An investment of Rs.2 crore investment has made for Ujjain for setting up a manufacturing unit worth Rs.24 crore in Pithampur.
The Madhya Pradesh Industrial Development Coorporation (MPIDC) which already issued a letter of Intents for the companies. Both the industries have proposed to generate employment for around 200 people in the region.
The Mangla industries has acquired a land of Ratlam. This was proposed to invest to Rs.1.25 crore. An official from MPIDC said, “The LoIs have been issued to all the three companies in past over a fort-night. There are 11 LOIs that have been issued so far in February”.
The textile and the garment industries have some willingness for the setting upindustries. This will help in the growth of the small scale industries, medium enterprises (MSME) will be adding fuel for the bank and developing clusters.
Apart from this, a plastic cluster is proposed by the MSME in Ujjain. The land bank had also sent a proposal for adding a 100 hectare land in the region.Already, the department has a 100 acre bank in the same region.
