![](https://menafn.com//includes/img/error-logo-left.png)
Madhya Pradesh Invites Proposals For Upcoming IT Park 3 & 4 In Indore
The state government aims to attract investment from chip manufacturing units, MSME, Electronics system design manufacturing (ESDM) units and IT firms.
The industries department is eyeing to generate employment for close to 25,000 people.
The infrastructure work at the proposed IT park at Electronic Complex being developed as an ESDM and IT hardware park has started and the estimated development cost is Rs 38 crore. It is expected to house ESDM units, data centres, testing laboratory and IT offices.
An official from MPIDC, wishing anonymity said“We have floated EoI for the upcoming IT Parks 3 and 4. The IT Park will give a fillip to the ESDM ecosystem in Central India and benefit many IT companies.”
IT Park 3 is coming near the existing Crystal IT Park and the estimated project cost of Rs 387 crore. This IT park is expected to house more than 50 tech companies and will come up on around six acre and have a G+ 19+2 basement structure.
The department is contemplating allotting spaces to tech firms on lease and rental basis in the proposed park, hoping full occupancy.
The official said,“Many tech firms have shown interest in taking up land in the new IT Parks. We have sought feedback from industries and tried to know their requirements at the workplace. We have kept the option for lease and rentals open to benefit maximum firms.”
(KNN Bureau)
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
![Market Research](/Updates/Alliance.png)
- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment