How is Madhya Pradesh Adopting Gujarat's 'Ease of Doing Business' Model for Industrial Growth?
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Synopsis
Madhya Pradesh is set to transform its industrial landscape by adopting Gujarat's renowned model for ease of doing business. Chief Minister Mohan Yadav's strategic vision aims to establish a robust network of small and medium enterprises, promising significant employment opportunities and economic growth. Discover how this initiative could reshape the state's future.
Key Takeaways
- Madhya Pradesh is adopting the Gujarat model for industrial growth.
- Over 1.25 lakh acres of land is reserved for new industries.
- The new industrial policy will be effective after January 2024.
- Focus on small and medium industries for job creation.
- Investment proposals worth ₹30.77 lakh crore were received.
Bhopal, Aug 5 (NationPress) Madhya Pradesh's Chief Minister Mohan Yadav announced on Tuesday that the Bharatiya Janata Party (BJP)-led state administration has embraced the Gujarat model for the ease of doing business to pave the way for industrial advancement throughout the state.
CM Yadav made this declaration while sharing his government's vision during the Assembly session on the seventh day of the Monsoon assembly.
He emphasized that Madhya Pradesh aims to evolve into a developed state by establishing a significant number of small and medium enterprises, which will also create job opportunities.
Recently returned from a week-long business trip to the UAE and Spain, Chief Minister Yadav informed the House that Madhya Pradesh has substantial land designated for new industries, which will operate under the new industrial policy set to be implemented after January 2024.
The state government previously indicated that over 1.25 lakh acres of land has been allocated for new industries at various sites, equipped with road connectivity and abundant mineral resources to lure investments.
"Our (BJP) government is prioritizing industries that generate employment. In addition to new industrial establishments in rural regions, we are modernizing the industrial chain by developing urban centers," the Chief Minister stated.
Furthermore, CM Yadav recognized the constructive discussions held by legislators from both the ruling BJP and the Opposition Congress regarding various topics, including the metropolitan city proposal.
"Our (BJP) government intends to establish new industries in Madhya Pradesh that can utilize raw materials currently exported outside the state, ensuring that resources are leveraged for value addition and economic enhancement," the Chief Minister remarked.
Earlier, it was reported that investment proposals worth ₹30.77 lakh crore were received during the Global Investment Summit held in Bhopal under Chief Minister Yadav's leadership in March this year.
Point of View
It is crucial to recognize the significance of Madhya Pradesh's initiative to adopt Gujarat's ‘ease of doing business’ model. This approach not only aims to enhance industrial growth but also focuses on creating employment opportunities and utilizing local resources effectively. Such strategies are vital for the economic advancement of the region and should be supported for their potential to foster sustainable development.
NationPress
08/10/2025
Frequently Asked Questions
What is the 'ease of doing business' model?
The 'ease of doing business' model refers to a framework that simplifies regulations and procedures for establishing and operating businesses, making it easier for entrepreneurs to start and grow their ventures.
How much land has been reserved for new industries in Madhya Pradesh?
Madhya Pradesh has earmarked over 1.25 lakh acres of land for new industries, aiming to attract investments and promote industrial growth.
What are the expected benefits of adopting this model?
Adopting this model is expected to create job opportunities, enhance economic growth, and enable better utilization of local resources for value addition.
When will the new industrial policy take effect?
The new industrial policy in Madhya Pradesh is set to be implemented after January 2024.
What was the investment proposal amount during the Global Investment Summit?
The state received investment proposals worth ₹30.77 lakh crore during the Global Investment Summit held in Bhopal.
