Madhya Pradesh receives investment proposals worth Rs 10 cr in MSME cluster

Indore, April 9 (KNN) The Madhya Pradesh Industrial Development Corporation (MPIDC) has received investment commitments ranging from Rs 10 lakh to Rs 10 crore in the MSME cluster.

Further, about 56 industries have proposed to invest Rs 1,153 crore in different phases to establish facilities in Madhya Pradesh. 

Letter of Intent (LOI) has been issued to all these industries by the Madhya Pradesh Industrial Development Corporation (MPIDC) in the last one month. 

Some of the units have already been inaugurated while remaining are in the establishment process. 

The investments are majorly in the sector of pharmaceuticals, textiles, packaging, engineering, fertilisers, agri processing and plastic. (KNN Bureau)