Indore, May 6 (KNN) The new IT Park that is being developed by Madhya Pradesh Industrial Development Corporation (MPIDC) will house more than 50 tech companies.

The proposed new IT Park in Indore, estimated to be developed at a cost of Rs 387 crore will come up on around 6 acre land and will have a G+ 19+2 basement structure.

MPIDC executive director Rohan Saxena said, “Tech companies have shown keen interest in setting up facilities in Indore amid availability of better infrastructure, low cost of living and talent pool. We are trying to contribute to the growing ecosystem of IT companies in Indore by adding dedicated spaces for tech companies.”

As per reports, MPIDC plans to offer office space of different sizes to tech companies on lease or rent depending on requirement of the firm.

A parking space for around 571 cars, spaces for commercial and restaurants have been designed for the new IT Park.

The new IT Park will have office spaces, commercial establishments, cafeteria, data center, incubation and waiting lounges.

Players from tech industry have submitted suggestions as per industry requirement for the upcoming IT Park.  (KNN Bureau)