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Madhya Pradesh: MPIDC allocates land for 10 industries in Pithampur with an investment potential of INR 3,000 crore

#Infrastructure News#India#Madhya Pradesh
Last Updated : 27th Mar, 2025
Synopsis

Ten industries have been allocated approximately 124 hectares in the developing Sector 7 industrial area in Pithampur, while discussions are ongoing with five more companies. Madhya Pradesh Industrial Development Corporation (MPIDC) has facilitated these allotments to firms such as Sai Machine Tools, Aquatic Pipes & Tubes Pvt Ltd, and Mantram Industries Pvt Ltd. The combined investment from these industries is projected at nearly INR 3,000 crore, with an estimated employment generation of around 6,000 jobs. To accommodate further industrial growth, MPIDC is expanding its land bank, having pooled approximately 400 hectares from private owners, with over 150 hectares already receiving consent. The industrial belt, spanning more than 2,232 hectares, will require a development expenditure of approximately INR 2,400 crore. Under the land pooling scheme, the state government will compensate landowners with 20% cash and 80% in developed plots.

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