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	<title>Economy of Indore - Revision history</title>
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	<updated>2026-09-07T09:56:42Z</updated>
	<subtitle>Revision history for this page on the wiki</subtitle>
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		<id>https://en.bharatpedia.org/w/index.php?title=Economy_of_Indore&amp;diff=459035&amp;oldid=prev</id>
		<title>AAZAMAZEEM: improve structure additionally and fixed typos</title>
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		<updated>2025-05-09T02:52:09Z</updated>

		<summary type="html">&lt;p&gt;improve structure additionally and fixed typos&lt;/p&gt;
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				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;← Older revision&lt;/td&gt;
				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;Revision as of 08:22, 9 May 2025&lt;/td&gt;
				&lt;/tr&gt;&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot; id=&quot;mw-diff-left-l3&quot;&gt;Line 3:&lt;/td&gt;
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&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;{{Use dmy dates|date=May 2017}}&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;{{Use dmy dates|date=May 2017}}&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;{{Use Indian English|date=May 2017}}&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;{{Use Indian English|date=May 2017}}&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;The &#039;&#039;&#039;economy of Indore&#039;&#039;&#039; is notable for its importance in the areas of [[Trade|trading]], [[finance]] and [[Distribution (business)|distribution]] in [[Madhya Pradesh]]. &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;The &lt;/del&gt;Indore &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Metropolitan Region &lt;/del&gt;has &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;a GDP of around $40 billion &amp;lt;ref&amp;gt;{{cite web |last1=April 5 |first1=Ajit Kumar Jha |title=Mission &lt;/del&gt;Madhya Pradesh &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;|url=https://www.indiatoday.in/magazine/nation/story/20180416-madhya-pradesh-shivraj-singh-chouhan-india-today-state-&lt;/del&gt;of&lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;-states-conclave-1206280-2018-04-05 |website=India Today |publisher=India Today |access-date=30 August 2021 |language=en}}&amp;lt;/ref&amp;gt; The Indore Metropolitan Region includes &lt;/del&gt;the &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;satellite towns of &lt;/del&gt;[[Pithampur]] &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Industrial Belt&lt;/del&gt;, [[&lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Rau&lt;/del&gt;]] &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;and &lt;/del&gt;[[&lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Mhow&lt;/del&gt;]]&lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;.  &lt;/del&gt;[[&lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Indore&lt;/del&gt;]] &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;has the largest economy &lt;/del&gt;in &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;central India and is the business and trading capital of the state&lt;/del&gt;. Located at the crossroads of western and central India, Indore has relatively good connectivity and has been the hub of trade and commerce, not only for the state but also for western India. Cotton textiles are the city&#039;s major product, but iron and steel, chemicals, and machinery are also manufactured there. The textile industry is in decline and is being replaced by a variety of new manufacturing industries. Still it is &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;the &lt;/del&gt;one of the largest textile &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;industry &lt;/del&gt;in India. Old-time industries which flourished in Indore were handloom, hand dyeing, manufacture of niwar, oil extraction by ghani, manufacture of bamboo mats, baskets, metal utensils, embossing and engraving of gold and silver ornaments, shellac industry, etc. Ayurvedic and Unani medicines from roots and herbs were manufactured under state patronage. Indore has one of the largest trans-shipment centers for truck transport.