The state has a well-built infrastructure that has attracted investments in various sectors. The emergence of industrial goods among the top export items is an indication of the rise of the industrial sector in Madhya Pradesh.
Although merchandise export from Madhya Pradesh reached US$ 5.32 billion in FY20, it is still an area where the State has significant scope for improvement. While the responsibility for promotion of exports has largely been undertaken by the central Government so far, it is increasingly felt that the states have to play an equally important role in this endeavour. The role of the State Government is critical from the point of view of boosting production of exportable surplus, providing the infrastructural facilities such as land, power, water, roads, connectivity, pollution control measures and a conductive regulatory environment for production of goods and services. It is, therefore, felt that coordinated efforts by the State Governments in cooperation with the Central Government are necessary for exports promotion.
Madhya Pradesh has huge potential to double its share in the country's total exports in the next five years. It has therefore become critical for Madhya Pradesh to contribute effectively to increase exports from the current level of 1.6% to 3.0% in next 5 years. This would propel exports from the State to reach the US$ approximately US$ 11 billion by 2025.
Hon’ble Prime Minister of India, gave a clarion call on the eve of Independence Day, 2019, to transform every district of India into an export hub. Prime Minister’s office also requested states to develop a state-specific export strategy.
In order to implement the vision of the Prime Minister of India, a State level Export Promotion Committee (SLEPC) headed by the Chief Secretary has been constituted and Export Commissioner of Madhya Pradesh was appointed as the convener of SLEPC to draw appropriate export action plan for the State.
Also, International Trade Intelligence & Export Facilitation Centre has been developed to provide knowledge to exporters and bring impact.