Share This Article
Indore, Madhya Pradesh:
The Madhya Pradesh Industrial Development Corporation (MPIDC) has announced the development of a major new industrial area at Lalbaug Basvi in Dhar district, spanning 216 hectares, with an estimated investment of Rs 200 crore. The project aims to attract multi-product industries and generate large-scale employment in the region.
The tender process for the project has been completed, and construction work is expected to begin soon. The initiative has already sparked strong investor interest, with two major tyre manufacturing companies seeking 200 acres each to set up their production units within the new zone.
MPIDC Executive Director Himanshu Prajapati emphasized the project’s potential to transform the local economy. “Our goal is to create a modern industrial ecosystem in Lalbaug Basvi that not only brings in investment but also generates significant employment opportunities for the local population. We are committed to completing the development within this financial year,” he stated.
This industrial zone is part of MPIDC’s broader strategy to enhance industrial growth across the state. In addition to Lalbaug Basvi, the corporation is also identifying land for industrial development in Tarapur and Maharaj Khedi in Khargone district as part of a state-wide effort to promote entrepreneurship and job creation.
Furthermore, MPIDC is taking steps to promote Indore as a key industrial and economic hub. The corporation is set to launch bookings and site visits for the upcoming IT Park-4 in Pardeshipura, which is currently under construction.
To ensure the project’s success, MPIDC has initiated dialogues with local stakeholders, investors, and industrial players, aiming to build a diversified and sustainable industrial belt across Madhya Pradesh. The focus is not only on land development but also on long-term economic planning to boost the state’s industrial output and employment rate.
The upcoming industrial zone in Dhar is expected to play a pivotal role in Madhya Pradesh’s industrial roadmap, driving investment, boosting local economies, and solidifying the state’s status as a rising industrial powerhouse.