investors, with affordable land prices, consistent electricity supply, strong connectivity through roads, railways and airways and an investor friendly industrial policy that includes tax incentives, land subsidies, and rebates.

Ahead of the state's Global Investors Summit (GIS) 2025 to be held in Bhopal on February 24-25, Yadav spoke about Madhya Pradesh's immense potential as an investment destination.

He highlighted that the state had been working on the summit for almost a year, focusing on building the right infrastructure, improving policies, and engaging with stakeholders. He emphasized that this summit would be different from the past ones because of the groundwork done through regional industry conclaves and discussions with investors across different sectors.

Madhya Pradesh, he said, had developed a robust infrastructure, with good roads, energy, and water supply, as well as affordable and skilled labour.

Under BJP rule, the state implemented progressive industrial policies that have provided tax incentives, land subsidies, and subsidies on electricity to attract investors. Policies were crafted to focus on specific sectors like textiles, electric vehicles (EVs), food processing, and renewable energy.

It is perhaps the only state in the country to have enacted separate policies for drones and semiconductors manufacturing that offer a host of incentives to attract manufacturers, he said.

In recent years, Madhya Pradesh has focused on improving the ease of doing business by simplifying procedures, offering a single-window clearance system, reducing bureaucratic hurdles, and implementing online portals for approvals and permits.

"Investors are looking at Madhya Pradesh with great hope," he said.

Madhya Pradesh was once considered one of the BIMARU states, a term coined in the 1980s to describe a group of states in India facing socio-economic challenges like poverty, poor healthcare, lack of infrastructure, and underdevelopment. Over the past two decades, Madhya Pradesh has made significant strides in many areas, particularly infrastructure development, industrial growth, and policy reform.

The state developed specialised industrial hubs and special economic zones (SEZs), particularly in areas like Indore, Gwalior, Bhopal, and Pithampur. These zones offer ready-to-use infrastructure, favourable policies, and other incentives for investors.

Rest, it is no longer categorised as BIMARU state.

This transformation to a vibrant investment destination "is a testament to its proactive policies, infrastructure development, and focus on key sectors", he said.