Bhopal (Madhya Pradesh): The Mohan Yadav-led Madhya Pradesh Cabinet has approved the formation of a government-owned company to develop the Jabalpur-Indore Economic Corridor. The company will receive ₹100 crore as initial capital from the state government.
The project aims to attract investments, develop industrial hubs and generate employment across seven districts.
₹1 Lakh Crore Investment Target
According to the Cabinet presentation, three to five industrial hubs will be developed across 10,000 acres in the first phase of the corridor connecting Jabalpur, Bhopal and Indore.
The government aims to attract investments exceeding ₹1 lakh crore by March 2028, creating 1 lakh direct and over 2 lakh indirect jobs. Over the next three years, investments worth ₹3 lakh crore and more than 6 lakh jobs are targeted.
Modern Industrial Hubs Planned
The industrial hubs will offer plug-and-play facilities, including land, electricity, water, roads, sewerage and digital connectivity.
Housing, hospitals, schools, skill development centres and green spaces will also be developed.
The project will benefit Jabalpur, Narsinghpur, Raisen, Bhopal, Sehore, Dewas and Indore, promoting manufacturing, defence, aerospace, logistics, food processing, IT and electronics industries.
Company Formation Within 30 Days
The company will be formed within 30 days, while GIS mapping and land bank preparation will be completed within six months.
Master plans and detailed project reports will be prepared within a year.
Government land will be prioritised, while private land will be acquired through consent or legal procedures, with compensation for affected people.
CM Assures Relief From Power Crisis
Chief Minister Mohan Yadav said electricity shortages had increased due to inadequate rainfall and delayed paddy sowing.
He said the state was receiving 800 MW of electricity from Gujarat and Sardar Sarovar, while additional power was being arranged from Punjab and Uttar Pradesh.
He expressed hope that electricity supply would improve within one or two days.
₹241 Crore For School Transport
The Cabinet also approved approximately ₹241 crore to improve school transport facilities.
District collectors will now manage bus operations and maintenance according to local requirements.
The scheme aims to improve transport access for students in tribal, OBC and other areas.
