Bhopal, Jan 21 (Agencies): After the announcement of the State's industrial policy in November, Madhya Pradesh Government is now focusing on developement of infrastructure required, especially for setting up drug, herbal and bio-technology industries in the state.

"The State Government has already unveiled its new Industrial Promotion Policy-2010 with an objective to ensure faster economic development and employment generation by sustainable use of resources available in the state," Madhya Pradesh Industry Minister Kailash Vijaywargiya said.

"We have focused on developing drug (chemical and herbal), and bio-technology in the state," he said.
 For promoting the drug sector, especially herbal, the new policy focuses on creating an integrated infrastructure in the areas having good prospects for development of herbal and ayurvedic products based industries.
"Herbal parks and demonstration centres would also be developed in these areas for the promotion of such industries," the Minister said.

Referring to the bio-technology sector, he said under the new policy, several concessions in addition to those given to normal industries would be given.

Additional facilities include 50 per cent concession in land premium to be provided to the units employing over 500 persons on regular basis.

On the issue of MOUs worth over Rs 2.5 lakh crore inked during last year's Khajuraho summit, he said that a committee headed by chief secretary is continuously evaluating their progress