Neemuch to get industrial area in Chitakheda
Indore: Madhya Pradesh Industrial Development Corporation (MPIDC) is planning to develop a new industrial area in Chitakheda of Neemuch district to meet the rising demand for industrial space mostly from textile and garment companies looking to invest in the district, with several already commencing operations.
In recent months, many textile and garment companies from Bhilwara, Rajasthan, have expressed intentions to invest in Neemuch district, with some establishments already operational in the area.
Land for the proposed industrial area is secured and the development plan is being devised.
Rajesh Rathod, executive director of MPIDC said, "Neemuch's industrial growth extends beyond textiles. The Jhanjharwada industrial area is fully occupied, with investments generating over 8,000 jobs. To meet the rising demand for industrial space, the govt is developing a new industrial area in Chitakheda."
by Taboola
by Taboola
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Recently, two garment companies have proposed a combined investment of Rs 800 crore in Neemuch, marking a major boost for the local economy. The first phase of Swaraj Suitings Private Limited from Bhilwara was inaugurated by chief minister Mohan Yadav, featuring an initial investment of Rs 150 crore that will create approximately 750 direct jobs. The total cost of the project is estimated at Rs 450 crore and will be rolled out in multiple phases.
In addition, Suvidhi Rayons Private Limited has initiated a project in Morvan, Jawad, with an investment of ₹350 crore, expected to generate around 2,000 direct jobs.
Last year, Rs 3,000 crore investment was proposed in the cement sector of Sagarana in Neemuch.
According to MPIDC, in financial year 2024-25, over 1070 units received land allotment letters, with more than 330 units having undergone foundation-laying or inauguration ceremonies. A Rs 5,262 crore financial assistance has been disbursed to industries.
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