&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;The &#039;&#039;&#039;economy of Indore&#039;&#039;&#039; is notable for its importance in the areas of [[Trade|trading]], [[finance]] and [[Distribution (business)|distribution]] in [[Madhya Pradesh]]. &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Indore&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;has &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;the largest economy in [[&lt;/ins&gt;Madhya Pradesh&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] and is the business and trading capital &lt;/ins&gt;of the &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;state. &lt;/ins&gt;[[Pithampur&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;|Pithampur Industrial Area&lt;/ins&gt;]], &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;near &lt;/ins&gt;[[&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Indore&lt;/ins&gt;]] &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;houses more than 1200 industrial units. &lt;/ins&gt;[[&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Pithampur&lt;/ins&gt;]] &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;is a part of Indore &lt;/ins&gt;[[&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Metropolitan area|Metropolitan Region&lt;/ins&gt;]]&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;, though its economic contributions are not accounted &lt;/ins&gt;in &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Indore District&lt;/ins&gt;. Located at the crossroads of western and central India, Indore has relatively good connectivity and has been the hub of trade and commerce, not only for the state but also for &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;western India&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;. &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[Cotton|&lt;/ins&gt;Cotton textiles&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;are the city&#039;s major product, but &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;iron&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;and &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;steel&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;, &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[Chemical industry|&lt;/ins&gt;chemicals&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;, and &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[Machine|&lt;/ins&gt;machinery&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;are also manufactured there. The &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;textile industry&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;is in decline and is being replaced by a variety of new manufacturing industries. Still it is one of the largest textile &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;industries &lt;/ins&gt;in India. Old-time industries which flourished in Indore were &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[Loom|&lt;/ins&gt;handloom&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;, &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[Dyeing|&lt;/ins&gt;hand dyeing&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;, manufacture of &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[Niwar (cotton tape)|&lt;/ins&gt;niwar&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;, oil extraction by ghani, manufacture of bamboo mats, baskets, metal utensils, embossing and engraving of &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;gold&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;and &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;silver&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;ornaments, shellac industry, etc. Ayurvedic and Unani medicines from roots and herbs were manufactured under state patronage. &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Indore&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;has one of the largest trans-shipment centers for truck transport.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;Apart from textile industry, Indore has oil seed extraction industry, confectionery, paper and straw board, factories for asbestos products, RCC pipes and poles, machine tools and accessories, electrical machinery and appliances, electronics goods, bicycles and ready-made garments. Indore accounts for about one third of the total ‘namkeen’ (variety of gram flour snacks) production of India. Due to its trade and industry, the residents of the city refer Indore as Mini Bombay.&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;Apart from textile industry, Indore has oil seed extraction industry, confectionery, paper and straw board, factories for asbestos products, RCC pipes and poles, machine tools and accessories, electrical machinery and appliances, electronics goods, bicycles and ready-made garments. Indore accounts for about one third of the total ‘namkeen’ (variety of gram flour snacks) production of India. Due to its trade and industry, the residents of the city refer Indore as Mini Bombay.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;Indore Urban Agglomeration had estimated 3.30-lakh workers in 1991. The workforce increased from a size of 1.13 lakh in 1961 recording an average annual growth rate of 3.64% per annum during 1961–1991. The workforce participation rate was 28.9% in 1991 and 30% in 2001. It remained almost static between 1981 and 1991 in percentage terms. The maximum growth (68.6%) took place during the decade 1971-1981 followed (51.2%) during 1981–2001.