Indore, Apr 15 (KNN) The Madhya Pradesh industries department has decided to set up a new IT park about 1.10 lakh square meter on the campus of the Crystal IT Park.

The upcoming IT park will be offered to tech firms on lease and rental basis, according to the Madhya Pradesh Industrial Development Corporation (MPIDC), Indore.

Mayank Pratap Singh, co-founder of an IT firm said, “The new IT park should have dedicated spaces where startups can collaborate on developing innovative solutions to common challenges. The facility should also have provisions for shared equipment and resources such as 3D printers, office supplies, and meeting rooms.”

As per reports, the IT Players said the upcoming facility should be equipped with advanced features and facilities required for an IT setup.

They said, co-working spaces have become a basic need and the new IT Park should have ready-to-move spaces for budding entrepreneurs, reported TOI.

“The new IT Park should not be limited to any particular domain but the facility should be built in a way that it caters to multiple segments. The new facility should also have space and amenities for engineering/hardware based startups,” said Priyanshu Kumath, founder of Sustainable Water Technologies Ltd.

Techies also suggested plans for gyms, meditation rooms and other facilities in the IT Park for employees.

The IT park is expected to come at estimated cost of Rs 393 crore.  (KNN Bureau)