en.Wedoany.com Reported - The Indore-Pithampur Economic Corridor project in Madhya Pradesh, India, has been launched with a foundation stone laying ceremony, involving an investment of INR 23.6 billion. The economic corridor will extend over 20 kilometers, connecting key industrial zones between Indore and Pithampur, and strengthening industrial activities across various sectors including automobile manufacturing, textiles, engineering, warehousing, and agricultural product processing.

Under the land pooling model for this economic corridor, farmers whose land is acquired will receive 60% of the developed plots in return. The Madhya Pradesh government stated that this approach aims to ensure farmers' long-term participation in the region's economic growth, rather than providing only a one-time monetary compensation. Officials noted that the redistributed developed plots are expected to have significant future value.

The proposed economic corridor includes an eight-lane highway, buffer zones for future expansion, and over 1,300 hectares of planned development area. The economic corridor will improve connectivity to major transport networks such as National Highway 47, National Highway 52, and the Delhi-Mumbai Industrial Corridor, accelerating logistics and transportation efficiency to support industrial investment in the region. Authorities anticipate that as industrial activities expand along the economic corridor, the project will create a substantial number of direct and indirect employment opportunities.

The Indore-Pithampur Economic Corridor is a key industrial and logistics hub project in central India, designed to support Madhya Pradesh in strengthening its position as a manufacturing and investment destination.

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