Bare Act

The Madhya Pradesh Udyogon ki Sthapna Evam Parichalan ka Saralikaran Adhiniyam, 2023

This legislation simplifies the process of setting up and operating industrial units within notified areas of Madhya Pradesh. It applies to entrepreneurs and businesses establishing manufacturing, processing, or service enterprises in designated zones across the state. Under the law, investors submitting an intention to invest receive an acknowledgment certificate that functions as a provisional regulatory approval valid for up to three years. During this period, state authorities are barred from conducting routine compliance inspections under specified state laws. This law matters because it significantly reduces bureaucratic delays, cuts red tape, and creates a business-friendly environment to boost industrial growth and investment.

PDF: pending for this language.