CM Dr. Mohan Yadav Highlights International Exposure and Growth Opportunities for Young Entrepreneurs
Bhopal, Sunday, February 9, 2025 Madhya Pradesh is rapidly emerging as a thriving startup hub, aligning with Prime Minister Narendra Modi’s vision for industrial growth and job creation, said Chief Minister Dr. Mohan Yadav. The state government is committed to fostering innovation, entrepreneurship, and employment generation, ensuring that young entrepreneurs receive the necessary support, ecosystem, and resources to turn their ideas into successful businesses.
The Global Investors Summit (GIS) 2025, scheduled for February 24-25 in Bhopal, will be a game-changer for startups in Madhya Pradesh. With participation from international investors and business leaders, the event will introduce local entrepreneurs to global technologies and innovations, giving them a competitive edge and accelerating their growth.
Transforming the Startup Ecosystem with Policy and Infrastructure Support
CM Dr. Yadav emphasized that startups are not just fueling economic growth but also creating new employment opportunities in the state. The government is implementing strong policy measures, financial assistance programs, and advanced infrastructure to support the startup ecosystem. These initiatives will drive innovation and empower young entrepreneurs to achieve their business goals.
Madhya Pradesh’s “MP Startup Policy and Implementation Scheme” is a significant step in this direction. Under this scheme:
Financial support of up to ₹18 lakh (18% of total investment) is provided to eligible startups.
Assistance is distributed across four different stages of startup growth.
Relaxation in tender eligibility for startups, exempting them from turnover and experience requirements.
No Earnest Money Deposit (EMD) is required for government projects.
Exemption from mandatory licensing fees and priority in government procurement for two years.
Madhya Pradesh’s vast natural resources, affordable electricity, and water supply make it an ideal investment destination. The state’s strategic location ensures cost-effective and seamless product transportation, benefiting businesses aiming for rapid expansion.
A Hub for Industrial and Startup Innovation
Madhya Pradesh is home to:
300+ industrial parks, offering sector-specific startup opportunities.
1,287 industrial training institutes and 1,373 colleges, producing a skilled workforce.
Premier institutions like IIT, IIM, and AIIMS, providing cutting-edge research and innovation support.
The government is actively promoting entrepreneurship and innovation among students, ensuring that early-stage startups receive the right guidance and funding to scale successfully.
Startups Driving Madhya Pradesh’s Economic Growth
With 4,900+ recognized startups, the state is witnessing rapid growth in IT, semiconductors, textiles, automobiles, and renewable energy. Specialized industrial parks are being developed to provide sector-specific infrastructure and support.
Madhya Pradesh aims to double the number of startups registered under Startup India and increase agritech and food startups by 200%. Currently, 72 incubators are operating across the state, ensuring sustained growth for product-based startups.
Financial Incentives and Special Support for Startups
Exclusive benefits for women, SC/ST entrepreneurs:
18% financial support (up to ₹18 lakh) on initial investment.
15% assistance (up to ₹15 lakh) for other startups.
Additional grants for startup events and incubation:
₹5 lakh per event (up to ₹20 lakh annually).
₹5 lakh one-time grant for incubator expansion.
Rental and operational cost support:
50% rental reimbursement (up to ₹5,000 per month) for three years.
Patent registration assistance of up to ₹5 lakh.
Global Exposure and Networking:
75% reimbursement for attending startup events (₹50,000 for domestic, ₹1.5 lakh for international events).
Government Support for Business Growth:
Exemption from licensing fees and logistics support.
Priority access to state-led startup funding programs.
GIS 2025: A Milestone for Madhya Pradesh’s Startup Revolution
The Global Investors Summit 2025 will provide unparalleled networking and investment opportunities for startups. CM Dr. Yadav reaffirmed that the government’s vision is to position Madhya Pradesh as India’s top startup hub, with continued policy-driven initiatives and investor-friendly reforms.
With strong government backing, a rapidly growing startup ecosystem, and international exposure through GIS 2025, Madhya Pradesh is set to become a national leader in innovation and entrepreneurship.
Author: This news is edited by: Abhishek Verma, (Editor, CANON TIMES)
Authentic news.
