Investment Potential in Madhya Pradesh Centre for Urban Research
Emerging Sectors/ Sectors with High Growth Potential in the State:
Automobiles & Auto Components:
Madhya Pradesh's location at the centre of India has led to its emergence as an important destination for automobile and auto component industry. The industrial belt around Indore has production facilities for a number of automobile manufacturers. A network of vendors supplying auto components to these plants is being established. Prominent automobile and auto component players present in Madhya Pradesh are Kinetic Motors, Eicher Motors, Bajaj Tempo and Hindustan Motors.
Some investment in the pipeline in this sector are Bajaj Tempo's plans to invest US$ 80 million to manufacture heavy and light commercial trucks in technical collaboration with Maschinenfabrik Augsburg-Nurnberg (MAN) of Germany at Pithampur; Kinetic Motors new production line for manufacturing the Italjet range of scooters at Pithampur and Hindustan Motors plan to invest around US$ 16 million over a period of four years to manufacture and supply automobile engines and transmission units to Ford India.
Pharmaceutical
By leveraging the existing manufacturing base, along with a low cost resource pool Madhya Pradesh has a potential to further develop the pharmaceutical industry in the state. Ranbaxy, India's leading pharmaceuticals company, has a bulk drug and formulation plant at Dewas in Madhya Pradesh. IPCA Laboratories plans to invest US$ 22 million to expand its formulations capacity at Ratlam and invest US$ 14 million to set up a new export oriented formulations unit in Indore.
The plant will come up in the SEZ and will be built according to USFDA specifications. Nicholas Piramal is investing US$ 7 million to invest in its opthalmology products facility at Pithampur. Biofill Pharma plans to invest US$ 25 million in Pithampur and Lupin Laboratories is expanding its manufacturing plant at Mandideep with an investment of US$ 4.5 million.
Proposed Industrial Parks in influence area of DMIC Region . Food Park-Mandsaur,
. Herbal Park, Apparel Park & Gems & Jewelry Park-Indore;
. Pharma/Auto/Textile/Food Processing Clusters in and around Indore and Ujjain
Other on-going/ Proposed Initiatives in IT/ITES Sector
Crystal IT Park, Biotech Park and Software Technology Park at Indore.
Automobiles & Auto Components:
Madhya Pradesh's location at the centre of India has led to its emergence as an important destination for automobile and auto component industry. The industrial belt around Indore has production facilities for a number of automobile manufacturers. A network of vendors supplying auto components to these plants is being established. Prominent automobile and auto component players present in Madhya Pradesh are Kinetic Motors, Eicher Motors, Bajaj Tempo and Hindustan Motors.
Some investment in the pipeline in this sector are Bajaj Tempo's plans to invest US$ 80 million to manufacture heavy and light commercial trucks in technical collaboration with Maschinenfabrik Augsburg-Nurnberg (MAN) of Germany at Pithampur; Kinetic Motors new production line for manufacturing the Italjet range of scooters at Pithampur and Hindustan Motors plan to invest around US$ 16 million over a period of four years to manufacture and supply automobile engines and transmission units to Ford India.
Pharmaceutical
By leveraging the existing manufacturing base, along with a low cost resource pool Madhya Pradesh has a potential to further develop the pharmaceutical industry in the state. Ranbaxy, India's leading pharmaceuticals company, has a bulk drug and formulation plant at Dewas in Madhya Pradesh. IPCA Laboratories plans to invest US$ 22 million to expand its formulations capacity at Ratlam and invest US$ 14 million to set up a new export oriented formulations unit in Indore.
The plant will come up in the SEZ and will be built according to USFDA specifications. Nicholas Piramal is investing US$ 7 million to invest in its opthalmology products facility at Pithampur. Biofill Pharma plans to invest US$ 25 million in Pithampur and Lupin Laboratories is expanding its manufacturing plant at Mandideep with an investment of US$ 4.5 million.
Proposed Industrial Parks in influence area of DMIC Region . Food Park-Mandsaur,
. Herbal Park, Apparel Park & Gems & Jewelry Park-Indore;
. Pharma/Auto/Textile/Food Processing Clusters in and around Indore and Ujjain
Other on-going/ Proposed Initiatives in IT/ITES Sector
Crystal IT Park, Biotech Park and Software Technology Park at Indore.
