Indore: Madhya Pradesh Industrial Development Corporation (MPIDC) has planned to expand industrial areas in Dhar, Dewas and Ratlam to attract investment from industries.To add land parcels, MPIDC has applied to the district administration for land transfer in Ujjain for developing new industrial areas in the region.MPIDC Indore executive director Rajesh Rathod said, The aim is to get scattered investment in the region rather than most investments concentrating at one or two locations.There are many potential locations in the region, and we are developing areas that will suit the requirements of industries.MPIDC has planned to come up with phase two in Jetapur in Dhar on around 220 hectare land. The department aims to add private land from nearby two villages--- Lalbagh and Basvi. The extension is planned near the existing industrial area in Jetapur.We have identified some land parcels in Jetapur for developing industrial areas. Many industries have shown interest in investing in this region, and most are looking for undeveloped industrial areas, Rathod said.MPIDC has also mapped out development of new industrial areas in Shajapur, Agar-Malwa and Maksi phase 2. The estimated cost of the development in Agar-Malwa is Rs 41 crore, Shahapur is over Rs 23 crore and Maksi phase 2 is Rs 33 crore.We also published the following articles recentlyAsian Development Bank injects $250 million to boost Indias industrial corridorsThe Asian Development Bank (ADB) has approved a $250 million loan to support the development of industrial corridors in India. The loan aligns with the National Industrial Corridor Development Program (NICDP) and aims to enhance the competitiveness of the manufacturing sector and generate high-quality jobs. The program focuses on the development of multimodal logistics infrastructure, gender equality in manufacturing, and alternative financing solutions. It also introduces a single window clearance system and digital processes for ease of doing business. This loan builds upon the success of a previous $250 million loan for the development of 11 industrial corridors.Global Nagpur summit stresses on economic development of regionThe Global Nagpur summit focused on economic development and societal welfare, with over 500 delegates from various sectors in attendance. Speakers discussed topics such as resilient urban economy, the role of the social sector in bridging the urban-rural divide, and the shift towards digital inclusion. Success stories of small businesses and initiatives promoting organic cotton were shared, while a seed fund was provided to incubated startups. Change maker awards were given to individuals working selflessly in fields like millet conservation and women empowerment. The summit also showcased social entrepreneurs and featured concepts like digital marketing and crowd funding.Cyclone hits Chennais industrial units, IT hubsUnprecedented rains and floods caused by Cyclone Michaung have hit business operations of Chennais industrial majors and IT hubs. Production at six major auto component units, including Lucas TVS, Wheels India, Sundram Fasteners, Sundaram Clayton, and Brakes India, was affected for the third consecutive day due to heavy rains. The Ambattur-Padi industrial cluster in Chennai, which houses these facilities, remained inundated with water and without power supply. Automotive majors, such as Hyundai, Renault Nissan, and Daimler, have resumed operations in phases after disruptions caused by the cyclone. Apples contract manufacturers, Foxconn and Pegatron, also halted production of iPhones in their facilities during the cyclone.

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