Indore, February 18 Industrial organizations in Madhya Pradesh said on Wednesday that the provisions made in the state budget will boost investment, infrastructure, and job creation.
Earlier in the day, State Finance Minister Jagdish Devda unveiled the state's budget for the financial year 2026-27 – likely the first rolling budget of the country – with an outlay of ₹4.38 lakh crore and a six-pronged development framework focusing on women, the poor, and farmers.
He announced that no new taxes have been levied.
Yogesh Mehta, the president of the Association of Industries Madhya Pradesh, said that a positive initiative has been taken to promote investment and industrialization through a budgetary provision of ₹5,957 crore.
The Association represents micro, small, and medium enterprises (MSMEs).
Mehta said that the development of 48 new industrial parks will accelerate investment.
He added that the budget emphasizes infrastructure expansion, skill development, and employment-oriented training programs, which will help the state develop into a major industrial hub in the country.
Dr Gautam Kothari, President of the Pithampur Industrial Association, said that the provisions made in the budgets unveiled by the Central and state governments, respectively, will make Pithampur a global manufacturing hub.
"The significant allocation for the Pithampur Economic Corridor, in particular, will open new doors to prosperity. This corridor will reduce freight costs by 12 to 15 per cent, making products manufactured in Pithampur factories more competitive in the global market," he added.
Kothari said that the budget provisions for the development of a FinTech City and data centers have opened the way for new investments of approximately ₹15,000 crore in these sectors.