INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) is set to invite bids from technology firms in October for space in the much-anticipated IT Park 4.
The industries department aims to draw investment from electronics system design and manufacturing (ESDM) companies, data centers, testing labs, and IT offices.
MPIDC executive director Himanshu Prajapati stated, “About 70,000 square feet of office space will be available for lease, with a duration of approximately 30 years. This park is designed to enhance the technological landscape in the region and attract investments across various sectors.”
Officials confirmed that the formalities for inviting bids are complete, and the bidding process is expected to commence in October.
The civil construction of IT Park 4, located in the Electronic Complex and spanning 0.38 hectares, is nearing completion with an estimated development cost of ₹47 crore.
The industries department is keen to attract tech companies from Madhya Pradesh, Bangalore, Maharashtra, and other major cities, with several firms already expressing interest in the new park.
In addition to IT Park 4, MPIDC also plans to allocate space in the ongoing IT Park 3, which is being developed on 2.38 hectares at an estimated cost of ₹501 crore, with allocations expected to take place in phases starting in 2026.
This significant development is poised to transform Indore into a hub of innovation and business growth, fostering an influx of technological investments.
