MPIDC plans to offer 1,800 acre land in Indore region to attract investments
MPIDC intends to showcase and attract investments on land parcels in newly developed areas, including PM Mega Integrated Textile and Apparel Park (Mitra) in Dhar, IT Park 4 in Indore, Mohana phase 2 in Indore, and Tilgara in Dhar.
MPIDC executive director Himanshu Prajapati said, "We have developed prominent industrial areas in Indore region, and we are optimistic about attracting substantial investment based on their prime locations and the interest we've received from various industries.
We are planning to start land allocations in ongoing second quarter of the fiscal."
A significant portion of land, approximately 1,550 acre, will be allocated in the PM Mitra, one of seven textile parks being developed nationwide under a central govt scheme aimed at boosting textile manufacturing. The first phase of the PM Mitra Park in Dhar district will cover 2,158 acre, with an estimated investment of over Rs 2,050 crore.
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"PM Mitra is a major industrial area which has come up in this belt. It features state-of-the-art facilities, including residential areas, healthcare, and logistics support. We anticipate attracting around Rs 15,000 crore in investments, resulting in approximately 100,000 job opportunities," Prajapati said.
Additionally, MPIDC plans to allocate 230 acre in Tilgara for diverse sectors, including MSMEs, with a projected investment of around Rs 1,500 crore, while Mohana phase 2 will see about 20 acre made available for various industries.
IT Park 4 is also set to offer 75,000 square feet dedicated to IT and ITES companies.
"We have already held a few rounds of talks with IT companies and incorporated their suggestions. The initial expression of interest from them indicates around Rs 150 crore investment and employment opportunities for around 1,500 people," said Prajapati.
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