Tag: Madhya Pradesh Industrial Development Corporation

CommercialLatest Stories

Bids for IT Park 4 in Indore Opening This Month

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…

CommercialLatest Stories

MPIDC Develops Revenue Model for IT Park 4 Offices, Indore

INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) is crafting a revenue model aimed at providing office spaces to tech companies in the forthcoming IT Park 4, located in the Pardeshipura area, prior to launching the allotment process. The MPIDC’s regional office in Indore has proposed a plan to its head office for office space distribution across various floors of the under-construction IT Park 4. This proposal is based on input from tech firms and startups keen on occupying the new park, with interests reportedly coming from companies in Bangalore, Maharashtra, and Delhi. “To ensure full occupancy in IT Park…

CommercialLatest Stories

Ujjain IT Park Expands with Phase II Development

INDORE: The IT Park in Ujjain, currently being developed, is set to expand into phase two, which will accommodate more technology firms and startups. Madhya Pradesh Industrial Development Corporation (MPIDC) has designated a developer for the second phase, covering approximately 1.5 acres. “The plan for the second phase of the IT Park has been approved, and a developer is on board to advance the project. Our goal is to foster an ecosystem and enhance infrastructure for the IT and startup sectors. There is significant demand from tech companies for well-equipped spaces. Phase one has received a positive response, and we…

InfrastructureLatest Stories

Land Pooling Begins for Indore-Pithampur Economic Corridor

AI-generated Representative Image INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) has initiated land pooling for the proposed 19.60 km Indore-Pithampur Economic Corridor, which will host commercial and industrial ventures along both sides. This infrastructure project aims to improve connectivity between Pithampur, the airport, and other vital urban areas, thereby facilitating commercial and industrial growth in the state. MPIDC’s Indore Executive Director, Himanshu Prajapati, stated, “The layout for the proposed corridor has been finalized, and we have begun the land pooling process. We have received consents for over 250 acres and are actively collecting documents from landowners.” The corridor will…