Bhopal / Tokyo
Madhya Pradesh Chief Minister Dr. Mohan Yadav discussed the Toyota Company officials on 28 January in Tokyo, the capital of Japan. During this time, while the officials informed them about the company, CM Yadav also told him the specialty of MP.
He told the representatives of the company that if they invest in the state, they will get all the facilities. The government will help them in every way. The company will not face any kind of trouble in the state. After this discussion, both sides of the meeting also gave gifts to each other.
CM Dr. Mohan Yadav told the officials of Toyota Company that there is an industrial land bank in Madhya Pradesh. It is more than one lakh acres. The government provides land to the investment company at low prices. The state is a leading state in automobile manufacturing. The state is the second major state in making bus and tractor. Madhya Pradesh is the third largest state in making commercial vehicles.
The state has more than 2800 engineering manufactures, more than 30 OEMs and more than 200 auto component manufactures. The state got the first place in the Good Governance Index 2021 among the Group B states. The state is a stronghold of NATRAX. It has Asia’s longest high speed testing track. There are 14 Test tracks and 5 auto-specific labs here. Madhya Pradesh has the ability to become number-1 in making commercial vehicles and agricultural equipment.
Immense opportunity to invest in this sector
CM Yadav told the officials of Toyota Company that the state is a rapid emerging state in the automobile sector. Access to the state is easy. There is an infrastructure of expert manpower and world class in work here. Due to the policies of the state government, there is a possibility of an increase of 52 per cent in industrial investment. From 2022 to 2030, there is a possibility of 49 per cent increase in the market for electronic vehicles. There are immense opportunities in Madhya Pradesh to invest in this sector. The state is fully prepared to lead this sector.
What is special in MP
Madhya Pradesh chief Dr. Mohan Yadav told the officials that it is easy to do business in the state. The supply chain is better here. The state is a stronghold to international manufacturing companies. There is a direct facility to export international markets from here. Volvo-Ayshar companies are providing world-class engines in international markets. Land and working experts are found at low prices in the state. According to the policies of the government, companies are given 40 percent subsidy.
These are established-up industrial areas
Pithampur Industrial Area of Indore is close to the Delhi-Mumbai Industrial Corridor. There is a system of SEZ here. Rail and road have better connectivity. One area is working in an area like for Force Motors, Mahindra & Mahindra, Volvo Eicher, Bridistone. Mandideep Industrial Area of Bhopal is Auto Component Hub. The industrial area of Dewas is also a leader in components. MSME has a large empire in the Gwalior region. It is also going to be a leader in auto component manufacturing.
These are the big players of MP market
Volvo Eicher, located in Pithampur, has set up eight plants at a cost of Rs 6 thousand crore. Its annual turnover has crossed Rs 8 thousand 650 crore. The company exports commercial vehicles to international markets. Similarly, Bridistone India also makes 20 thousand tires daily. Its turnover is more than Rs 2500 crore. CNH Industrial Company World -class construction equipment supplies to the whole world. The state exported US $ 191 million automobile and auto component in the financial year 2024. All these goods were sent to 200 countries.
What is the policy of Mohan government
The policy of Madhya Pradesh is such that it focuses on capital investment, employment generation and export in the whole country. The government helps up to 40 per cent for investment and plant-masper. The government gives one and a half times incentive to provide employment to the youth of the state. MP helps companies to manufacture infrastructure. Companies get more than one times export benefit. Ribet in power tariffs helps them in electricity bills.
These officials of Toyota Motors discussed with CM
Among those who discuss with CM Dr. Mohan Yadav, Toyota Motor Corporation General Manager (India-Midil East) Takayuki Kano, Department General Manager, Administration -port Department (India-Midil East) Toshiyuki Nakhara, Project General Manager, Administration-Col. The department (India-media East) was Masahiro Nogi.
