Blog
Major Developments in Indore
Indore is called the commercial capital of India and was selected as one of the first twenty cities in the smart city initiative, let us see why.
The Indore economy has vastly grown in the past years and now has not only traditional agro-industries but also modern, corporate and IT industries. It is certainly one of the busiest cities in Madhya Pradesh and with the flourishing of the Indore Economy, a large number of management as well as engineering schools have opened up to supply to the ever growing demand of proffessionals, for example NMIMS as well as a branch of symbiosis.
One of the very recent major developments in the Indore economy is the upcoming rapid transit system which is the Indore Metro. The system’s length will be approximately 124 kms. This will help gain Indore pace towards becoming a tire-1 city. Indore is a testing ground for many companies, from small firms to big corporate giants such as ITC and Wipro have also expanded to Indore. A separate electronic complex has been created to exemplify the importance of IT in the Indore Economy. This complex houses some of the top IT companies in India.
Moving to the Industrial side of development. This is a very major component of the Indore economy and hence Indore has emerged as the industrial capital of Madhya Pradesh in the past few years. Pithampur near Indore is one of the largest hubs of vehicle and automobile industries in India. One of the very important industries among numerous is the automobile Industry, as it contributes substantially to the Indore economy. The National automotive test tracks (NATRAX-Indore) is a world class automotive providing a ground setup across 3000 acres of land for comprehensive testing and evaluation of various vehicles. This site is located between NH3 and N59 and well connected with road. It will be one of the leading facilities for achieving excellence in vehicle dynamics.
On the real estate side of things, Indore has a very major upcoming project which is the Phoenix Citadel, located on bypass. The Phoenix Mills is one of the most top notch, retail led, multi-asset companies in our country. It has tie ups with brands including luxury, premium as well as designer labels. It will be spread across approximately 22 acres of land. This development is planned to become the go-to destination for the people of Indore and adjoining cities and towns.
Smart cities or competition is the method to select cities for funding and using a strategy of area-based development. Indore has carried one of the widest citizen’s engagement programme for shaping of vision, goals & strategies, selection & planning of ABD & Pan-city proposal. The exercise was extensive both in terms of participation as well as diversity of mediums used.
Overall, Indore is well versed on its way to becoming a smart city. It’s safe to say that Indore was selected as the first 20 cities for the smart city project in India for good reason.
