MP state of India allotted 840 acres to 384 units in 17 months

17 Sep '21

1 min read

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India’s Madhya Pradesh (MP) state has allotted 840 acres to 384 industrial units in the past 17 months, with an estimated investment of ₹11,000 crore, according to state chief minister Shivraj Singh Chouhan. “With this, ₹11,000 crore capital investment will be made and 22,000 people will get employment," an official statement said quoting Chouhan.

The chief minister was addressing a function after laying the foundation stone of Gokuldas Exports Ltd, a readymade garments unit with an investment of ₹110 crore in Bhopal's Acharpura Industrial Area's Textile Park on September 13.

The proposed garments unit, to be built on 10 acres, will employ more than 4,000. More than three-fourths of the employees in the plant will be women.

"Despite the circumstances of the coronavirus crisis in the state, there has been an increase of 48 per cent in the number of industrial units, 32 per cent in land allocation, 33 per cent in capital investment and 38 per cent in employment generation in the state," Chouhan said.

Acharpura Industrial Area has been developed on a 146-hectare land. There are 154 plots in Textile Park, Acharpura, in which there is a potential for capital investment of ₹800 crore for setting up industries.

Fibre2Fashion News Desk (DS)

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