Mittal Appliances Limited planning to set up Copper Alloys Project in Madhya Pradesh

Mittal Appliances Limited intends to establish a new copper alloys plant at Bagdoon, Dhar, Madhya Pradesh. The project is projected to cost roughly 15 crores, with a total area of 4,151.000 square meters. The company intends to manufacture copper alloys such as brass, bronze, and copper-nickel. The project is scheduled to be finished by 2025. The state government of Madhya Pradesh has been encouraging the construction of metal parks in the state. Because of its proximity to the National Highway 7 and the Dhar airport, the state government has picked Bagdoon as a good location for the park.

 The park is anticipated to attract investment from additional metal industries and aid in the expansion of metal industry in Madhya Pradesh. Metal parks are part of the government's ambition to make India a self-sufficient metal production powerhouse. The government has also offered incentives to metal businesses interested in establishing production plants in India. These initiatives are expected to assist increase metal output in India and lessen the country's reliance on imports. Here are some of the benefits of setting up a metal park in Madhya Pradesh: Proximity to National Highway 7 and Dhar airport Availability of skilled manpower Government support and incentives Competitive land prices Good infrastructure

As of September 2023, The project is currently in the stage of being approved currently awaiting approval from the government.

News by Rahul Yeligetti