MSME & STARTUP

Empowering Innovation, Driving Growth

Madhya Pradesh (MP) is at the forefront of fostering a dynamic ecosystem for Micro, Small, and Medium Enterprises (MSMEs) and startups, creating a thriving business environment backed by policy-driven incentives, infrastructure, and financial support. With 1.65 million MSMEs contributing significantly to the state’s economy and over 5,000 startups shaping its entrepreneurial landscape, MP is poised to become a leading hub for manufacturing, innovation, and startups. The state’s dedicated startup policies and incubation support have accelerated the growth of tech-driven enterprises, making MP a preferred destination for emerging businesses.

Key Highlights

MSME Growth:

1. 1.65 million MSMEs operating across manufacturing, trading, and services

2. 8.6 million people employed in the MSME sector

3. Contributing ~30% to the State GDP

4. ₹53,000+ Cr investment in MSMEs

5. 5 lakh+ MSMEs in the service sector

6. 2.63 lakh+ (16%) women-owned MSMEs, empowering female entrepreneurs

Startup Ecosystem:

1. 5,000+ startups registered under the MP Startup Policy

2. 50,000+ employment opportunities created

3. 72 incubators providing mentorship and technical support

4. Rs. 10+ Cr invested by 3 empaneled Alternative Investment Funds (AIFs)

5. 47% of startups led by women, fostering gender-inclusive entrepreneurship

6. Key sectors: IT, Healthcare, Agritech, Construction, and Engineering

7. A unified Startup Portal (startup.mp.gov.in) connecting all ecosystem players

Madhya Pradesh in the National Landscape

#1

Ranked 7th in India’s largest MSME base
#2

Ranked 13th in total state-wise exports
#3

Home to leading IT exporters like Yash Technologies and Impetus
#4

Pithampur is one of the leading Special Economic Zones (SEZs) among state government-established SEZs
#5

35955 direct and 8571 indirect jobs created through SEZs
#6

Pharmaceutical industry leads the most exported commodities from MP

Why Invest in Madhya Pradesh?

Policy & Financial Incentives

MSME & Startup Policies:

1. Subsidies for capital investment, quality certifications, energy audits, and IPR protection

2. Additional benefits for export-oriented units and employment generation

3. Sectoral packages for Pharmaceutical, Food processing, Appareal, Textile, Powerloom, Furniture, Toys and related value chain products

4. Exclusive financial incentives for incubators and product-based startups

5. Seed funding, power concessions, and marketing support for national and international events

Infrastructure & Industrial Growth

Industrial Clusters:

1. 172+ functional industrial areas and 20 new industrial areas/clusters under development

2. 1900 hectares of industrial land available with up to 90% rebate on land premium

Sectoral Growth:

1. 4000 MSMEs in food processing

2. 200+ drug manufacturing MSMEs in pharmaceuticals

3. 2 Integrated Plastic Parks supporting the plastics value chain

4. 5 Furniture Clusters under development

5. 3000+ MSMEs in textile & garmenting (MP ranks 6th in cotton production)

6. Automobile & Engineering hubs in Bhopal & Indore with dedicated design & technology support centers

Ease of Doing Business

1. Seamless Online Process for registrations, incentives, and approvals

2. No licensing required for exports except an Import-Export (IE) License (PAN-based)

3. Tax-free exports, supporting a hassle-free global trade ecosystem

Key Players in the State