India's Madhya Pradesh state to create land bank to attract investment

10 Jul '21

1 min read

Pic: Shutterstock

Indore-based Madhya Pradesh Industrial Development Corporation (MPIDC) has identified around 7,000 hectares to create a land bank to attract investment from industries on developed and raw land. The industry department aims to offer land on locations suitable as per the industry type, availability of raw material, workforce and connectivity.

MPIDC executive director Rohan Saxena told a top English-language daily that MPIDC has recently observed a spike in demand for raw land from investors and has allotted undeveloped land to over a dozen industries in Ujjain, Mohana and Jetpura.

One leading garment manufacturing industry has recently taken a raw land in Ujjain, while another textile giant has also finalised a deal for an undeveloped land in Ujjain. Around 13 investors have taken up undeveloped land at Mohana and two at Ujjain.

Several big industrial houses have shown interest in taking up undeveloped land in Ujjain, Mohana, Jetpura and Chirakhan. Industries accepting raw land will have to make arrangements for the basic infrastructure like road, water and electricity at their own cost.

Fibre2Fashion News Desk (DS)

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