New Company Formed to Develop Jabalpur-Bhopal-Indore Industrial Corridor

Bhopal, October 15 (Daily Kiran) : The Madhya Pradesh government has taken a significant step towards the development of the Jabalpur-Bhopal-Indore Industrial Corridor. In a recent cabinet meeting led by Chief Minister Mohan Yadav, it was announced that a new company would be formed through the industrial department to implement this ambitious project.Starting from Jabalpur and extending through Bhopal to the commercial capital of Indore, the corridor is expected to invigorate industrial growth and commercial activities in the region. Chief Minister Yadav explained that the newly established company will operate as an economic corridor and will be fully owned by the state government. A budget of ₹100 crores has been allocated for this initiative. The Chief Minister will chair the governing council of the company to ensure swift decision-making and coordinated efforts among all relevant departments.The experience and expertise gained from operating other companies will also benefit this project, facilitating faster development. Yadav highlighted the industrial potential of the area stretching from Jabalpur to Raisen, noting favorable conditions for tourism, mining, agriculture, and heavy industries. Essential infrastructure such as roads, electricity, water, and aviation facilities are already in place, which are crucial for establishing and operating any industry.With the development of this corridor, investing industries will gain access to these facilities, leading to an expansion of economic activities in the region. The project aims not only at road construction but also at a comprehensive plan to develop the area industrially and economically. The first phase plans to develop between 3,000 to 10,000 acres of land. Discussing potential investment and job creation, Yadav stated that the corridor is expected to attract over ₹1 lakh crores in investments by March 2028, potentially creating direct employment for around 1 lakh individuals and indirect jobs for an additional 2 lakh.This could result in job opportunities for a total of 3 lakh people. He further mentioned that over the next three years, investments exceeding ₹3 lakh crores could create employment opportunities for more than 6 lakh people. The corridor will pave the way for industrial development, investment promotion, and job creation across various regions, including Mahakaushal.