Latest news with #HimanshuPrajapati
Time of India
a day ago
- Business
- Time of India
Adhesive, apparel makers submit investment intentions in Jetapur industrial area
Indore: An adhesive manufacturer and apparel makers submitted intentions to invest in Jetapur industrial area, according to Madhya Pradesh Industrial Development Corporation (MPIDC). The industrial zone spans over 200 hectare, with the industry department allotting land to approximately 25 companies. Currently, four industries are operational, while 15 others are in various stages of construction. These investments include a commitment of Rs 31 crore from the adhesives and construction solutions manufacturers and Rs 70 crore from the apparel makers for their operations in Jetapur. MPIDC executive director Himanshu Prajapati said, "The investments in Jetapur reflect our commitment to fostering industrial growth and creating job opportunities. With significant contributions from companies like Kashida and Sead Apparels, we are not only enhancing the industrial landscape but also empowering local communities, especially women, through employment." According to MPIDC, key players in the region are Kashida Apparels Private Limited, which currently employs over 800 women from 14 villages, with plans to expand that number to 1500 by next year. The company already invested Rs 108 crore into its operations. Another significant contributor, Sead Apparels Private Limited, part of the Pearl Global Group, is set to establish its unit in Jetapur, creating around 4000 jobs, 90 percent of which are expected to go to women. Additionally, SRF Altech Ltd also secured land in the area, committing to an investment of approximately Rs 600 crore. Prajapati recently reviewed the ongoing development initiatives at Jetapur, Nimrani, and surrounding areas. As construction progresses, MPIDC is also prioritising the initiation of drainage and other infrastructure improvements to prepare for the upcoming monsoon season, ensuring the industrial belt remains conducive for business operations.
Time of India
a day ago
- Business
- Time of India
216 hectare industrial area to be developed in Dhar
Indore: The Madhya Pradesh Industrial Development Corporation (MPIDC) has announced plans to create a new industrial area at Lalbaug Basvi in Dhar district, aiming to attract investment from multiproduct industries. The tender process for this significant project was completed, and development will commence on a sprawling 216 hectare, with an estimated investment of Rs 200 crore. Two major tyre companies have already expressed interest in establishing manufacturing units within this upcoming industrial zone, each requesting 200 acre of land to facilitate their operations. MPIDC executive director Himanshu Prajapati said, "Our goal is to create a modern industrial ecosystem in Lalbaug Basvi that not only brings in investment but also generates significant employment opportunities for the local population. We are committed to completing the development within this financial year." This new industrial zone is part of MPIDC's broader strategy to bolster industrial development not just in Lalbaug Basvi but also in other areas such as Tarapur and Maharaj Khedi in Khargone district. Prajapati said, "We are adding to the land bank and identifying areas with the govt's vision of promoting entrepreneurship and job creation in Madhya Pradesh." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo "The establishment of this new industrial area is expected to create numerous job opportunities and position Indore as a key player in the state's economic development," said Prajapati. The corporation is also planning to start bookings and site visits for the under-construction IT Park-4 in Pardeshipura soon. MPIDC initiated talks with local stakeholders, investors, and industries to engage with MPIDC as the corporation seeks to add new belts for diverse industrial activities, thereby fostering a sustainable economic environment.
Time of India
5 days ago
- Business
- Time of India
MPIDC plans to start bookings, site visit for IT Park 4 soon
Indore: The Madhya Pradesh Industrial Development Corporation (MPIDC) is gearing up to initiate bookings and site visits for under-construction IT Park-4 in Pardeshipura. This new facility is anticipated to generate approximately 1500 new jobs. In a bid to inform potential investors, MPIDC has planned to organise a camp dedicated to providing insights about the IT Park and facilitating site visits. The park, which is being developed at an estimated cost of Rs 42 crore, will be located within the Electronic Complex in Pardeshipura. MPIDC executive director Himanshu Prajapati said, "Our goal is to create a conducive environment for industries to thrive in Madhya Pradesh. The development of IT Park-4 and the Plug and Play Park will not only enhance employment opportunities but also establish our state as a hub for innovation and industrial growth." Prajapati on Wednesday toured key industrial areas including the Electronic Complex, Readymade Complex, and Namkeen Cluster to review the progress of ongoing projects, including the Plug and Play Park and IT Park-4. During his visit, Prajapati assessed the development of the multi-storey Plug and Play Park, a project valued at Rs 167 crore within the Readymade Garment Complex. This facility will be the state's first multi-storey garment park, comprising 184 production units, 94 sales offices, and 48 small shops. Prajapati also engaged with women working in the garment park, discussing work culture and the overall environment. At the Namkeen Cluster, manufacturers expressed the need for additional land for a new cluster and space for a testing lab in the existing setup. Namkeen Cluster Association president Vipin Jain highlighted the interest from new investors wanting to establish businesses in the area, alongside requests from existing units looking to expand. Jain also urged for enhancements including coverage of the wastewater recycling plant, installation of an RO water plant to provide filtered water for namkeen production, and improved street lighting on the access road to the cluster. In response, Prajapati assured manufacturers of the development of necessary facilities and instructed officials concerned to address the demands promptly.
Time of India
03-05-2025
- Business
- Time of India
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." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's The Average Price of Gutter Protection For 2,500 Sq Ft House LeafFilter Gutter Protection Get Quote Undo 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.
