Important Agencies of Industrial Department of Madhya Pradesh

Madhya Pradesh Industrial Development Corporation – It was established in 1965 in Bhopal. in 16 October 1987 it was registered as a company under Company Act 1956. It is the State’s leading Industrial Agency run by the government.
Madhya Pradesh Laghu Udyog Nigam Limited – It was established on December 28 1961 in Bhopal. Its primary responsibility is to ensure the supply of raw material to the small units of state; moreover it also helps the Handicrafts and the waivers of state. Its centres are in Indore Jabalpur Gwalior and Bhopal(H.Q.).
Madhya Pradesh Finance Corporation – Madhya Pradesh Finance Corporation was established to help and manage the industries of Government and private sector. Its headquarter is in Indore.
Madhya Pradesh Handicrafts development corporation – It was established in 1981 its headquarter is in Bhopal. Its primary responsibility is to assist and promote the Handicrafts man and their products.In 1999 it was renamed as Madhya Pradesh Handicrafts and Development Corporation and was further renamed in 2013 as Sant Ravidas Madhya Pradesh Hastashilp evam Hatkargha Vikas Nigam.
Madhya Pradesh Khadi evam gramodyog board – Madhya Pradesh government has established the board to promote the Khadi industry in the state, its headquarter is in Bhopal.
Madhya Pradesh trade and Investment facilitation Corporation Limited – This corporation was established under Madhya Pradesh export Corporation Limited, its main purpose is to to attract foreign capital in the domestic industrial market moreover to attract the non-residential Indians’s ( aapravasi) investment in the state.
Madhya Pradesh Export Corporation Limited – It was established to promote export from the state in 1977. Its headquarter is in Bhopal.It primarily provides training to promote business activities and export in the state.
Madhya Pradesh State Industrial Corporation – It was established in 1961 in Bhopal, its primary responsibility is to promote the Co-operative industries in the state.
Madhya Pradesh Textile Corporation – It was established in 1970 in Indore, to promote the cotton textile industry in Madhya Pradesh.
Madhya Pradesh state Textile Corporation – It was established in 1966 – 67, to promote the handicraft industry in Madhya Pradesh.
Mrignayani Emporium – Mrignayani Emporium are working under, Madhya Pradesh Laghu Udyog Vikas Nigam Limited, These emporiums are primarily government’s outlets for various different handicrafts and other indigenously developed the products such as Chanderi sarees, Maheshwar sarees, kosa sarees, handmade ornaments, other dresses etc. There are various showrooms of Mrignayani (Total 12) – Bhopal, Gwalior, Indore, Jabalpur, Rewa, Udaipur, Jaipur, Kolkata, Delhi, Nagpur, Durg, Raipur.

Classification of districts of Madhya Pradesh on the basis of industrial development

The districts of Madhya Pradesh are classified in two categories in terms of industrial development – developed districts and underdeveloped districts.The developed districts are six while the underdeveloped districts are categorised in three categories – A,B,C.

Developed districts – Bhopal, Jabalpur, Katni, Gwalior, Indore, Ujjain

Underdeveloped districts

Category A – Sheopur, Shahdol, Harda, Umriya, Neemuch, Satna, Vidisha, Ratlam, Morena, Mandsaur, Khandwa, Hoshangabad, Dewas.

Category B – Damoh,Ashok Nagar, Guna, Sagar, Seoni, Narsinghpur, Chhindwara, Balaghat, Sehore, Betul.

Category C – Badwani, Shivpuri, Shajapur, Rajgarh, Raisen, Mandala, Khargon, Jhabua, alirajpur, Dhaar, Tikamgarh, Chhatarpur, Panna Sidhi, Rewa.

Industrial Development Centres

The concept of industrial development was first initiated in 1993, by the state government, to promote industries in Madhya Pradesh, in which initially 26 industrial development centres were established. At present the state has a total 33 industrial development centres, out of these six are recognised by the central government.(27 & 6 ).