MP Set to Emerge as Leading State in Chemicals and Petrochemicals Industry

Chief Minister Dr. Mohan Yadav said Madhya Pradesh is poised to become a leading global hub for chemicals and petrochemicals, offering significant investment opportunities in petrochemicals, fertilisers, speciality chemicals, and pharmaceuticals. Addressing the inaugural session of India Chem-2026 at the Bombay Exhibition Centre in Mumbai on Thursday, he assured investors of the state government's full support through a transparent, streamlined and industry-friendly investment system.

Chief Minister Dr. Yadav said Prime Minister Shri Narendra Modi has set a target of taking the turnover of businesses related to chemicals and fertilisers to USD 1 trillion by 2040. He invited domestic and international investors to explore Madhya Pradesh's industrial potential and participate in the Global Investors Summit-2027. The three-day India Chem-2026, themed “Advantage Bharat – An Emerging Global Chemicals Hub,” will continue until October 24.

Chief Minister Dr. Yadav said Bina is becoming a major centre for petrochemical industries. Prime Minister Shri Narendra Modi has performed the Bhoomi Poojan for a downstream petrochemical unit in Bina, Sagar district, at an investment of approximately ₹50,000 crore. The unit is expected to produce over 2.2 million tonnes of petrochemical products annually.

Bharat Petroleum Corporation Limited's ethylene cracker and refinery expansion project, involving approximately ₹49,000 crore, will further strengthen petrochemical-based industries in Central India. Chief Minister Dr. Yadav urged companies such as Indian Oil, Reliance and Haldia Petrochemicals to explore polymer processing and distribution opportunities around Bina. He also highlighted the modern plastic parks at Tamot in Raisen district, spread across 121 acres, and Bilaua in Gwalior, spread across 93 acres. These facilities will support polymer processing and MSME growth. The PM MITRA Textile Park in Dhar is expected to create opportunities for textiles, polymers, chemicals and allied industries.

Chief Minister Dr. Yadav, highlighting opportunities in gas-based industries, cited GAIL’s gas-processing facilities and green hydrogen plant at Vijaypur, GAIL India’s petrochemical project at Ashta in Sehore district, Grasim Industries’ industrial complex at Nagda and the proposed petrochemical project at Dewas.

Chief Minister Dr. Yadav invited agrochemical companies such as UPL, PI Industries, Dhanuka and Syngenta to consider Madhya Pradesh as a manufacturing destination. He also encouraged Deepak Nitrite, Aarti Industries and global companies such as BASF, Dow, Arkema, LANXESS and Mitsubishi Chemical to explore opportunities in speciality chemicals and future industrial expansion. The Chief Minister said Madhya Pradesh’s strategic location, surplus power, adequate water resources, industrial land bank, plug-and-play infrastructure; extensive road network, airports, inland container depots and skilled workforce make it an attractive investment destination.

The state has received investment proposals worth more than ₹34 lakh crore over the past nearly three years, with proposals worth over ₹12 lakh crore moving towards implementation. Chief Minister Dr. Yadav said that this progress reflects the state's transparent policies and investor-friendly environment. He added that India exports petrochemical and organic products to more than 170 countries, while chemical and petrochemical production has grown by approximately 25% over the past 12 years. He emphasised that global supply-chain disruptions present opportunities for investment and expansion in the sector.

Union Minister for Health and Family Welfare and Chemicals and Fertilisers Shri Jagat Prakash Nadda said India's petrochemical industry is currently valued at USD 220 billion, with a target of reaching USD 1 trillion by 2040. Under the vision of Viksit Bharat 2047, India's chemical and petrochemical industries are projected to exceed USD 1.6 trillion in value. Shri Nadda said the Union Government would provide ₹1,000 crore for each major chemical park under the proposed scheme to promote petrochemical and ancillary industries. The Centre would also facilitate the environmental clearances required for developing world-class chemical parks. He further highlighted the provision of a ₹1 lakh crore fund to encourage research and development in advanced petrochemical and chemical industries. He stressed the importance of sustainable manufacturing, reduced carbon emissions, employee training and industrial safety.

The inaugural session was also addressed by Union Minister of State for Health and Family Welfare and Chemicals and Fertilisers Smt. Anupriya Patel; Maharashtra Chief Minister Shri Devendra Fadnavis; Odisha Chief Minister Shri Mohan Charan Majhi; Gujarat Minister of State Shri Praful Chhaganbhai Pansheriya; and Union Chemicals and Fertilisers Secretary Shri Tejveer Singh. Shri Nadda also read out a special message from Prime Minister Shri Narendra Modi.

Chief Minister Dr. Yadav held one-on-one meetings with industry leaders to explore investment opportunities in textiles, higher education, artificial intelligence, chemicals, fertilisers and pharmaceuticals. He invited them to establish new units and expand existing operations in Madhya Pradesh, assuring them of support through the state's investment-promotion policies. He invited companies to establish new units and expand existing operations in Madhya Pradesh, assuring them of the state government's support through industry-friendly policies and investment facilitation. He also invited the investors to the Global Investors Summit scheduled for January 2027.

Chief Minister Dr. Mohan Yadav held discussions with industry leaders on investment proposals across key sectors. In a meeting with Shri Rameshchandra Tejraj Jain, Chairman and Managing Director of Bhilos Industries, discussions focused on proposed projects at the PM MITRA Park in Dhar and the Bhaisolа industrial area. The projects envisage an investment of approximately ₹7,500 crore and around 3,750 jobs, with opportunities in textile manufacturing, polyester yarn, fibre-based industries and ancillary units.

Chief Minister Dr. Yadav met Dr. Amit Singhal, founder of Sitare University, to discuss a proposed residential university campus specialising in artificial intelligence and computer science on approximately 40 acres near Dewas.

In a meeting with Shri Punit Gopikishan Makharia, Chairman and Managing Director of Madhya Bharat Phosphate Private Limited, discussions covered a proposed integrated fertiliser project worth approximately ₹350 crore at Meghnagar and a new unit in eastern Madhya Pradesh involving a proposed investment of around ₹700 crore. Land availability, transport connectivity and industrial infrastructure were also discussed.

During a meeting with Shri K. R. Gupta, representative of Lupin Limited, the Chief Minister discussed the company's proposed additional investment of approximately ₹350 crore, land availability for a bulk drug project and opportunities to expand pharmaceutical manufacturing in the state.

Chief Minister Dr. Yadav invited the companies to invest in Madhya Pradesh, emphasising the state government's commitment to facilitating industrial expansion through investment-friendly policies, infrastructure and support tailored to industry requirements.

Chief Minister Dr. Yadav inaugurated an exhibition showcasing Madhya Pradesh's industrial capabilities, investment opportunities and new industrial policies at India Chem-2026. Organised by the Madhya Pradesh Industrial Development Corporation (MPIDC), the exhibition attracted interest from participating industry representatives, who were briefed by state officials on investment opportunities and industrial infrastructure.

Chief Minister Dr. Yadav congratulated the Union Government and FICCI on organising the 14th edition of India Chem-2026, expressing confidence that the event would generate new partnerships and investment proposals to accelerate industrial growth in Madhya Pradesh.