Approval of Various Policies to Develop the State
12-Feb-2025 12:00 AM 381

The Cabinet meeting, chaired by Chief Minister Dr. Mohan Yadav, was held on Tuesday at the state secretariat. During the session, the Industrial Promotion Policy 2025 was approved with the aim of transforming Madhya Pradesh into a developed and prosperous state. The policy includes 10 sector-specific strategies covering: Agriculture, Dairy, and Food Processing Policy, Textile Policy, Apparel, Footwear, Toys & Accessories Policy, Aerospace and Defense Production Promotion Policy, Pharmaceuticals Policy, Biotechnology Policy, Medical Devices Policy, Electric Vehicle (EV) Manufacturing Policy, Renewable Energy Equipment Manufacturing Policy, AND High Value-Added Manufacturing Policy Objectives of the Industrial Promotion Policy 2025 is to boost industrial development in Madhya Pradesh, increasing the state’s current GDP from Rs 2.9 lakh crore to approximately Rs 6 lakh crore by 2030, and develop world-class industrial infrastructure to offer a comprehensive ecosystem for investors. The Policy is aimed to promote environmentally sustainable industrial growth and balanced regional development, Create around 2 million new employment opportunities over the next five years, focusing on labor-intensive sectors, Enhance investor facilitation and simplify business processes in the state, and align state schemes with industrial needs and prepare a future-ready workforce. These policies and incentives are aimed at attracting investments, promoting industrial growth, and creating employment opportunities in Madhya Pradesh.

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