Chief Minister Dr. Mohan Yadav said that the proposed economic corridor in the state will give a new impetus to industrial development, business activities and employment generation. The project plans to develop 3,000 to 10,000 acres of land in the first phase.
Tezzbuzz Desk – Chief Minister Dr. Mohan Yadav said that the Economic Corridor starting from Jabalpur and extending to the state's commercial capital Indore via Bhopal will give a new impetus to industrial development and business activities. A new company has been formed through the Industries Department to implement this ambitious project. This company will function as an economic corridor and will be completely owned by the state government. An amount of ₹ 100 crore has been made available for this by the state government.
Chief Minister Dr. Mohan Yadav said that he himself will chair the Governing Council of the corridor, so that decisions can be taken quickly and all concerned departments can work in coordination. He said that this project will also benefit from the experience and expertise gained from the operation of other government companies, due to which the development works can be carried forward at a faster pace.
The area from Jabalpur, Narsinghpur to Raisen is full of vast possibilities for industrial development. There are favorable conditions for the development of tourism, mining, agriculture and heavy industries. Along with this, necessary connectivity facilities including roads, electricity, water and aviation are also available. These facilities are the basic requirements for the establishment and operation of any industry. The development of this corridor will benefit the investing industries from these facilities and will expand economic activities in the region.
This project is not limited to just road construction, but is a comprehensive plan to develop the entire area industrially and economically. In its first phase, there is a plan to develop land ranging from 3,000 to 10,000 acres.
This corridor can also prove important from the point of view of investment and employment. An investment of more than Rs 1 lakh crore is expected by March 2028. This is likely to provide direct employment to about one lakh people and indirect employment to two lakh people. In this way, employment opportunities can be created for a total of three lakh people.
The Chief Minister said that in the coming three years, there is a possibility of investment worth more than Rs 3 lakh crore and employment opportunities for more than six lakh people. This corridor will pave a new path for industrial development, investment promotion and employment generation in various areas of the state including Mahakaushal.