Indore, Madhya Pradesh, India

Economy

๐Ÿ‡ฎ๐Ÿ‡ณ Indore is the most populous and the largest city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and has campuses of both the Indian Institute of Technology and the Indian Institute of Management.

Indore traces its roots to its 16th-century founding as a trading hub between the Deccan and Delhi. The city and its surroundings came under Maratha Empire on 18 May 1724 after Peshwa Baji Rao I assumed the full control of Malwa. During the days of the British Raj, Indore State was a 19 Gun Salute (21 locally) princely state (a rare high rank) ruled by the Maratha Holkar dynasty, until they acceded to the Union of India. Indore served as the capital of the Madhya Bharat from 1950 until 1956.

Indore's financial district, based in central Indore, functions as the financial capital of Madhya Pradesh and is home to the Madhya Pradesh Stock Exchange.

Indore has been selected as one of the 100 Indian cities to be developed as a smart city under the Smart Cities Mission. It also qualified the first round of Smart Cities Mission and was selected as one of the first twenty cities to be developed as Smart Cities. Indore has been part of Swachh Survekshan since its inception and had ranked 25th in 2016. It has been ranked as India's cleanest city five years in a row as per the Swachh Survekshan for the years 2017, 2018, 2019, 2020 and 2021. Meanwhile, Indore has also been declared as India's first 'water plus' city under the Swachh Survekshan 2021. Indore became the only Indian city to be selected for International Clean Air Catalyst Programme. The project with cooperation of Indore Municipal Corporation and Madhya Pradesh Pollution Control Board, will be operated for a period of five years to purify the air in the city.

Economy Indore is a commercial centre for goods and services. As per the official records released by the Directorate of Economics and Statistics (Madhya Pradesh), the GDP (nominal) of Indore District is estimated at Rs. 43,356 crores for the year 2016โ€“17. While its per-capita nominal GDP was recorded at INR 1,07,930 in 2016โ€“17. The city also hosts a biennial global investors' summit, which attracts investors from several countries. Major industrial areas surrounding the city include: Pithampur (phases I, II and III alone host 1,500 large, medium and small industrial set-ups), Indore Special Economic Zone (around 3,000 acres/ 4.7 square miles/ 1,214 hectares), Sanwer industrial belt (1,000 acres/ 1.6 square miles/ 405 hectares), Laxmibainagar Industrial Area, Rau Industrial Area, Bhagirathpura Industrial Area, Kali Billod Industrial Area, Ranmal Billod Industrial Area, Shivajinagar Bhindikho Industrial Area, Hatod Industrial Area.

The city also has IT Parks, Crystal IT Park (550,000 square feet), Pardeshipura IT Park (100,000 square feet), Electronic Complex, and Individual Special Economic Zones (SEZs) such as TCS SEZ, Infosys SEZ, Impetus SEZ, Diamond Park, Gems and Jewelry Park, Food Park, Apparel Park, Namkeen Cluster and Pharma Cluster.

Pithampur near Indore is known as the Detroit of Madhya Pradesh.

Madhya Pradesh Stock Exchange (MPSE) was set up in 1919. It is the only stock exchange in Central India and the third oldest stock exchange in India. It is located in Indore. The National Stock Exchange (NSE) has established an Investor Service Center in the city.

TCS has officially started an offshore development centre in Indore with a total campus area of around 1.5ย million square feet. Collabera has also announced plans to open campuses in Indore. Infosys is setting up a new development centre at Indore at an investment of Rs. 1ย billion in Phase I at Super Corridor. Infosys demanded an area of 130 acres (53 hectares) to open its new facility in Indore which will employ about 13,000 people. The government of MP has done the land allotment. Impetus, headquartered in Los Gatos, California, USA, with multiple offshore offices in Indore, has started operations at its 25-acre land, procured from the SEZ. Besides these, there are several small and medium-sized software development firms in Indore. Webgility, a San Francisco-based ecommerce company that has had a presence in Indore since 2007, opened a 16,000 square-foot campus at NRK Business Park in 2017. Accenture has also opened the office in Vijay Nagar area. Nagarro also had the presence in Indore.

Indore, Madhya Pradesh, India 
<b>Indore, Madhya Pradesh, India</b>
Image: Photo by Rohit Raj on Unsplash

Indore was ranked #650 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Indore has a population of over 1,994,000 people. Indore also forms the centre of the wider Indore metropolitan area which has a population of over 3,017,000 people. Indore is ranked #279 for startups with a score of 1.112.

To set up a UBI Lab for Indore see: https://www.ubilabnetwork.org Twitter: https://twitter.com/UBILabNetwork

Text Atribution: Wikipedia Text under CC-BY-SA license | Nomad | StartupBlink

  • Ernest George |

    ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ Architect/Painter Ernest George is associated with Indore. He was elected a member of the Royal Society of Painter-Etchers and Engravers (R.E.) in 1881

  • Henry Vaughan Lanchester |

    ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ Architect/Town Planner Henry Vaughan Lanchester is associated with Indore. He was editor of The Builder from 1910 to 1912.

Antipodal to Indore is: -104.135,-22.716

Locations Near: Indore 75.8651,22.7162

๐Ÿ‡ฎ๐Ÿ‡ณ Ratlam 75.037,23.334 d: 109.1  

๐Ÿ‡ฎ๐Ÿ‡ณ Barwani 74.9,22.03 d: 125.2  

๐Ÿ‡ฎ๐Ÿ‡ณ Dohad 74.25,22.833 d: 166.1  

๐Ÿ‡ฎ๐Ÿ‡ณ Dahod 74.25,22.833 d: 166.1  

๐Ÿ‡ฎ๐Ÿ‡ณ Bhopal 77.432,23.247 d: 171  

๐Ÿ‡ฎ๐Ÿ‡ณ Bhusawal 75.77,21.05 d: 185.5  

๐Ÿ‡ฎ๐Ÿ‡ณ Jalgaon 75.568,21.004 d: 192.8  

๐Ÿ‡ฎ๐Ÿ‡ณ Vidisha 77.82,23.53 d: 219.4  

๐Ÿ‡ฎ๐Ÿ‡ณ Kota 75.852,25.168 d: 272.6  

๐Ÿ‡ฎ๐Ÿ‡ณ Malegaon 74.526,20.555 d: 277.4  

Antipodal to: Indore -104.135,-22.716

๐Ÿ‡ต๐Ÿ‡ช Chimbote -78.583,-9.067 d: 16897.8  

๐Ÿ‡ต๐Ÿ‡ช Callao -77.15,-12.067 d: 16923.7  

๐Ÿ‡ต๐Ÿ‡ช Trujillo -79.034,-8.103 d: 16880.8  

๐Ÿ‡ต๐Ÿ‡ช Chiclayo -79.844,-6.764 d: 16867.2  

๐Ÿ‡ต๐Ÿ‡ช San Isidro -77.033,-12.083 d: 16913.1  

๐Ÿ‡ต๐Ÿ‡ช Lima -77.033,-12.05 d: 16911.5  

๐Ÿ‡ต๐Ÿ‡ช Ancรณn -77.15,-11.733 d: 16907.2  

๐Ÿ‡ต๐Ÿ‡ช Villa El Salvador -77,-12.05 d: 16908.2  

๐Ÿ‡ต๐Ÿ‡ช Talara -81.267,-4.567 d: 16834.8  

๐Ÿ‡ต๐Ÿ‡ช Piura -80.633,-5.2 d: 16827.6  

Bing Map

Option 1