4 textile businesses are planning to spend billions of rupees in Madhya Pradesh
30th November 2021, Mumbai:
Four textile companies have proposed investing roughly Rs. 400 crore in and around Madhya Pradesh's Neemuch area. According to sources, the Madhya Pradesh Industrial Development Corporation (MPIDC) has allocated land to these enterprises in the Neemuch district's Sarwaniya, Bamanwardi, and Morvan villages.
"Many firms have spotted land in the Neemuch region," said Rohan Saxena, ED, MPIDC, Indore, according to a prominent daily. "Recently, we have granted land to roughly six enterprises in various portions of Neemuch." In Neemuch, these units will build textile and biofuel factories." So yet, no company names have been revealed. In the Neemuch and Mandsaur regions, various homegrown enterprises and investors from Southern India have planned to put up integrated textile facilities and ethanol plants.
"Various big textile players are in negotiations with the industry department about taking up property in this region, and have viewed some locations," he added. In Neemuch, MPIDC has land banks of almost 100 hectares and is adding more Government land to lure enterprises to take up developed or undeveloped land.
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