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At 66k cr, MP's exports up 6%; rank rises from 15 to 11

At 66k cr, MP's exports up 6%; rank rises from 15 to 11

Time of India6 days ago
Bhopal: Madhya Pradesh has achieved its highest-ever export worth Rs 66,218 crore in the financial year 2024-25, improving its national export ranking. The 6% growth in exports is mainly due to increased exports in pharmaceuticals, engineering goods and soy-based products.
According to the latest report by the Federation of Indian Export Organisations (FIEO), merchandise exports contributed Rs 62,180 crore, while IT companies operating in special economic zones (SEZs) contributed Rs 4,038 crore to the state's export portfolio. Due to economic growth in these sectors, Madhya Pradesh's national export ranking improved from 15th to 11th.
The report highlights that the state improved its global market position in exports due to growth in pharmaceuticals, engineering goods, and soy-based agricultural products.
The Investment-friendly industrial development policies, expanding industrial base, and improved export-oriented infrastructure have been listed as key drivers of growth. Additionally, the growing interest of international markets in Madhya Pradesh also played a significant role.
Last year, the top five export sectors from Madhya Pradesh were pharmaceuticals, animal feed, machinery, aluminum, and textiles.
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The major export markets include Bangladesh, France, UAE, and the Netherlands, while the United States remains the largest market for the state's pharmaceutical and machinery exports.
In 2024–25, Madhya Pradesh exported Rs 11,968 crore of pharmaceuticals, Rs 6,062 crore of animal feed, Rs 4,795 crore of aluminum, Rs 4,656 crore of textiles, Rs 5,497 crore of machinery.
Dhar district ranked first in exports with Rs 17,830 crore, followed by Indore with Rs 13,500 crore, focusing on pharmaceutical, automation, and food processing sectors. Ujjain also broke its previous record with exports of Rs 2,288 crore, comprising industrial, agriculture-based, and processed food products
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