Major investments from auto, cement cos on cards
Indore: An
auto component manufacturer
and a cement industry have announced a collective investment of Rs 270 crore to establish manufacturing units in the region. The
Madhya Pradesh Industrial Development Corporation
(MPIDC) has allocated land for these industries in the Indore region.
Sagar Cements Ltd
plans to invest Rs 250 crore in the Karondia area of Kasrawad tehsil in Khargone district, while
Gayatri Auto Industries
is set to establish operations at Hatod in Indore district.
The investments are expected to enhance the local industrial ecosystem and create numerous job opportunities for residents, said officials.
Himanshu Prajapati, executive director of MPIDC, said, "We are pleased to facilitate the establishment of these industries in the Indore region. The collective investment of Rs 270 crore will not only strengthen the existing industrial framework but will also bring immense employment opportunities for the local population. We remain committed to fostering a conducive environment for investors to thrive."
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The Indore region stands out as a favoured choice for investors, supported by a robust infrastructure comprising efficient air, rail, and road connectivity, as well as proximity to the dry port, said officials.
To further attract investments and promote growth, MPIDC is expanding its land bank and rolling out phase 2 projects in several industrial areas, including Jaggakhedi, Vikram Udyogpuri, and Maksi.
Additionally, MPIDC is in the process of launching an e-office at its regional office in Indore within the next month, aimed at streamlining the approval and sanctioning processes, ensuring swift execution of new projects.
With these strategic investments and initiatives, Indore is poised to enhance its industrial capacity and contribute to the economic growth of the region.
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