State Finance and District in-charge Minister Jayant Malaiyya here on Friday laid foundation stone of a new IT Park building adjacent to old IT park on the Khandwa Road.
The new IT park building to spread over in an area of 2,000 sq ft, would be constructed at an estimated cost of Rs 45 crore. Speaking on the occasion, Malaiya said that Indore which is already the commercial and industrial capital of Madhya Pradesh, has now become a major hub of education and Information Technology (IT).
He said Indore provides immense opportunities in information technology and the government on its part will do its best to make Indore even better than Bangalore and Hyderabad in the IT sector. One IT park has already been functioning in Indore for the past two years. He said currently 12 national as well as international level IT companies are operational in the existing IT park spread over in 5,000 sq ft and every year software worth Rs 180 crore are being exported from here.
He said the foundation stone of the third IT park would also be laid adjoining the new IT park building in the next two years adding that construction of these IT parks would provide employment opportunities to thousands of youths. Talking about expansion of IT industries in Indore, Malaiya said that IT companies expand its base only in those areas which have international air connectivity and international level academic facilities.
Speaking on the occasion, State Industries and Excise Minister Rajendra Shukla said that Madhya Pradesh Government is committed to provide employment to its youths as well as expansion of industries in the State. The new IT park building would definitely be successful to achieve these objectives, he said adding that IT is one of the 10 key industries which are being given priority by the State Government. He said because of adequate availability of roads, electricity and water, Madhya Pradesh provides immense opportunities in industries. Even industrialists are attaching topmost priority to Madhya Pradesh for setting up industries here, he added.