Coca-Cola has been identified by the Government of Madhya Pradesh to help drive the growth of the food processing sector in the state.
With a committed investment of Rs. 750 crore for a state of the art greenfield plant at Hoshangabad, the Company is moving ahead with its plans rapidly. The industrial area identified by Madhya Pradesh Audyogik Kendra Vikas Nigam (AKVN) will be developed, operated and maintained by Hindustan
AKVN is making external infrastructure like road, power and water available to the plots, where all industries are being set up. When commissioned, this factory will provide direct and indirect employment to more than 1,500 people.
For now engineers of Hindustan
Agriculture is the mainstate of the state economy. According to experts, Madhya Pradesh will need to see that the share of agriculture, currently around 45 per cent of the GSDP, goes below 30 per cent over the next few years.
In an article in Swarjyamag.com, Aashish Chandorkar, a management consultant based in Pune, argued that for Madhya Pradesh to be the breakout state of India, “the state should immediately focus on food-processing related industries.”
If Madhya Pradesh were to be an independent nation, its estimated gross state domestic product (GSDP) of $106 billion for 2016-17, would make it the 60th largest economy in the world. Despite this, it is primarily a one trick pony, depending on agriculture for employment and sustenance. The Madhya Pradesh Government has been courting manufacturing and service industries to ensure that per capita income of its people rises and there is sufficient employment generated.