Textile co from Ludhiana to invest Rs 2,500 cr in Basai industrial area in Mandsaur
"We have allotted 25 hectare to a Ludhianvi based textile company.
The company will set up an advanced integrated unit for the textile industry by investing Rs 2,500 crore," said Rajesh Rathod, executive director of Madhya Pradesh Industrial Development Corporation (MPIDC), Ujjain region.
The Basai industrial area will be developed on 178.83 hectares at a cost of around Rs 89 crore. The park is expected to attract investments exceeding Rs 5,000 crore and create approximately 8,000 jobs, according to MPIDC.
Mandsaur and Neemuch districts in the state have attracted many enquiries from textile units of Punjab and Rajasthan in the past a few months.
"A few garment industries have also conducted site visit and enquired about the availability of land in Basai. Apart from this, ethanol and food industries have also showed interest in this land parcels but allotments have not happened," said Rathod.
Development work at the Basai industrial park is expected to start in the second quarter of the fiscal, according to the industries department.
Another industrial area in the Ujjain division is coming up in Chitakheda in Neemuch district. It is going to be a multi-product industrial area.
Industrialists and industry associations from Mandsaur emphasised that the govt should work on providing essential infrastructure at industrial areas like transport services to industrial areas, uninterrupted water and electricity supply, and police chowki in industrial belts in existing industrial areas in Mandsaur district.
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