Madhya Pradesh Chief Minister Mohan Yadav announced that the state exported goods worth USD 92.8 million to Japan in the 2023-24 fiscal year, expressing optimism for further investments from Japan. Speaking at an interactive session on investment opportunities in Madhya Pradesh, held in Tokyo on Tuesday, he outlined the state’s strong trade ties with Japan and its growing potential for collaboration.
Underlining India’s economic progress, PM Modi’s leadership, and the spirit of global fraternity, CM Yadav said, “India is advancing toward a new economic future with the strength of its resources and the vision of world unity. Japan, with its deep connections to the legacy of Gautam Buddha, shares a longstanding bond with our country.” He also praised Japan’s resilience, especially its recovery from natural disasters, and highlighted the evolving trade relationship between Madhya Pradesh and Japan.
Discussing Madhya Pradesh’s exports to Japan, Yadav highlighted key products such as aluminum, organic chemicals, machinery, pharmaceutical products, and more. He pointed out that Madhya Pradesh’s goods exports to Japan had reached USD 92.8 million in 2023-24 and expressed hope for substantial Japanese investments in the state’s manufacturing sector and beyond.
Yadav also highlighted Madhya Pradesh’s remarkable growth, noting that the state’s economy has tripled in the past decade. “Our economy has grown threefold in nearly ten years, and we aim to double it in the next five,” he said. He shared that the state has increased its capital expenditure by 19% compared to previous years, reflecting growing progress. Over the last five years, Madhya Pradesh’s exports have reached 65,000 crores, and the state is continuing to implement favorable policies for investors.
In terms of investment, Yadav emphasized that the government is actively adapting its policies to cater to the needs of investors, ensuring a conducive environment for growth. He also discussed the state’s expanding industrial sectors, including food parks, IT parks, solar equipment parks, and more, noting that these special policies had attracted major investments in garment manufacturing, logistics, food processing, IT, and other industries.
The Chief Minister also mentioned that the upcoming Global Investors Summit, scheduled for February 24-25, 2025, in Bhopal, will be a significant event for forging new partnerships. He encouraged Japanese companies to collaborate with Madhya Pradesh in sectors like skill development, renewable energy, and tourism.
India’s Ambassador to Japan, Sibi George, praised Madhya Pradesh’s strategic location and rapid development under Chief Minister Yadav’s leadership. He highlighted the state’s growing potential in sectors such as renewable energy, agriculture, food processing, and tourism, stressing that Madhya Pradesh is a prime destination for Japanese investments, especially in electronics, automobiles, robotics, and healthcare.
Ambassador George also noted that Madhya Pradesh’s infrastructure, including its industrial clusters and special economic zones, offers significant advantages for businesses. The Pithampur Industrial Cluster, known as the “Detroit of India,” was cited as an example of the state’s manufacturing capabilities. Furthermore, the state is ranked among India’s top achievers in the Ease of Doing Business Index, with investor-friendly policies and a single-window clearance system.
Emphasizing the strong ties between India and Japan, Ambassador George remarked, “India and Japan share a deep-rooted partnership based on democracy, peace, and mutual respect. This year marks the 10th anniversary of the India-Japan Special Strategic and Global Partnership, signed by Prime Minister Modi and the late Prime Minister Shinzo Abe.” He invited all attendees to the Global Investors Summit in Bhopal and assured Japanese companies of Madhya Pradesh’s ongoing support in exploring the state’s dynamic opportunities.
The event concluded with a call to strengthen collaboration between Japan and Madhya Pradesh across various sectors, with the state offering a thriving consumer market, robust infrastructure, and a reform-driven government committed to industrial growth.
