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In a huge breakthrough for Madhya Pradesh, two agricultural companies have purchased property in the Hoshangabad district, with plans to invest a total of nearly Rs 680 crore. This project seeks to construct a starch production and food processing business, boosting the state’s industrial environment.
An Andhra Pradesh-based starch factory has purchased 110 acres in the Mohasa Babai industrial region, around 93 kilometers from the state capital. According to the Madhya Pradesh Industrial Development Corporation (MPIDC), the business plans to invest Rs 670 crore and employ around 335 people. This considerable investment is expected to greatly strengthen the local economy and provide new job possibilities.
Furthermore, another agro-industry based in Raipur has suggested establishing a processing plant on 2 acres of land in the same industrial area for a Rs 10 crore investment. Along with this, a Bhopal-based beverage maker has invested in the Mohasa Babai industrial area, with plans to build a facility on one acre for Rs 5 crore. MPIDC estimates that this beverage firm will employ 20 individuals.
A top MPIDC officer, who asked to remain nameless, confirmed the investments. “Three businesses, including agricultural enterprises and a beverage maker, have recently made investments in the state. These three firms have taken up industrial land at Mohasa Babai and have proposed an investment of around Rs 685 crore in the state, according to the official.
The state’s plan to attract investments has also included promoting industrial sites like Bhopal, Gwalior, Jabalpur, and the state’s eastern region to potential investors. Despite Indore and its surrounding areas being the top choice for companies, limited land availability has changed the state government’s emphasis to other industrial corridors to attract investment.
These investments represent a big stride forward in Madhya Pradesh’s industrial development, with potential economic growth and employment creation for the area. The state’s attempts to diversify its economic base and attract significant investments are projected to succeed, bringing wealth and growth to the region.