Indore
MP Industrial Development Corporation (MPIDC) is preparing to take Indore to the next level in six sector. These six sectors of Indore will be promoted at the Global Investors Summit to be held in Bhopal.
MPIDC MD Rajesh Rathore said that preparations are being made to take the existing IT, Textile, Auto, Pharma, Logistics and Real Estate sector to the next level in Indore.
Indore is constantly developing, but the government is focused on developing it further. Recently, the Chief Minister had discussed with the high officials of the company about Toyota’s investment in Pithampur during his visit to Japan.
IT and Fintech Hub
Only the export of the IT sector of Indore is more than Rs 18,000 crore at this time.
Indore consists of more than 300 medium and small IT/BPO companies including TCS, Infosys, Yash, Infobins, Impatts, Taskus, Telemart.
More than 1,000 IT startups are also working in Indore.
The government aims to open its big center in Indore, big IT companies like Microsoft, Google, IBM.
Headquarters of large fintech companies should be set up at Indore.
Research and development companies of AI and machine learning should be brought to Indore.
The government is making IT Park-3 at a cost of Rs 501 crore and IT Park-4 at a cost of Rs 47 crore.
IT Park-3 will be completed by 3 December 2025, with 15,000 people employment.
IT Park-4 will be completed by 4 January 2026, with 4,000 people employment.
There is a preparation to develop IT and Fintech zones on 400 hectares of land near Indore city.
Textile and garment hub
Indore has 20 major companies like Pratibha Syntax, Maral Overseas, Kohinoor Elastic, Mahima, Bio-Spon.
More than 300 small companies are working in the readymade garment complex and other clusters.
The government is preparing to create garmenting clusters like Bengaluru and Coimbatore and textile manufacturing sectors like Bhilwara.
PM Mitra Park is being developed at a cost of Rs 1,575 crore, where investment of Rs 15,000 crore will come and 1 lakh people will get employment.
Plug and Play Park is being developed at a cost of Rs 167 crore, which will be completed by December 2026 and 12,000 people will get jobs here.
Pharma and Healthcare Hub
Indore has more than 50 pharmaceutical companies including Sipla, Moylan, Ajanta Pharma, Paar Pharma, Symbiotch.
Preparations are being made to build a medical devices park in Ujjain.
The government is planning to make Indore the center of bulk drug and API manufacturing.
During the Investor Summit held 2 years ago, former Chief Minister Shivraj Singh Chauhan announced that four pharma parks of 600-600 acres would be developed, in which 30-30 companies will be able to do business.
Efforts are being made to set up R&D companies on the lines of Hyderabad.
Real Estate and Infrastructure
Indore’s real estate and infrastructure market is the largest in the state.
Godrej Company has invested Rs 400 crore in early 2024.
Multi-storey startup parks and multi-story business parks are being built.
The government is preparing to develop large commercial complexes.
There are plans to build a cyber city on the lines of Bengaluru and Hyderabad.
Large infrastructure projects are being prepared on Indore’s Super Corridor and Economic Corridor.
Logistic hub
Indore’s logistic trade is more than Rs 100 crore per day.
The government is planning to create Central India’s largest logistic hub with railway terminal, container yard and cold storage.
Multi-model logistic park is being constructed at a cost of Rs 1,100 crore.
The work of Indore-Manmad railway line is going on at a fast pace, which is being monitored by PMO.
Automobile and EV Hub
Indore has more than 500 automobile companies including Volvo, Eicher, Force Motors, Pinnacle Mobility, New Holland, Mahindra & Mahindra, Cummins.
More than 3 lakh vehicles are made annually, including car, bus, trucks, two -wheelers and commercial vehicles.
The government aims to start big two -wheelers and four wheeler manufacturer companies in Indore.
EV vehicles and removable battery plants are planned to set up.
Toyota has been invited to set up a plant in Pithampur.
Work is being done on a plan to develop EV clusters.
Recently, a large automobile company has come to Pithampur with an investment of Rs 600 crore.