Tokyo: Madhya Pradesh is an ideal location for Toyota to establish facilities and invest in enhancing youth training in technical jobs, Chief Minister Mohan Yadav said on Tuesday, as the state made a high-octane pitch about its investor-friendly policies and availability of skilled manpower, inviting the Japanese carmaker to explore a slew of investment opportunities. Toyota's senior leadership, during a meeting with the Chief Minister, spotlighted the company's initiatives and operations in India and Madhya Pradesh and expressed intent to evaluate the potential of trade ties at the upcoming Global Investor Summit in the state.
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Yadav, who is on a four-day visit to Japan, held an interactive session with the delegation from Toyota Motor Corporation (counted among the world's biggest automakers) and discussed potential trade ties with Toshiyuki Nakahara, Department General Manager, Administration and Support Department, India and Middle East Division, and Masahiro Nogi, Project General Manager, Administration and Support Department, India and Middle East Division, Toyota Motor Corporation. In a post on X, Yadav said, "We explored the abundant opportunities Madhya Pradesh offers, including vast land, a skilled youth workforce, excellent infrastructure and a rapidly growing automobile sector. Madhya Pradesh stands as the ideal destination for Toyota to establish facilities and invest in enhancing youth training in technical jobs."
Madhya Pradesh Woos Toyota with Investment Opportunities, Strategic Advantages, and Skilled Workforce
During his meeting with Toyota senior leadership, Yadav said that Madhya Pradesh's central location in India offers a massive advantage to companies by allowing easy access to other markets, as he invited the automotive company to look at ample investment opportunities in the state. Large players like Volvo and Mahindra are already leveraging the benefits of setting up their facilities in Madhya Pradesh, and CM invited Toyota to do the same. The Chief Minister also highlighted the Pithampur Auto Cluster, which offers tremendous business prospects to companies. Toyota officials said Madhya Pradesh is an "important state", and the company is keen to work closely with the state government.
MP pitches Toyota investment, skilled workforce, infrastructure.
In the discussion, the company detailed its operations, stockyard presence, dealer network, and sales achievements, highlighting that the Toyota Technical Education Program aims to provide young people in the state with vital skills. Toyota conveyed its dedication to "develop alongside India." Emphasizing Madhya Pradesh's capabilities, Yadav encouraged Toyota to set up its operations in the state, pointing out the abundant land and a proficient, trained workforce available. He additionally mentioned that the state has 52 private and 17 public technology and engineering colleges, collectively generating about 50,000 skilled graduates each year, which makes it an excellent location for Toyota and advantageous for the state's progress.
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Madhya Pradesh is the second-largest manufacturer of trucks and buses and the third-largest manufacturer of cars. The state has excellent infrastructure and a supportive business plan that benefits automotive players in setting a base. MP is also a premier hub for commercial vehicles and farm equipment. Madhya Pradesh hosts manufacturing units of leading international OEMs, enabling direct exports to international markets, and the affordable land, low-cost skilled workforce, and robust domestic market make operations cost-effective. The state also boasts a strong policy framework with up to 40 per cent capital subsidy. MP exported automobiles and auto components worth USD 191 million in FY24 to 200-plus countries, offering players a competitive edge in integrating with global supply chains.
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