Global investors meet: MP to spruce up industrial infrastructure
The state government is leaving no stone unturned in its bid to woo potential investors by beautifying the city for the global investors meet.
The state government is leaving no stone unturned in its bid to woo potential investors during the global investors meet. Apart from beautification of the city, the government plans a complete overhaul of the industrial infrastructure in the major hubs including Pithampur, Pologround and Sanver Road.
"The government has sanctioned Rs 154 crore for building of roads in Pithampur, Sanver Road and Pologround industrial areas," a senior industry department official said.
The government aims to build 35 km road in Pologround and Sanver Road industrial areas - the hub of small and medium enterprises (SMEs) operating across different sectors including pharmaceuticals, textiles, namkeen (snacks), torches, iron and steel, and PVC pipes.
The state industry department has sent invitation to more than 400 dignitaries for the global investors meet to be held in the city from October 28-30. The government will promote different sector including agriculture and food processing, textile and apparel, auto and engineering, biotech and pharmaceuticals, among others.
The government has also entered into a financial tie-up with the Housing and Urban Development Corporation Ltd (HUDCO) for improving the infrastructure in the industrial growth centres.
The government also aims to showcase the tourist destinations during the three-day summit. Officials in Madhya Pradesh State Tourism Development Corporation (MPTDC) say that the state, which has more than 380 tourism destinations, is looking at a PPP model to enhance its infrastructure. The government plans to spend about Rs 125-130 crore to promote tourism and is also planning roadshows in foreign destinations including USA, UK, Germany and Australia to attract foreign tourists.
Officials say that more than 140 companies will be investing in the Indore region across different sectors including pharmaceuticals, textile, healthcare, food processing and engineering.
The state has 231 notified industrial areas, including 19 growth centers, 10 product specific industrial parks and four notified special economic zones (SEZs) to facilitate industrial investments.
The cabinet has approved the development of 27 new industrial areas in the state, at a cost of Rs 3,000 crore out of which nine industrial areas would be developed in the first phase, at a cost of Rs 255 crore.