PM MITRA Park investors seek economically viable ecosystem

Indore: Investors in the PM MITRA Park at Bhainsola in Dhar on Tuesday sought an "economically viable ecosystem" to ensure the project remains competitive in domestic and export markets, flagging the cost of common services as a key concern at a stakeholder consultation with MPIDC officials.Industries stressed the need to develop an ecosystem that brings all textile units on an equal platform, creates an integrated value chain, and ensures economical pricing of common services such as CETP, water, and utilities proposed in the park. Some investors suggested forming a core committee of park allottees to deliberate on common issues and represent collective demands.A few participants also recommended studying service models adopted in other PM MITRA parks before finalising service structures and agencies. "We are coming because an ecosystem is being created here and all units, being from the textile sector, share a common wavelength and similar requirements. But the core remains cost components, which are crucial to make industries viable," an industrialist said.Principal secretary industries Raghvendra Singh and MPIDC managing director Chandramauli Shukla joined the consultation virtually, while Indore commissioner Sudam Khade was present in person and interacted with stakeholders.Shukla said, "Response from industries is very encouraging for the park. So far, 38 firms submitted proposals with cumulative investment commitments crossing Rs 21,500 crore, which are expected to generate nearly 55,000 jobs. Our priority now is to accelerate plot possession, build social infrastructure, and ensure early commissioning of anchor units so that integrated textile manufacturing begins at scale."Singh said MPIDC set an ambitious target to complete all basic infrastructure by June 2027 and encouraged industries to finish construction and begin production by Dec 2027. He assured transparency and regular review of ongoing works.MPIDC executive director Himanshu Prajapati said the park, being developed at a cost of Rs 2,063 crore in five phases, floated tenders worth Rs 773 crore for roads, water supply, power, drainage, and allied infrastructure with work progressing on priority.The park will also house a common effluent treatment plant, residential complex, common steam boiler, plug-and-play facilities, school, ITI, testing and certification centre, R&D facility, and skilling centre.