MPSEDC eyes investment from IT cos on Super Corridor

MPSEDC eyes investment from IT cos on Super Corridor

Posted : Sep 28, 2024, 22:49 IST | By : DCNPL

Indore: Madhya Pradesh State Electronics Development Corporation (MPSEDC) is seeking toattract investment from prominent IT/ITES enterprises by offering land parcels at the Super Corridor area in Indore.

The corporation is scouting for renowned IT companies to allocate undeveloped land parcels spanning across 40 acres.

We are engaged in discussions with several industries to proffer undeveloped land parcels, while a few delegations from industries have conducted site visits.

Out of the total 50 acres at our disposal, 10 acres have already been allotted to an IT company, and we are now actively pursuing companies to allocate the remaining land parcels. These allocations will be executed through the Cabinet Committee for Investment Promotion (CCIP)," said an official from MPSEDC.

The state government has allotted 10 acres to LTI Mindtree at Super Corridor under the mega projects scheme. The company has put forth a proposal to invest Rs 500 crore in the IT sector.

Moreover, MPSEDC is contemplating the creation of a plug and play facility at the Electronic Complex in Pardesipura, Indore.

The demand for ready and developed working space is immense in the IT sector. Capitalizing on this requirement, the department is formulating plans to develop a plug and play facility within the Electronic complex," the official said.

MPSEDC is strategizing the establishment of plug and play facilities in Indore, Bhopal, and Gwalior to attract investment in the IT domain within the state.

Source: https://timesofindia.indiatimes.com/city/indore/mpsedc-eyes-investment-from-it-cos-on-super-corridor/articleshow/113771750.cms