&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Indore&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;Urban Agglomeration had estimated 3.30-lakh workers in 1991. The workforce increased from a size of 1.13 lakh in 1961 recording an average annual growth rate of 3.64% per annum during 1961–1991. The workforce participation rate was 28.9% in 1991 and 30% in 2001. It remained almost static between 1981 and 1991 in percentage terms. The maximum growth (68.6%) took place during the decade 1971-1981 followed (51.2%) during 1981–2001.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;Indore&#039;s CBD is the largest in state and also has plenty of surrounding commercial areas which are considered part of Indore. A notable one is [[Pithampur]], which is also known as the Detroit of &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;India&lt;/del&gt;.&amp;lt;ref&amp;gt;{{cite news|url=http://www.expressindia.com/news/fe/daily/19980104/00455324.html|title=Pithampur small enterprises tell a tale of untapped potential|last=Tiwary|first=Santosh|date=1998-04-01|work=The Indian Express|location=India|accessdate=1 September 2009|url-status=dead|archiveurl=https://web.archive.org/web/20120121062439/http://www.expressindia.com/news/fe/daily/19980104/00455324.html|archivedate=21 January 2012|df=dmy-all}}&amp;lt;/ref&amp;gt;&amp;lt;ref&amp;gt;{{cite news|url=http://www.business-standard.com/india/storypage.php?autono=153051|title=Pithampur units face bleak future|last=Trivedi |first=Shashikant |date=9 July 2004|publisher=[[Business Standard]]|accessdate=1 September 2009}}&amp;lt;/ref&amp;gt;&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;Indore&#039;s CBD is the largest in state and also has plenty of surrounding commercial areas which are considered part of Indore. A notable one is [[Pithampur]], which is also known as the Detroit of &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Madhya Pradesh&lt;/ins&gt;.&amp;lt;ref&amp;gt;{{cite news|url=http://www.expressindia.com/news/fe/daily/19980104/00455324.html|title=Pithampur small enterprises tell a tale of untapped potential|last=Tiwary|first=Santosh|date=1998-04-01|work=The Indian Express|location=India|accessdate=1 September 2009|url-status=dead|archiveurl=https://web.archive.org/web/20120121062439/http://www.expressindia.com/news/fe/daily/19980104/00455324.html|archivedate=21 January 2012|df=dmy-all}}&amp;lt;/ref&amp;gt;&amp;lt;ref&amp;gt;{{cite news|url=http://www.business-standard.com/india/storypage.php?autono=153051|title=Pithampur units face bleak future|last=Trivedi |first=Shashikant |date=9 July 2004|publisher=[[Business Standard]]|accessdate=1 September 2009}}&amp;lt;/ref&amp;gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;Indore city extends over the [[Vijay Nagar, Indore|Vijay Nagar]], forming East Indore, a continuation of the CBD. Indore has a large economy; however it tends to have a high vacancy rate. Just a few kilometres north of [[Vijay Nagar, Indore|Vijay Nagar]]. Indore economy is expanding in all directions and it includes both the traditional agro industries and modern corporate and IT companies. One of the busiest cities of Madhya Pradesh, Indore is the economic nerve center of the state. With the flourishing of Indore economy, a number of management and engineering schools have been opened in Indore in order to supply the growing demand of professionals.&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;Indore city extends over the [[Vijay Nagar, Indore|Vijay Nagar]], forming East Indore, a continuation of the CBD. &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Indore&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;has a large economy; however it tends to have a high vacancy rate. Just a few kilometres north of [[Vijay Nagar, Indore|Vijay Nagar]]. Indore economy is expanding in all directions and it includes both the traditional agro industries and modern corporate and IT companies. One of the busiest cities of Madhya Pradesh, Indore is the economic nerve center of the state. With the flourishing of Indore economy, a number of management and engineering schools have been opened in Indore in order to supply the growing demand of professionals.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;== Financial centre ==&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;== Financial centre ==&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot; id=&quot;mw-diff-left-l17&quot;&gt;Line 17:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 17:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;== Banking industry ==&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;== Banking industry ==&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;Indore is the economic nerve center of Central India and therefore banks in Indore also enjoy a certain degree of importance. The banks in Indore plays a number of roles and the presence of a number of industries in Indore has raised the level of capital investments in the banks. Proportionate to the economic importance of Indore there are a number of banks in Indore which includes both public sector Indore banks and private sector &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Indore banks.