The Madhya Pradesh Industrial Development Corporation (MPIDC) has released a request for expressions of interest and proposals for the future IT Parks 3 and 4 in Indore.
The state government wants to draw in capital from IT companies, MSME, chip manufacturing companies, and electronics system design manufacturing (ESDM) companies.
The industries department hopes to provide jobs for over 25,000 individuals.
The anticipated development cost of the proposed IT park at Electronic Complex, which is being constructed as an ESDM and IT hardware park, is Rs 38 crore. The infrastructural construction at the park has commenced. IT offices, testing labs, data centers, and ESDM units are anticipated to be housed there.
An official from MPIDC, wishing anonymity said “We have floated EoI for the upcoming IT Parks 3 and 4. The IT Park will give a fillip to the ESDM ecosystem in Central India and benefit many IT companies.”