Indore: Indore emerged as the focal point of international investment dialogue as Dr. Mohan Yadav inaugurated the India–Latin America and Caribbean (LAC) Trade and Investment Forum 2026 in Indore. The event marked a major push to strengthen trade, technology exchange, and investment ties between India and LAC countries.
During the inaugural session, the Chief Minister also launched the digital platform and official website of the Madhya Pradesh (India)–LAC Trade & Investment Forum and unveiled the book The Business Tycoon, highlighting the state’s growing global economic outreach.
CM Highlights Madhya Pradesh as a Rising Global Investment Hub
CM Dr. Mohan Yadav emphasized that India, under the leadership of Prime Minister Narendra Modi, is rapidly emerging as a global economic powerhouse, with Madhya Pradesh playing a central role in this growth journey.
He invited international investors, diplomats, and business leaders to explore opportunities in the state, showcasing Madhya Pradesh’s strong industrial base, improved infrastructure, and investor-friendly policies.
Indore: Cleanest City and Emerging Economic Powerhouse
The Chief Minister described Indore as not only India’s cleanest city but also a major center of trade, taste, and industry.
He highlighted that while Bhopal serves as the political capital, Indore has become the economic backbone of Madhya Pradesh, with strong retail, food, manufacturing, and services ecosystems. Iconic destinations like 56 Dukan and Sarafa Bazaar were also mentioned as symbols of the city’s vibrant culture and commerce.
Rich Historical and Cultural Legacy of Malwa Region
Dr. Yadav underlined the historical importance of the Malwa region, referencing the legacy of Ahilyabai Holkar, who set a benchmark for good governance.
He also highlighted the contributions of ancient rulers such as Emperor Vikramaditya, Ashoka, and Raja Bhoj, noting that Malwa historically served as a key trade hub connected to global markets through the Silk Route.
Strong Trade Growth with LAC Region
The Chief Minister informed that Madhya Pradesh’s exports to Latin America and Caribbean countries reached approximately ₹3,835 crore in 2026, marking nearly 19% growth.
Key export sectors include:
- Pharmaceuticals
- Engineering goods
- Plastics
- Agricultural products
- Manufacturing items
He emphasized that Madhya Pradesh is becoming a reliable global supply chain partner, particularly for countries like Brazil and Mexico.
Industrial Strength: Pharma, Auto and Engineering Hub
Indore and Pithampur have emerged as major industrial centers, especially in pharmaceuticals, automotive manufacturing, and engineering.
Medicines manufactured in the state are already being exported to countries such as Brazil and Peru. The Pithampur industrial region is rapidly developing into a global manufacturing hub.
Rapid Growth in IT and Startup Ecosystem
Madhya Pradesh is also expanding its footprint in the IT and startup ecosystem, particularly in Indore, which is emerging as one of India’s fastest-growing tech hubs.
The state currently hosts over 6,000 startups, with more than 45% led by women entrepreneurs, reflecting strong inclusive growth in innovation and digital sectors.
Agriculture, Food Processing and Global Cooperation Opportunities
The Chief Minister highlighted Madhya Pradesh’s leadership in agriculture, particularly in soybean and wheat production.
He noted significant opportunities in:
- Food processing
- Agricultural technology collaboration
- Global agri-trade partnerships
Countries like Argentina and Guatemala were identified as potential cooperation partners in these sectors.
Renewable Energy and Mineral Wealth Driving Future Growth
Madhya Pradesh was described as a resource-rich state with vast mineral, biological, and energy reserves.
Key highlights include:
- Strong potential for green energy expansion
- Collaboration opportunities with Chile, Peru, and Venezuela
- Over 31,000 MW power capacity, with 30% from clean energy sources
Infrastructure and Industrial Corridors to Boost Investment
The state government announced major infrastructure advantages for investors:
- Over 1.25 lakh acres land bank
- 5 lakh+ km road network
- Strong rail and air connectivity
- Reliable water and power supply
Additionally, six new industrial corridors will be developed in the next five years across Malwa, Bundelkhand, Nimar, and Vindhya regions.
Safe and Stable Investment Destination
CM Dr. Yadav described Madhya Pradesh as one of India’s safest and most stable states for business, citing:
- Strong law and order
- Minimal labor disputes
- Pro-investor governance environment
He stated that investors who visit the state often develop long-term business associations with it.
Strong Global Engagement Through LAC Forum
The India–LAC Trade and Investment Forum 2026 facilitated B2B and B2G meetings between more than 50 Madhya Pradesh companies and international delegates.
According to Global India Business Forum founder Jitendra Joshi, the forum aims to strengthen Global South cooperation and deepen economic sovereignty through international partnerships.
Madhya Pradesh Positioned as Global Investment Destination
The forum concluded with a strong message from the state leadership that Madhya Pradesh is ready to become a trusted global hub for trade, innovation, manufacturing, and sustainable development.
With rising exports, expanding industrial corridors, and growing international partnerships, the state is positioning itself as a key driver in India’s global economic engagement strategy.
