Chief Minister Dr. Mohan Yadav said that Madhya Pradesh has developed an excellent ecosystem for industries such as chemical, pharmaceutical, petrochemical, and plastics. Dr. Yadav highlighted that Prime Minister Shri Narendra Modi laid the foundation stone for Bharat Petroleum’s petrochemical project in Bina, valued at over Rs 50,000 crore, and work on the project has already commenced. Additionally, GAIL India’s Rs 35,000 crore mega petrochemical project is progressing rapidly and is expected to generate direct and indirect employment for 25,000 people. The state is home to leading private and public sector companies in the chemical and petrochemical industries, and 275 pharmaceutical units, which export medicines to more than 160 countries. Madhya Pradesh ranks fourth in the nation in pharmaceutical exports, with Rs 11,889 crore worth of pharma products exported in 2023-24. To attract further investment and boost growth in this sector, the state government is preparing an attractive pharma policy. Dr. Yadav emphasized that Madhya Pradesh is a future-ready state, and the government’s efforts in the chemical and fertilizer sectors will pave the way for a new era of development. CM Dr. Yadav was addressing the 13th edition of India Chem-2024 in Mumbai on Friday.