&lt;/del&gt;&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Indore&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;is the economic nerve center of &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Central India&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;and therefore banks in &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Indore&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;also enjoy a certain degree of importance. The banks in Indore plays a number of roles and the presence of a number of industries in Indore has raised the level of capital investments in the banks. Proportionate to the economic importance of Indore there are a number of &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[Bank|&lt;/ins&gt;banks&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;in Indore which includes both &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;public sector&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;Indore banks and &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;private sector]] Indore &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;banks&lt;/ins&gt;.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt; &lt;/div&gt;&lt;/td&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-side-added&quot;&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;The [[State Bank of Indore&lt;/del&gt;]] &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;now [[State Bank of India]]&amp;lt;ref&amp;gt;[http://www.business-standard.com/india/storypage.php?autono=372687]&amp;lt;/ref&amp;gt; is the most important bank in &lt;/del&gt;Indore. &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Earlier known as the Bank of Indore Ltd, this bank in Indore was a subsidiary body of the State Bank of India. The State Bank of Indore covered a wide range of activities of investments and deposits. Besides the SBI there are a number of other public sector banks in Indore, some major banks include:&lt;/del&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-side-added&quot;&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-side-deleted&quot;&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;The [[State Bank of Indore]] now [[State Bank of India]]&amp;lt;ref&amp;gt;{{Cite news|url=http://www.business-standard.com/india/storypage.php?autono=372687|title=Latest News|newspaper=Business Standard India}}&amp;lt;/ref&amp;gt; is the most important bank in Indore. Earlier known as the Bank of Indore Ltd, this bank in Indore was a subsidiary body of the State Bank of India. The State Bank of Indore covered a wide range of activities of investments and deposits. Besides the SBI there are a number of other public sector banks in Indore, some major banks include:&lt;/ins&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-side-deleted&quot;&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;* Bank of India&lt;/ins&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Export Credit Guarantee Corporation&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Export Credit Guarantee Corporation&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Hindu Nagrik Co-Operative Bank&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Hindu Nagrik Co-Operative Bank&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot; id=&quot;mw-diff-left-l27&quot;&gt;Line 27:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 27:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Union Bank of India]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Union Bank of India]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Vidhya Sagar Sahakari Sansthan&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Vidhya Sagar Sahakari Sansthan&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/del&gt;Bank &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Of &lt;/del&gt;Maharashtra&lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/del&gt;&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Bank &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;of &lt;/ins&gt;Maharashtra&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Canara Bank]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Canara Bank]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Dena Bank]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Dena Bank]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot; id=&quot;mw-diff-left-l41&quot;&gt;Line 41:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 41:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;==Industries==&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;==Industries==&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;A major component of the Indore economy, industries in Indore contribute a considerable amount of revenue. The city has emerged as a major industrial center of the state of Madhya Pradesh.