The construction work of about 20.3-km-long Indore-Pithampur Economic Corridor, is likely to start in the next six months. The corridor starting from behind the Bijasan Hill to Rau Toll and further connecting AB Road is considered an economic growth engine for the western part of the city.
A meeting of the officials of the regional centre of Madhya Pradesh Industrial Development Corporation (MPIDC) was held on 07 August, 2024 and reviewed the progress of the project. The proposed corridor is a transport link connecting the city's influence area and industrial area of Pithmapur. The MPIDC wants to develop a startup and IT Park and Fintech city.
The objective is to promote planned development for non-polluting industries, businesses, knowledge centres and residential and social infrastructure on both sides of the corridor. Three options have been given to the farmers for the land. First, they can take double the amount of the guideline value as compensation, or the land can be taken as per the land-pooling policy of IDA, wherein 50 percent of their total land after being developed is returned to the farmers. Alternatively, farmers can take compensation and land.
The proposal will be sent to Bhopal, after completing the claims and objections of the farmers. The encroachments made in the investment region of Sector 6 and 7 will be removed.