Latest news with #MadhyaPradeshIndustrialDevelopmentCorporation
Time of India
2 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
3 days ago
- Business
- Time of India
1775-seat working women hostel in Pithampur soon
Indore: As a part of the recently approved working women hostels in industrial areas of Madhya Pradesh, a 1775-seat hostel is planned at Pithampur industrial area, one of the state's largest industrial areas, at an outlay of Rs 76.5 crore. The Union govt has also approved a special assistance loan of Rs 284 crore for this project. In addition to Pithampur, another hostel with 1,554 seats is planned in Vikram Udyogpuri industrial area of Ujjain, backed by a budget of Rs 66.4 crore. Rajesh Rathod, executive director of the Madhya Pradesh Industrial Development Corporation (MPIDC) said, "We are committed to providing a safe and supportive environment for working women in industrial areas. The facilities in Pithampur, Ujjain, Raisen, Bhind and other areas will be developed to ensure that women can work in these areas without worrying about their accommodation. Industrial areas having textile and garment industry are among the ones that will be immensely benefited because they have a maximum number of women employees. " The accommodation facility in Mandideep industrial area of Raisen district will have 776 seats, with an estimated cost of Rs 77.4 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Other projects include a 50-seat hostel in Jhabua at a cost of Rs 6.63 crore and 100-seat hostels in Singrauli, Dewas and Narmadapuram, with budgets of Rs 12.8 crore, Rs 10.3 crore and Rs 10.8 crore, respectively. Additionally, a 666-seat facility is planned for Malanpur industrial area in Bhind, with an outlay of Rs 23.16 crore. "We are planning to float the tenders for hostel construction soon. The approval from the centre has already come and construction work will start soon," said Rathod. Of the approved eight hostels, facilities at Pithampur, Ujjain, Raisen and Bhind will be developed by the Department of Industrial Policy and Investment, and the rest by the Women and Child Development Department in Jhabua, Singrauli, Dewas and Narmadapuram. The approval for the construction of working women hostels in industrial belts came in the special state cabinet meeting held at Indore's historic Rajwada Palace recently. To be built with central assistance under the 'Special assistance to states for capital investment 2024-25' scheme, the hostels will be equipped with modern amenities like parking, lifts, food courts and recreational spaces.
Time of India
14-05-2025
- Health
- Time of India
State govt urged to develop cluster for herbal & ayurvedic medicine makers
Indore: Ayush Nirmata Sangh has urged state govt to develop a cluster for herbal and ayurvedic medicine manufacturers amid growing demand from the sector following expanding footfall in domestic and international association of herbal and ayurvedic medicines and various product manufacturers said that around 100 units, of which close to 20 are interested in exports, proposed to invest an estimated more than Rs 150 crore. "The presence and operations of ayush manufacturers grew in the recent years with a major spike in demand seen during Covid times. The industry wants to expand operations and tap into new markets because demand for Indian herbs and extracts is everywhere and increasing. We have urged the govt to develop a dedicated space for our sector," Ayush Nirmata Sangh Indore president, Rajesh Sethiya, has around 200 ayurvedic medicine manufacturing units, and the total market size is estimated at more than Rs 1,000 crore, according to Ayush Nirmata Sangh. In 2020, manufacturers of ayurvedic medicines under the aegis of Ayush Nirmata Sangh were in talks with Madhya Pradesh Industrial Development Corporation (MPIDC) to develop plots, a common testing area, and a research laboratory in Mohana for the industry."The talks failed due to some operational issue and could not be materialised. This is a growing industry that needs handholding from the govt in terms of infrastructure and dedicated facilities for the industry to compete with rivals and expand operations," said Madhya Pradesh, more than 1,000 ayush manufacturers are registered with the state govt, said the association of herbal and ayurvedic product manufacturers.
Time of India
14-05-2025
- Business
- Time of India
CM flags off metro coach, hands over land for BEML unit in MP
Bhopal: CM Mohan Yadav on Wednesday hailed the strides made by Indian Railways under Prime Minister Narendra Modi's leadership, citing the rapid growth of indigenous manufacturing in the sector. From Metro to Vande Bharat trains, key components are now being produced within the country, he said, calling them shining examples of "Made in India". During his visit to the BEML workshop in Bengaluru, Yadav flagged off the 2,100th metro coach manufactured at the company's advanced rail coach facility and dedicated it to the nation. On the same occasion, he handed over a land allotment letter to BEML chairman and MD Shantanu Roy for a new rolling stock and metro coach manufacturing unit to be set up in Raisen district. Yadav said this was a moment of pride not just for Madhya Pradesh but for the entire nation. "The launch of the 2100th metro coach manufactured by BEML symbolises India's advanced manufacturing capabilities, engineering excellence, and the growing influence of indigenous technology," he CM termed the establishment of BEML's unit in Raisen as an "unprecedented" initiative. He said this would strengthen the industrial ecosystem of both the state and the nation, while also opening new opportunities for employment and enterprise for youth, MSMEs, and local communities. Setting up this metro and rail coach manufacturing unit in Raisen was a significant step toward inclusive and sustainable development in said the ties between Karnataka and MP would grow stronger, and new avenues for mutual development would be explored. Senior officials of the MP govt, managing director, Madhya Pradesh Industrial Development Corporation (MPIDC), Chandramauli Shukla and BEML were present. The state government has approved the allotment of 60.063 hectares of land for the proposed unit. This unit will manufacture rolling stock and metro coaches for major railway and urban transport projects, strengthening railway infrastructure across the state and other parts of the his gratitude to chief minister Yadav, BEML chairman Roy said BEML would fully live up to the expectations placed on it. "The expansion in Raisen will further energise and strengthen India's urban rail infrastructure ."
Time of India
12-05-2025
- Business
- Time of India
Solar, chemical industries propose investment in Ujjain
Indore: A industry and a chemical unit intend to invest in Ujjain, according to the Madhya Pradesh Industrial Development Corporation (MPIDC). These units have proposed to set up manufacturing facilities at the upcoming industrial area in Kachnariya village in Tarana tehsil in is developing a new industrial area in Kachnariya. Tired of too many ads? go ad free now The corporation procured the transfer of approximately 177 hectares in Kachnariya to facilitate the development of the industrial area. Rajesh Rathod, executive director of Madhya Pradesh Industrial Development Corporation (MPIDC) in Ujjain, said, "We are developing a new industrial area in Kachnariya on about 177 hectares. The infrastructure development and proximity to the airport recently attracted many investors to Ujjain. For Kachnariya, we received applications from two industries engaged in the manufacturing of solar equipment, and another is a chemical unit."The industries department is pinning hopes on textile, food processing, pharmaceuticals, packaging, and other sectors to attract investment in Ujjain. The industries department is adding to the land bank across Dhar, Maksi, Agar-Malwa, Neemuch, and other potential locations in the state to attract substantial investments from is looking to expand its water supply capacity in the industrial areas amid an increase in the number of industries in the region. The estimated additional demand for water is somewhere around 8-10 MLD. Recently, three food processing units and a textile firm submitted their intention to invest and set up plants in the Ujjain district. These four industries collectively proposed to invest close to Rs 2,963 crore and create 13,150 jobs.
