IIM Indore Signs MoU With Madhya Pradesh Govt To Develop Ecosystem Of Businesses

Indore: Madhya Pradesh Industrial Development Corporation (MPIDC) and the Indian Institute of Management (IIM), Indore signed a Memorandum of Understanding (MoU) on Friday to develop an ecosystem of businesses in the state.

MPIDC chairman Sanjay Kumar Shukla and IIM Indore director Professor Himanshu Rai signed on the dotted lines.

“We have signed an MoU with Madhya Pradesh Industrial Development Corporation. We will study the impact of Madhya Pradesh’s existing industrial project and special economic zones, and what can be done to strengthen it,” Rai was quoted as saying by news agency ANI.

Rai said that Madhya Pradesh lags behind in branding and they will work for re-branding of self-reliant and prosperous state. “Apart from this, we will work on an industrial promotion policy. IIM will provide training if required. No fees will be charged and MPIDC will bear the expenses,” Rai was quoted as saying by the agency.

According to MPIDC Principal Secretary Sanjay Shukla, MPIDC and IIM Indore will join hands to generate employment and increase economic activities.

“After the coronavirus outbreak, we come up with a thought of going ahead with a new approach. We were dependent on China and other countries for medicines and equipment. We are now taking new steps along with a new policy while keeping previous policies in our mind,” he added.

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