3 days ago
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.
