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Madhya Pradesh, India Establishes Land Bank to Attract Investment – News


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The Indore-based Madhya Pradesh Industrial Development Corporation (MPIDC) has set up a land bank to identify approximately 7,000 hectares and attract industry investment in the developed raw land. The industrial sector aims to provide land in the right places according to the type of industry, availability of raw materials, workforce and connectivity.

Rohan Saxena, Executive Director of MPIDC, said MPIDC recently observed a surge in demand for undeveloped land from investors and allocated undeveloped land to more than 12 industries in Ujain, Mohana and Jetpla. Speaked in English.

One major garment manufacturer recently acquired Ujain’s unprocessed land, and another textile giant also closed Ujain’s undeveloped land. About 13 investors used undeveloped land in Mohana and two used undeveloped land in Ujain.

Some large industrial parks have shown interest in occupying undeveloped land in Ujain, Mohana, Jetpra and Chiakkan. Industries that accept raw land will have to arrange basic infrastructure such as roads, water and electricity at their own expense.

Fiber2Fashion News Desk (DS)

The Indore-based Madhya Pradesh Industrial Development Corporation (MPIDC) has set up a land bank to identify approximately 7,000 hectares and attract industry investment in the developed raw land. The industrial sector aims to provide land in the right places according to the type of industry, availability of raw materials, workforce and connectivity.

Madhya Pradesh, India Establishes Land Bank to Attract Investment

Source link Madhya Pradesh, India Establishes Land Bank to Attract Investment



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