MPIDC, Indore: Receives demand for land from textile cos to set up facilities
26 February 2022, Mumbai:
Madhya Pradesh Industrial Development Corporation (MPIDC) has received demand for around 800 acre from textile companies to set up facilities in Indore region.
One existing textile unit having presence in Pithampur and three new players into integrated textile business have seen land and have submitted proposals for around 800 acre from MPIDC.
Rohan Saxena, executive director Madhya Pradesh Industrial Development Corporation (MPIDC), Indore said, “Textile companies have shown encouraging response in the region to set up facilities.
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We have proposals from four textile companies demanding around 800 acre in different pockets to set up facilities.”
One of the existing textile companies is expected to purchase 400 acre in Badnawar for which the regional office of MPIDC has sent a proposal to the head office for approval of land. Other companies have seen land parcels in the Investment region in Ratlam.
According to MPIDC, Indore around 50 textile and garment industries have booked land in the Indore region in the last one year by paying 25 per cent of the total premium amount to set up factories and estimated investments from these units is Rs 1,560 crore.
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*Figures mentioned in the above article have been sourced from TOI article.