&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;A major component of the Indore &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[Economy of India|&lt;/ins&gt;economy&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;, industries in &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Indore&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;contribute a considerable amount of revenue. The city has emerged as a major industrial center of the state of &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Madhya Pradesh&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;Pithampur near Indore is one of the largest hubs of vehicle and automobile industries in India. Well known industrial houses have opened factories and plants in Indore. Some of the most important Indore industries are :&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Pithampur&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;near Indore is one of the largest hubs of vehicle and automobile industries in India. Well known industrial houses have opened factories and plants in Indore. Some of the most important Indore industries are :&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Kinetic Honda]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Kinetic Honda]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot; id=&quot;mw-diff-left-l63&quot;&gt;Line 63:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 63:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;==Investments==&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;==Investments==&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Pune-based Indian multinational Bharat Forge Limited company eyeing customers based in Pithampur, is all set to open its unit in Indore region. The company plans to start first phase of its manufacturing unit in Betma with an estimated cost of `150 crore on 68 &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;acre &lt;/del&gt;of land by 2014. They envisage to increase the investment to `1000 crore by 2016.&amp;lt;ref&amp;gt;{{cite news |url=http://daily.bhaskar.com/article/MP-IND-bharat-forge-limited-ready-to-set-up-shop-in-indore-3216561.html |date=5 May 2012|publisher=[[Dainik Bhaskar]] | title = Bharat Forge Limited ready to set up shop in Indore }}&amp;lt;/ref&amp;gt;&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Pune&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;-based Indian multinational Bharat Forge Limited company eyeing customers based in &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Pithampur&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]]&lt;/ins&gt;, is all set to open its unit in &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;the &lt;/ins&gt;Indore region. The company plans to start &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;the &lt;/ins&gt;first phase of its manufacturing unit in &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;[[&lt;/ins&gt;Betma&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;]] &lt;/ins&gt;with an estimated cost of `150 crore on 68 &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;acres &lt;/ins&gt;of land by 2014. They envisage to increase the investment to `1000 crore by 2016.&amp;lt;ref&amp;gt;{{cite news |url=http://daily.bhaskar.com/article/MP-IND-bharat-forge-limited-ready-to-set-up-shop-in-indore-3216561.html &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;|archive-url=https://web.archive.org/web/20120519014904/http://daily.bhaskar.com/article/MP-IND-bharat-forge-limited-ready-to-set-up-shop-in-indore-3216561.html |url-status=dead |archive-date=19 May 2012 &lt;/ins&gt;|date=5 May 2012|publisher=[[Dainik Bhaskar]] | title = Bharat Forge Limited ready to set up shop in Indore }}&amp;lt;/ref&amp;gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Several IT services companies have presence in Indore: these include, [[IBM India]],&amp;lt;ref&amp;gt;{{cite web|title=&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* Several IT services companies have &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;a &lt;/ins&gt;presence in Indore: these include, [[IBM India]],&amp;lt;ref&amp;gt;{{cite web|title=IBM Opens Branch In Indore|url=http://www.crn.in/ITChannel-001Nov011-IBM-Opens-Branch-In-Indore.aspx|publisher=CRN Network |accessdate=1 November 2011}}&amp;lt;/ref&amp;gt; [[Computer Sciences Corporation]], [[YASH Technologies]], Impetus, [[Cyber Infrastructure]] and Premier Biosoft.