At a review meeting of the Industrial Policy and Investment Promotion Department at Mantralaya, Mohan Yadav, Chief Minister, Madhya Pradesh, urged for the swift completion of processes for the Rs5 billion integrated textile and apparel park project in Dhar district, which has been approved by the Textile Ministry.
Highlighting the importance of this project, Yadav underscored the need for concerned agencies to promptly fulfill their roles to achieve the target of employing over 25,000 people through 21 units in the PM mega textile park, as stated in a press release by the government of Madhya Pradesh.
The proposal to establish the PM MITRA Park in Bhensola village, Badnawar Tehsil, Dhar district, received formal approval from the government of India in March 2023. The MoU between the Ministry of Textiles and the government of Madhya Pradesh was signed in Dhar district on May 21, 2023.
Yadav also discussed the proposed industrial policy, instructing the preparation of an integrated plan for the development of industries. He pointed out that various ministries of the Central Government have already approved the establishment of different industrial units in Madhya Pradesh, stressing the urgency of implementing these projects.
The proposed investment of Rs350 billion in mega projects in Pithampur and Ratlam is expected to create employment for over 100,000 people. The development of the Indore-Pithampur Economic Corridor, covering 3,200 acre, is projected to cost Rs21.25 billion and employ about 100,000 people. Additionally, Indore’s multimodal logistics park, with an investment of with an investment of Rs20 billion, will provide jobs for more than 5,000 people.
The state government is prioritising the establishment of employment-oriented industries and plans to celebrate 2025 as the year of industry. An investors summit is proposed for January 2025, with regional industrial summits to be held across the state. Yadav will also meet with industrialists in major Indian cities to attract new industrial investments.
Initiatives benefiting the youth in industries and business will be conducted in cooperation with the Madhya Pradesh Council of Science and Technology (MAPCOST) and organisations like ISRO. Yadav issued several key instructions, including the preparation of an integrated industrial development plan, organising regional industrial conclaves, holding meetings with industrialists for new investments, focusing on employment-oriented industries, and preparing for the investors summit.
The inauguration of 78 industrial units in the state is scheduled soon. The meeting also reviewed the progress of the industry summit held last year and the Regional Industry Conclave-2024 held on March 1 and 2 in Ujjain.
