18 investors keen to set up ethanol units in Madhya Pradesh
At least 18 investors have proposed to invest Rs 3000 crore in the state for setting up ethanol manufacturing units, according to the industrial policy and investment promotion department.
The state government has rolled out an ethanol policy to attract investments from ethanol industries in the state.
Ratlam, Dhamnod, Balaghat, Jabalpur and Chhindwara are among the few locations shortlisted by ethanol manufacturers in the state. In Indore region, over 10 investors have shown interest in setting up ethanol manufacturing units, while the average land requirement per industry is about 15 hectare, said the industry department.
A few ethanol and textile industries have also shown interest in taking up land at the newly-proposed investment region in Ratlam, according to Madhya Pradesh Industrial Development Corporation (MPIDC) working on finalising the development plan for the region.
A senior official from the industry department said, “A few investors have shown inclination for setting up ethanol manufacturing units and textile industries in Ratlam. These investors require a large chunk of land and water supply, which is both available in Ratlam. We have started showing land in Ratlam to industries as we plan development and allocations simultaneously.”
Recently, a few large industries, including pharmaceuticals, textile and ethanol visited the site, said officials. The industry department has pegged the investment in the upcoming Ratlam industrial belt at around Rs 18,000 crore. The estimated cost of development for the Ratlam investment region is pegged at over Rs 800 crore and development is likely to be planned in a phased manner.
Project summary and feasibility report of the investment region development and management scheme suggests net planning on 1,466.7 hectare of which around 79 per cent will be saleable developed land for large scale industries, micro, small and medium enterprises, logistics, commercial and residential areas. MPIDC is contemplating to add more government land in Ratlam to attract investments from industries.