A textile company is one of numerous businesses that have lately submitted to the Madhya Pradesh Industrial Development Corporation (MPIDC) of their intention to invest in the Ujjain area. Together, these sectors planned to invest over Rs 2,963 crore (US $ 352 million) and generate 13,150 new employment. The other businesses are from the food processing industry.
Jain Cord Industries Pvt Ltd promised to invest Rs 2,500 crore (US $ 297 million) in Basai, Mandsaur, to manufacture textiles and clothing. An estimated 11,000 employment would be created by the textile facility.
Food processing and textile companies have expressed a strong interest in establishing facilities in Ujjain’s industrial belts, according to Rajesh Rathod, Executive Director, MPIDC, Indore. Industries have expressed interest due to the area’s proximity to Indore, the airport, the dry port, and the availability of labour and land. Given the increasing interest of investors, the industrial belts are being expanded, he added.
In order to draw in fresh investment, MPIDC intends to develop phase 2 of the Jaggakhedi industrial belt on about 72 hectares. In order to establish phase 2 of the Jaggakhedi industrial area, the company has acquired undeveloped land in the Mandsaur district’s Dhikola and Bhuki villages.
The Industries Department claims that because of its closeness to the border, the Mandsaur district has received positive intentions to invest from firms in Gujarat and Rajasthan.
