Indore: Multiple sectors, including textiles, pharmaceuticals, food processing, and electronics, have expressed intentions to invest over Rs 9,000 crore in the upcoming Sector 7 industrial area and create approximately 10,205 job opportunities, boosting the local economy.
With around 20 industries stepping forward, the collective investment reached Rs 9,229 crore.
Himanshu Prajapati, executive director of the Madhya Pradesh Industrial Development Corporation (MPIDC), said, “This is one of the key projects in the state, and industries have been showing great interest in the project. So far, we received intentions of more than Rs 9,000 crore. These investment plans will create employment opportunities for many and will lift the economic landscape of this region.”
Among the major players, Sun Pharmaceutical Industries Ltd is at the forefront with a proposed investment of Rs 3,000 crore, aiming to establish a manufacturing unit for injectables and oral solid do-sage (OSD) forms. Asian Paints Ltd follows closely with plans to inject Rs 2,000 crore, while Pinnacle Mobility Solutions Pvt Ltd intends to invest Rs 500 crore to enhance mobility solutions. Additionally the Long Island Trading Company Pvt Ltd, focused on green steel production, has put forth a proposal of Rs 422 crore.
Motherson Sumi Wiring India Ltd is also looking to in-vest Rs 97 crore in food processing machinery manufacturing. with a promise of gene-rating 1,550 job opportunities.
To facilitate the development of this expansive industrial area, the industries department is procuring land from private owners across a
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vast area of over 2,232 hectares. Of this, approximately 1,351 hectares will be sourced from private landowners. Thus far, MPIDC pooled more than 400 hectares and is actively working to secure the consents of landowners.
As part of this initiative, 181 landowners have been al-lotted a total of 120 commercial plots and 3,615 residential plots, paving the way for future growth and investment in the region. “This significant influx of investment is not only expected to enhance the industrial capabilities of Indore but also to uplift the local economy by providing ample employment opportunities and establishing a robust industrial ecosystem. However, the state govt should also focus on handholding existing industries and creating a conducive working environment for them,” said Gautam Kothari, president, Pithampur Audhyogik Sangathan.
