Bhilosa Industries Proposes ₹7,500 Crore Investment in Madhya Pradesh; Expected to Create 3,750 Jobs
Madhya Pradesh: Bhilosa Industries has proposed an investment of up to ₹7,500 crore in the state. This project is expected to generate direct employment for approximately 3,750 people. The company plans to set up a modern textile manufacturing unit at the PM MITRA Park in Dhar district. This initiative is expected to boost the state's textile industry.
**Discussion on Investment Between Chief Minister and Company Management**
The proposed project was discussed during an investment meeting held at the St. Regis Hotel in Mumbai, attended by Madhya Pradesh Chief Minister Dr. Mohan Yadav and Bhilosa Industries Managing Director Sandeep Jain. Deliberations during the meeting covered investment prospects and various aspects related to industrial development.
**Plan to Develop Project on 300 Acres of Land**
According to the proposal, the company is in the process of securing approximately 300 acres of land. Of this, 200 acres are earmarked for textile production, while the remaining 100 acres are proposed for the development of ancillary industrial units.
The company plans to invest ₹2,500 crore in the first phase. Subsequently, the aim is to increase the total investment to ₹7,500 crore in a phased manner. Production at the facility is expected to commence in 2028.
**Boost to Polyester Production and Employment**
The project entails developing an integrated polyester production ecosystem in the Dhar-Indore region. It proposes the manufacturing of polyester yarn, fiber, knitted fabrics, and other textile products. This could also create new opportunities for small-scale and ancillary industries.
The Central Government has approved seven PM MITRA Parks across the country, including the one in Dhar. These parks aim to foster the textile industry through modern infrastructure and superior logistics facilities. Chief Minister Mohan Yadav assured investors of policy support. The realization of the project is expected to boost the state's textile production capacity, export potential, and local employment opportunities.
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