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;IBM Opens Branch In Indore|url=http://www.crn.in/ITChannel-001Nov011-IBM-Opens-Branch-In-Indore.aspx|publisher=CRN Network |accessdate=1 November 2011}}&amp;lt;/ref&amp;gt; [[Computer Sciences Corporation]], [[YASH Technologies]], Impetus, [[Cyber Infrastructure]] and Premier Biosoft.&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Infosys]] is setting up &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;a &lt;/ins&gt;new development &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;center &lt;/ins&gt;at Indore at an investment of Rs 100 crore in phase one at &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;the &lt;/ins&gt;super corridor.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Infosys]] is setting up new development &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;centre &lt;/del&gt;at Indore at an investment of Rs 100 crore in phase one at super corridor.&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Tata Consultancy Services]] and [[Collabera]] also announced their plans to open campuses in Indore. &lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;The government &lt;/ins&gt;of MP has also done the land allotment.&amp;lt;ref&amp;gt;{{cite web|title=TCS Indore campus|url=http://daily.bhaskar.com/article/MP-IND-tcs-indore-campus-gathers-momentum-three-quarters-land-acquired-2238693.html&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;|archive-url=https://web.archive.org/web/20110709151137/http://daily.bhaskar.com/article/MP-IND-tcs-indore-campus-gathers-momentum-three-quarters-land-acquired-2238693.html|url-status=dead|archive-date=9 July 2011&lt;/ins&gt;|publisher=Dainik Bhaskar|accessdate=11 July 2011}}&amp;lt;/ref&amp;gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[Tata Consultancy Services]] and [[Collabera]] also announced their plans to open campuses in Indore. &lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;Government &lt;/del&gt;of MP has also done the land allotment.&amp;lt;ref&amp;gt;{{cite web|title=TCS Indore campus|url=http://daily.bhaskar.com/article/MP-IND-tcs-indore-campus-gathers-momentum-three-quarters-land-acquired-2238693.html|publisher=Dainik Bhaskar|accessdate=11 July 2011}}&amp;lt;/ref&amp;gt;&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;* Accenture, [[LTIMindtree]], and [[Nagarro SE|Nagarro]] also setup their offices in Vijay Nagar, Indore.&lt;/ins&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;==See also==&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;==See also==&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</summary>
		<author><name>AAZAMAZEEM</name></author>
	</entry>
	<entry>
		<id>https://en.bharatpedia.org/w/index.php?title=Economy_of_Indore&amp;diff=201060&amp;oldid=prev</id>
		<title>&gt;Wowcontributer at 07:05, 19 September 2021</title>
		<link rel="alternate" type="text/html" href="https://en.bharatpedia.org/w/index.php?title=Economy_of_Indore&amp;diff=201060&amp;oldid=prev"/>
		<updated>2021-09-19T07:05:40Z</updated>

		<summary type="html">&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&lt;b&gt;New page&lt;/b&gt;&lt;/p&gt;&lt;div&gt;[[File:Indore Skyline (11792762613).jpg|thumb|The skyline of [[Indore]].]]&lt;br /&gt;
[[File:Kasturbagram Rural Institute, Indore office.jpg|thumb|Kasturbagram Rural Institute, Indore office]]&lt;br /&gt;
{{Use dmy dates|date=May 2017}}&lt;br /&gt;
{{Use Indian English|date=May 2017}}&lt;br /&gt;
The &amp;#039;&amp;#039;&amp;#039;economy of Indore&amp;#039;&amp;#039;&amp;#039; is notable for its importance in the areas of [[Trade|trading]], [[finance]] and [[Distribution (business)|distribution]] in [[Madhya Pradesh]]. The Indore Metropolitan Region has a GDP of around $40 billion &amp;lt;ref&amp;gt;{{cite web |last1=April 5 |first1=Ajit Kumar Jha |title=Mission Madhya Pradesh |url=https://www.indiatoday.in/magazine/nation/story/20180416-madhya-pradesh-shivraj-singh-chouhan-india-today-state-of-states-conclave-1206280-2018-04-05 |website=India Today |publisher=India Today |access-date=30 August 2021 |language=en}}&amp;lt;/ref&amp;gt; The Indore Metropolitan Region includes the satellite towns of [[Pithampur]] Industrial Belt, [[Rau]] and [[Mhow]].  [[Indore]] has the largest economy in central India and is the business and trading capital of the state. Located at the crossroads of western and central India, Indore has relatively good connectivity and has been the hub of trade and commerce, not only for the state but also for western India. Cotton textiles are the city&amp;#039;s major product, but iron and steel, chemicals, and machinery are also manufactured there. The textile industry is in decline and is being replaced by a variety of new manufacturing industries. Still it is the one of the largest textile industry in India. Old-time industries which flourished in Indore were handloom, hand dyeing, manufacture of niwar, oil extraction by ghani, manufacture of bamboo mats, baskets, metal utensils, embossing and engraving of gold and silver ornaments, shellac industry, etc. Ayurvedic and Unani medicines from roots and herbs were manufactured under state patronage. Indore has one of the largest trans-shipment centers for truck transport.&lt;br /&gt;
