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Over 300 hectares designated by MPIDC to develop new industrial belts in Madhya Pradesh

Industrial Productx  -  Nov 30,2023  - 

Around 300 hectares of land in Dhar and Neemuch have been designated by the Madhya Pradesh Industrial Development Corporation (MPIDC) for the development of new industrial sectors.

This effort is primarily intended to extend industrial sectors outside of the heavily populated areas of Pithampur and Dewas.

According to estimates, the MPIDC has added 294 hectares of undeveloped land in the previous six months in response to the increasing demand from industries for undeveloped land in various villages in Dhar, Indore, and Neemuch.

MPIDC Indore executive director Rajesh Rathod said, “There has been a change in inclination and demand of industries in recent years. Industries are eyeing to make big investments in this region and demand large chunks of undeveloped land as they prefer developing it as per their own requirement and get policy benefits on raw land.”

MPIDC said they have proposals and enquiries from pharmaceutical, textile, plastic packaging and automobile among other industries.

Company : Madhya Pradesh Industrial Development Corporation (MPIDC)