Friday, September 16, 2011

8. Economy

Indore is the commercial capital of Madhya Pradesh with a bulk of its trade coming from Small, Mid and Large scale manufacturing & service industries. These industries range from Automobile to Pharmaceutical and from Software to Retail and from Textile trading to Real estate . Major industrial areas surrounding the city include the Pithampur Special Economic Zone and the Sanwer Industrial belt. Pithampur is also known as the Detroit of India.[23][24]
While the Textile manufacturing and Trading is the oldest business to contribute to economy, the Real Estate has emerged very fast in past few years. National Real Estate Players DLF Limited,Omaxe,Sahara, Parsvnath, Ansal API, Emaar MGF have already launched their residential projects in Indore. These projects are generally on the Indore bypass.This road also houses the projects of many local and regional Real estate players like Silver spring, Kalindi etc.
Major Software firms in Indore includes Impetus and Computer Science Corporation CSC.Also many small and medium size Software Development firms are also established. In the software front a major event occurred in the first half of 2011 when India's biggest software company Tata Consultancy Services decided to open a campus in Indore. Government of MP has also done the land allotment. [25]
Pithampur near Indore houses production plants of various Pharmaceutical companies like Ipca Laboratories,Cipla,Lupin,Glenmark,Unichem.

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