At least, 500 to 600 acres of land is being aimed at for development and to the allotment to industries by Madhya Pradesh Industrial Development Corporation (MPIDC).  For this, the corporation has received consent for around 1,500 acres of land as part of the land pooling exercise. The consent has been given by the villagers from nearby areas in the vicinity of Pithampur.

With the increasing demand for land at states’ largest industrial belt, Pithampur,  the government is banking on land pooling to accommodate fresh investment proposals. As per official data, Pithampur is almost 95 percent occupied and fresh allotments will be possible with land pooling.

At least 500-600 acre of land is needed that can be developed for allotment. On an average if 500 acre land is developed then 300-350 acre of land can be allotted to industries and up until now, in past 4-5 years, around 2,500 acre land has been developed for industrial allotment.

To create land banks, the state government has announced to offer compensation for land at twice the collector guideline rates in that area. Of the total compensation amount, 20 percent will be given as cash component and 80 percent in the form of a developed residential/commercial plots. Farmers giving consensus for land pooling will get Land Pooling Ownership Certificate.

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Allotment of 150 hectares of land has been made between January to December of which 80 percent have been allotted in Pithampur while the rest in Dewas, Shajaour, Neemuch, and Meghnagar.

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Dabur has proposed investment of Rs 500 crore, Cipla Ltd Rs 700 crore, Bharat Forge Limited Rs 600 crore and Jamna Auto Industries Rs 400 crore among others. The industry department expects to receive an investment of around Rs 10 crore in the region.

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A record 150-hectare land has been allotted this year. With new players coming in, employment opportunities will go up and 10,000 employees in the next three years will be generated.

(Figure Source – TOI)

A city gets a new investment when an investor finds the city developed enough or a Smart City. Indore has kept all those factors into consideration and working vigorously on them, one of which is road development within the city. read our blog to know more, here

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