&lt;br /&gt;
Apart from textile industry, Indore has oil seed extraction industry, confectionery, paper and straw board, factories for asbestos products, RCC pipes and poles, machine tools and accessories, electrical machinery and appliances, electronics goods, bicycles and ready-made garments. Indore accounts for about one third of the total ‘namkeen’ (variety of gram flour snacks) production of India. Due to its trade and industry, the residents of the city refer Indore as Mini Bombay.&lt;br /&gt;
&lt;br /&gt;
Indore Urban Agglomeration had estimated 3.30-lakh workers in 1991. The workforce increased from a size of 1.13 lakh in 1961 recording an average annual growth rate of 3.64% per annum during 1961–1991. The workforce participation rate was 28.9% in 1991 and 30% in 2001. It remained almost static between 1981 and 1991 in percentage terms. The maximum growth (68.6%) took place during the decade 1971-1981 followed (51.2%) during 1981–2001.&lt;br /&gt;
&lt;br /&gt;
Indore&amp;#039;s CBD is the largest in state and also has plenty of surrounding commercial areas which are considered part of Indore. A notable one is [[Pithampur]], which is also known as the Detroit of India.&amp;lt;ref&amp;gt;{{cite news|url=http://www.expressindia.com/news/fe/daily/19980104/00455324.html|title=Pithampur small enterprises tell a tale of untapped potential|last=Tiwary|first=Santosh|date=1998-04-01|work=The Indian Express|location=India|accessdate=1 September 2009|url-status=dead|archiveurl=https://web.archive.org/web/20120121062439/http://www.expressindia.com/news/fe/daily/19980104/00455324.html|archivedate=21 January 2012|df=dmy-all}}&amp;lt;/ref&amp;gt;&amp;lt;ref&amp;gt;{{cite news|url=http://www.business-standard.com/india/storypage.php?autono=153051|title=Pithampur units face bleak future|last=Trivedi |first=Shashikant |date=9 July 2004|publisher=[[Business Standard]]|accessdate=1 September 2009}}&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Indore city extends over the [[Vijay Nagar, Indore|Vijay Nagar]], forming East Indore, a continuation of the CBD. Indore has a large economy; however it tends to have a high vacancy rate. Just a few kilometres north of [[Vijay Nagar, Indore|Vijay Nagar]]. Indore economy is expanding in all directions and it includes both the traditional agro industries and modern corporate and IT companies. One of the busiest cities of Madhya Pradesh, Indore is the economic nerve center of the state. With the flourishing of Indore economy, a number of management and engineering schools have been opened in Indore in order to supply the growing demand of professionals.&lt;br /&gt;
&lt;br /&gt;
== Financial centre ==&lt;br /&gt;
Indore is well established as the corporate and financial capital of central India. It is also an important financial centre in the [[Delhi Mumbai Industrial Corridor Project|Delhi Mumbai Industrial Corridor]].&amp;lt;ref&amp;gt;{{cite news|url=http://delhimumbaiindustrialcorridor.com/investment-potential-in-madhya-pradesh.php|title=Investment Potential in Madhya Pradesh|publisher=DMIC|access-date=26 November 2012|archive-url=https://web.archive.org/web/20130116003712/http://www.delhimumbaiindustrialcorridor.com/investment-potential-in-madhya-pradesh.php|archive-date=16 January 2013|url-status=dead}}&amp;lt;/ref&amp;gt; The city is home to the headquarters of the [[Madhya Pradesh Stock Exchange]] and also serves as the regional headquarters for numerous multinational corporations. With a bulk of its trade coming from small-, mid- and large-scale manufacturing &amp;amp; service industries, Indore&amp;#039;s function as the state&amp;#039;s commercial capital, its economic base and population size have created development opportunities for many other businesses oriented to local or more diversified markets. Industries in Indore include automobile, pharmaceutical, software, retail, textile trading and real estate. The city hosts the [[Global Investors Summit, Indore|Global Investors&amp;#039; Summit]] which attracts investors from 21 countries, including the [[US]], [[Australia]], [[Japan]], [[Singapore]], the [[UK]], [[Germany]] and [[Finland]].&lt;br /&gt;
&lt;br /&gt;
== Banking industry ==&lt;br /&gt;
Indore is the economic nerve center of Central India and therefore banks in Indore also enjoy a certain degree of importance. The banks in Indore plays a number of roles and the presence of a number of industries in Indore has raised the level of capital investments in the banks. Proportionate to the economic importance of Indore there are a number of banks in Indore which includes both public sector Indore banks and private sector Indore banks.&lt;br /&gt;
