Latest news with #RajeshRathod
Time of India
4 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
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.
Time of India
04-05-2025
- Business
- Time of India
Food processing, textile firms propose investments in Ujjain district
Indore: Three food processing units and a textile firm submitted their intention to invest to the Madhya Pradesh Industrial Development Corporation (MPIDC) for Ujjain district. Tired of too many ads? go ad free now These four industries collectively proposed to invest close to Rs 2,963 crore and create 13,150 jobs. Amitex Agro Product Pvt Ltd proposed to invest Rs 200 crore to set up a food processing unit at Lalukhedi, Agar Malwa. The company pledged to create around 800 jobs. Another food processing firm, Sanket Oils Pvt Ltd, intended to invest Rs 75 crore in the food oil processing sector at Mandsaur and create 650 jobs. Safal Food Pvt Ltd showed interest in setting up a pulses mill with an investment of Rs 138 crore at Mandsaur, generating job opportunities for 800 people. Jain Cord Industries Pvt Ltd pledged to invest Rs 2,500 crore in textile and apparel manufacturing at Basai, Mandsaur. The textile unit proposed to create 11,000 jobs. Rajesh Rathod, Executive Director, MPIDC, Indore, said, "Food processing and textile units have shown a lot of interest in setting up facilities in industrial belts in Ujjain. Proximity to Indore, the airport, dry port, and availability of land and workforce have attracted the interest of industries. We are expanding the industrial belts, looking at the growing interest of investors." On the occasion of the Agriculture Industry Conclave held on Sunday at Sitamau in Mandsaur district, Chief Minister Mohan Yadav laid the foundation stones and issued LOI to 11 industries proposing investments of more than Rs 3,800 crore. MPIDC is planning to develop phase 2 of the Jaggakhedi industrial belt on around 72 hectares to attract new investment. Tired of too many ads? go ad free now The corporation has taken up undeveloped land at Dhikola and Bhuki villages in Mandsaur district for developing phase 2 of the Jaggakhedi industrial area. According to the industries department, Mandsaur district received encouraging intentions to invest from industries in Gujarat and Rajasthan owing to its proximity to the border.
Time of India
25-04-2025
- Business
- Time of India
South Korean co to open cancer diagnosis kit unit in Ujjain, land allotted
Indore: Madhya Pradesh Industrial Development Corporation (MPIDC) allocated 15 acre of land to a South Korean firm to set up a state-of-the-art manufacturing unit for affordable cancer diagnosis kits at Medical Device Park in Ujjain. Tired of too many ads? go ad free now The project proposed by the South Korean company E-Fiber Group , backed by a foreign direct investment (FDI) of Rs 209 crore, aims to produce 50 lakh in-vitro diagnostic (IVD) kits and 1 crore related products each month. The group will work on the design, manufacturing, supply, and servicing of these diagnostic kits, which are critical for detecting cancer at its early stages. The innovative technology, which utilises urine samples, promises to offer a simple and convenient option for patients, facilitating early cancer detection. The products will incorporate advanced nano-fibre and cellulose-based biopolymers, known for their effectiveness in cancer prevention. MPIDC Ujjain executive director Rajesh Rathod said, "With FDI investment from E-Fiber Group in Ujjain's Medical Device Park, the industrial landscape of the state will transform. The project will accelerate economic growth and pave way for better healthcare services for millions of people, while also strengthening the state's self-reliance in crucial areas like healthcare and cancer diagnosis."
Time of India
21-04-2025
- Business
- Time of India
Neemuch to get industrial area in Chitakheda
Indore: Madhya Pradesh Industrial Development Corporation (MPIDC) is planning to develop a new industrial area in Chitakheda of Neemuch district to meet the rising demand for industrial space mostly from textile and garment companies looking to invest in the district, with several already commencing operations. In recent months, many textile and garment companies from Bhilwara, Rajasthan, have expressed intentions to invest in Neemuch district, with some establishments already operational in the area. Land for the proposed industrial area is secured and the development plan is being devised. Rajesh Rathod, executive director of MPIDC said, "Neemuch's industrial growth extends beyond textiles. The Jhanjharwada industrial area is fully occupied, with investments generating over 8,000 jobs. To meet the rising demand for industrial space, the govt is developing a new industrial area in Chitakheda." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Recently, two garment companies have proposed a combined investment of Rs 800 crore in Neemuch, marking a major boost for the local economy. The first phase of Swaraj Suitings Private Limited from Bhilwara was inaugurated by chief minister Mohan Yadav, featuring an initial investment of Rs 150 crore that will create approximately 750 direct jobs. The total cost of the project is estimated at Rs 450 crore and will be rolled out in multiple phases. In addition, Suvidhi Rayons Private Limited has initiated a project in Morvan, Jawad, with an investment of ₹350 crore, expected to generate around 2,000 direct jobs. Last year, Rs 3,000 crore investment was proposed in the cement sector of Sagarana in Neemuch. According to MPIDC, in financial year 2024-25, over 1070 units received land allotment letters, with more than 330 units having undergone foundation-laying or inauguration ceremonies. A Rs 5,262 crore financial assistance has been disbursed to industries.
