MP Eyes Global Hub Status for Chemicals and Petrochemicals; CM Invites Investors for GIS 2027
CM Mohan Yadav invites global investors to Madhya Pradesh for the chemicals sector and the upcoming Global Investors Summit 2027.
Madhya Pradesh is positioning itself to become a premier global destination for the chemicals and petrochemicals industry. Speaking at the inaugural session of the 14th biennial INDIA CHEM 2026 in Mumbai, Chief Minister Mohan Yadav highlighted the state's readiness to attract massive investments in the allied sectors, citing robust infrastructure and investor-friendly policies.
A Vision for Global Leadership
Chief Minister Mohan Yadav emphasized that Madhya Pradesh is poised to lead in the production of petrochemicals, fertilizers, specialty chemicals, and pharmaceuticals. He assured potential partners that the state government is committed to providing a transparent, streamlined, and industry-friendly environment to facilitate seamless investment.
The Chief Minister linked the state's ambitions to a larger national goal, noting that Prime Minister Narendra Modi has set a target to push the turnover of chemical and fertilizer-related businesses to USD 1 trillion by 2040. To reach this milestone, state governments are coordinating closely with the Central government while fostering healthy competition to drive growth.
Bina: The Emerging Petrochemical Powerhouse
A key highlight of the state's industrial strategy is the development of Bina in the Sagar district. The Chief Minister pointed out that Bina is rapidly evolving into a major center for petrochemical industries. A significant milestone was the Bhoomi Poojan performed by PM Modi for a downstream petrochemical unit in Bina, involving an investment of approximately Rs 50,000 crore. This facility is projected to produce over 22 lakh tonnes of petrochemical products every year.
Encouraging further expansion, CM Yadav urged oil companies to explore the possibility of establishing polymer processing and distribution facilities in the vicinity of Bina to maximize the region's potential.
Infrastructure for MSMEs and Industry
To support the growth of Medium, Small, and Micro Enterprises (MSMEs) and polymer processing, the state has developed dedicated plastic parks:
- Tamot (Raisen district): Spanning 121 acres.
- Bilaua (Gwalior district): Spanning 93 acres.
Furthermore, the PM MITRA textile park located in the Dhar district is expected to open new doors for the textile, polymer, and chemical industries, creating a synergistic ecosystem for allied sectors.
Investment Momentum and GIS 2027
The Chief Minister shared impressive figures regarding the state's investment trajectory, revealing that Madhya Pradesh has received investment proposals exceeding Rs 34 lakh crore over nearly three years. Out of these, proposals worth approximately Rs 12 lakh crore have already progressed toward on-ground implementation.
In a bid to further accelerate this growth, CM Yadav held one-to-one meetings with representatives from various sectors, including artificial intelligence, higher education, pharmaceuticals, and textiles. He extended a formal invitation to domestic and international investors to explore the state's industrial potential and participate in the Global Investors Summit (GIS) scheduled for January 2027.
"Madhya Pradesh offers numerous opportunities for the manufacturing of petrochemicals, petro-polymers, fertilisers, various chemicals and pharmaceuticals. We have established a very simple, streamlined and transparent system to facilitate investment in the state," said CM Mohan Yadav.