&lt;br /&gt;
The [[State Bank of Indore]] now [[State Bank of India]]&amp;lt;ref&amp;gt;[http://www.business-standard.com/india/storypage.php?autono=372687]&amp;lt;/ref&amp;gt; is the most important bank in Indore. Earlier known as the Bank of Indore Ltd, this bank in Indore was a subsidiary body of the State Bank of India. The State Bank of Indore covered a wide range of activities of investments and deposits. Besides the SBI there are a number of other public sector banks in Indore, some major banks include:&lt;br /&gt;
&lt;br /&gt;
* Export Credit Guarantee Corporation&lt;br /&gt;
* Hindu Nagrik Co-Operative Bank&lt;br /&gt;
* The Saraswat Co Operative Bank&lt;br /&gt;
* Transport Co-Operative Bank&lt;br /&gt;
* [[Union Bank of India]]&lt;br /&gt;
* Vidhya Sagar Sahakari Sansthan&lt;br /&gt;
* [[Bank Of Maharashtra]]&lt;br /&gt;
* [[Canara Bank]]&lt;br /&gt;
* [[Dena Bank]]&lt;br /&gt;
* [[Punjab National Bank]]&lt;br /&gt;
* [[State Bank of Hyderabad]]&lt;br /&gt;
&lt;br /&gt;
Apart from the public sector banks there are a number of private sector banks in Indore who are also an integral part of the banking system in Indore. The most popular private sector banks in Indore include:&lt;br /&gt;
* [[IndusInd Bank]]&lt;br /&gt;
* [[ICICI Bank]]&lt;br /&gt;
* [[HDFC Bank]]&lt;br /&gt;
* [[IDBI Bank]]&lt;br /&gt;
* [[AXIS Bank]]&lt;br /&gt;
&lt;br /&gt;
==Industries==&lt;br /&gt;
A major component of the Indore economy, industries in Indore contribute a considerable amount of revenue. The city has emerged as a major industrial center of the state of Madhya Pradesh.&lt;br /&gt;
&lt;br /&gt;
Pithampur near Indore is one of the largest hubs of vehicle and automobile industries in India. Well known industrial houses have opened factories and plants in Indore. Some of the most important Indore industries are :&lt;br /&gt;
&lt;br /&gt;
* [[Kinetic Honda]]&lt;br /&gt;
* [[Onida Electronics|Onida Saka]]&lt;br /&gt;
* [[Prestige Group]]&lt;br /&gt;
* [[Bajaj Tempo]]&lt;br /&gt;
* [[Bridgestone]]&lt;br /&gt;
* [[Eicher Motors]]&lt;br /&gt;
* [[Larsen &amp;amp; Toubro]]&lt;br /&gt;
* [[Hindustan Motors]]&lt;br /&gt;
* [[Crompton Greaves]]&lt;br /&gt;
* [[Cipla]]&lt;br /&gt;
* [[Piramal Healthcare]]&lt;br /&gt;
* [[Ranbaxy Laboratories]]&lt;br /&gt;
* RackBank Datacenters&lt;br /&gt;
* Dinclix GroundWorks&lt;br /&gt;
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The [[Raja Ramanna Centre for Advanced Technology]] has been established in Indore to bolster technological research and advancement.&lt;br /&gt;
&lt;br /&gt;
==Investments==&lt;br /&gt;
* Pune-based Indian multinational Bharat Forge Limited company eyeing customers based in Pithampur, is all set to open its unit in Indore region. The company plans to start first phase of its manufacturing unit in Betma with an estimated cost of `150 crore on 68 acre of land by 2014. They envisage to increase the investment to `1000 crore by 2016.&amp;lt;ref&amp;gt;{{cite news |url=http://daily.bhaskar.com/article/MP-IND-bharat-forge-limited-ready-to-set-up-shop-in-indore-3216561.html |date=5 May 2012|publisher=[[Dainik Bhaskar]] | title = Bharat Forge Limited ready to set up shop in Indore }}&amp;lt;/ref&amp;gt;&lt;br /&gt;
* Several IT services companies have presence in Indore: these include, [[IBM India]],&amp;lt;ref&amp;gt;{{cite web|title=&lt;br /&gt;
IBM Opens Branch In Indore|url=http://www.crn.in/ITChannel-001Nov011-IBM-Opens-Branch-In-Indore.aspx|publisher=CRN Network |accessdate=1 November 2011}}&amp;lt;/ref&amp;gt; [[Computer Sciences Corporation]], [[YASH Technologies]], Impetus, [[Cyber Infrastructure]] and Premier Biosoft.&lt;br /&gt;
* [[Infosys]] is setting up new development centre at Indore at an investment of Rs 100 crore in phase one at super corridor.&lt;br /&gt;
* [[Tata Consultancy Services]] and [[Collabera]] also announced their plans to open campuses in Indore. Government of MP has also done the land allotment.&amp;lt;ref&amp;gt;{{cite web|title=TCS Indore campus|url=http://daily.bhaskar.com/article/MP-IND-tcs-indore-campus-gathers-momentum-three-quarters-land-acquired-2238693.html|publisher=Dainik Bhaskar|accessdate=11 July 2011}}&amp;lt;/ref&amp;gt;&lt;br /&gt;
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==See also==&lt;br /&gt;
*[[Economy of Madhya Pradesh]]&lt;br /&gt;
*[[Madhya Pradesh Stock Exchange]]&lt;br /&gt;
*[[Global Investors Summit, Indore|Global Investors&amp;#039; Summit]]&lt;br /&gt;
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==References==&lt;br /&gt;
{{Reflist}}&lt;br /&gt;
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{{Neighbourhoods of Indore}}&lt;br /&gt;
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{{DEFAULTSORT:Economy Of Indore}}&lt;br /&gt;
[[Category:Economy of Indore| ]]&lt;/div&gt;</summary>
		<author><name>&gt;Wowcontributer</name></author>
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