Indore, May 11 (KNN) Textile and garment companies from Rajasthan and southern states have submitted invested proposals to the Madhya Pradesh Industrial Development Corporation (MPIDC).

Recently, Indore and nearby areas have seen many takers of land from the textile industry of southern states and Rajasthan amid lucrative land rates and investment promotion assistance, reported TOI.

Accelerating the growth of textile sector in MP, the central state has received investment proposals from textile and garment units of Bhilwara in Rajasthan which is amongst the top 10 textile cities of India housing leading textile and garment companies.

Manish Singh, Principal Secretary, Industrial Policy and Investment Promotion Department said, “We have received many investment proposals from investors of Bhilwara. Recently many investors from different parts of the country have shown willingness to invest in Madhya Pradesh. We have formed teams of officials who are regularly following up with prospective investors and many proposals have recently turned up positive.”

Singh expected an investment of close to Rs 1,000 crore from textile units of Bhilwara from the recently received proposals.

MPIDC is expecting more investment proposals to pour in from investors of Rajasthan followed by other states.  (KNN Bureau)