Tag: MPIDC

CommercialLatest Stories

Indore: IT Park 3 & 4 Office Space Sales Launching This Year

INDORE: The sale of office spaces in the upcoming IT Park-3 and IT Park-4 in Indore is set to commence in 2026. This initiative is part of the Madhya Pradesh Industrial Development Corporation’s (MPIDC) effort to enhance technology infrastructure, catering to the rising demands from IT and service sectors. IT Park-3, with an investment of approximately Rs 530 crore, will cover nearly 11 lakh sq ft. It is designed as a plug-and-play facility with high-speed digital connectivity and a walk-to-work model, targeting industries in fintech, artificial intelligence, data analytics, and IT-enabled services. MPIDC’s Indore region executive director, Himanshu Prajapati, stated…

CommercialLatest Stories

MPIDC Secures Approval for 300 Hectares in Indore-Pithampur Corridor

Representative image INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) has secured agreement from landowners for approximately 300 hectares as part of the land pooling initiative for the planned 19.60 km Indore–Pithampur Economic Corridor, marking a major milestone in this high-value infrastructure project. The estimated cost of the corridor exceeds Rs 2,400 crore and is designed to enhance connectivity between Indore and Pithampur, a key industrial hub in the state. Officials stated that the corridor encompasses a total planning area of 1,177 hectares, comprising 954 hectares of private land across 17 villages and 222 hectares of government land. To date,…

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…

IndustryLatest Stories

MPIDC Allocates 23 Plots in Pithampur Sector 7 Land Pooling

Representative image created by AI INDORE: On Monday, the Madhya Pradesh Industrial Development Corporation (MPIDC) allocated commercial and residential plots to 23 landowners whose land was pooled for the new Sector 7 industrial area in Pithampur. A total of approximately 9.5 hectares, consisting of 10 commercial and 427 residential plots, were assigned to landowners, valued at around Rs 49 crore. These plots were registered from September 1, 2022, to December 31, 2022. The industries department is aggregating land from private owners to develop Indore’s latest industrial expansion—Sector 7 in Pithampur—covering about 2,090 hectares, of which 600 hectares is government land,…