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.
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% 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”. Perhaps this rationale made Hindustan Coca-Cola announce its intention to invest Rs. 750 crore in a state-of-the-art Greenfield factory in Hoshangabad in the industrial area identified by Madhya Pradesh Audyogik Kendra Vikas Nigam (AKVN). As per norms of development outlined by government, this area will be developed, operated and maintained by Hindustan Coca-Cola for a period of 15 years. 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 and will help catalyse the growth of the food processing industry in India.
For now engineers of Hindustan Coca-Cola and its partner agencies are busy designing the layout and operational details for the factory to be built. They are also planning for those extra resources that will ensure that the factory will a “zero discharge unit” in keeping with the guidelines of the state government. More power to Madhya Pradesh!