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Is Indore the next job hub?

Updated on November 24, 2014

Great 5's of Indore-

  • Raja Ramanna Centre for Advanced Technology (RRCAT)= It is an imperative unit of the Department of Atomic Energy, Government of India, where R&D for non-nuclear sectors like laser is done.
  • IIMs and IITs= It is the only Indian city which has both IIT and IIM.
  • Holding name in the Guinness Book of World Records= The name of Indore is included in the world record book for holding the largest tea party and for making the world's largest burger.
  • Industrial hub= There are a large number of pharma, automotive, software and food processing industries. You can easily find jobs in Indore in these sectors.
  • Great weather= The city enjoys a pleasant weather throughout the year.

Indore job market looks up

From being the land of Malwa way back in the 18th century to being home to two of the globally recognized education institutes of India: IIT and IIM; Indore is geographically situated in the most densely state of the country, Madhya Pradesh. Located around 170 km west from Bhopal, Indore is steadfastly moving on a fast lane highway to advancement! Also known as one of the largest cities in Madhya Pradesh, Indore is one of the foremost centers of education and produces more than 50,000 graduates in a year.

Some of the leading banks in Indore are

  • State Bank of India
  • Export Credit Guarantee Corporation
  • Transport Co-Operative Bank
  • Bank of Maharashtra
  • Canara Bank
  • ICICI Bank
  • Axis Bank
  • HDFC Bank
  • IndusInd Bank
  • IDBI Bank
  • Punjab National Bank
  • State Bank of Hyderabad
  • Dena Bank
  • The Saraswat Co Operative Bank

Indore has all the tempts of a metro- incredible airline connectivity to other parts of the nation, intricately designed railway lines and viable bus connectivity, making it easily accessible. The viable transport systems make it very convenient for a common man from any part of the country to visit the city at any point of time.

Fondly called the 'mini Mumbai', Indore is home to various textile firms and designer 'zari' garments'. MT Cloth Market is known for its wholesale clothes and Sitlamata Bazaar is a right place to shop for retail clothing and sarees. Its proximity to the Mumbai and Gujarat grid is the main reason behind the rising economic potential. Thanks to the enriched black soil of the Malwa Plateau, Indore has become the fourth largest centre of cotton textile industry in India. It is also acclaimed for its vivacious bangles. Popularly known as the 'food city', Indore offers great variety of delectable cuisine to satiate your taste buds.

Moreover, it is a safe place to live and work in comparison to other Indian cities. As a result, from last few years, more and more people are finding jobs in Indore. Some areas like MG Road, Palasia, are full of people even at 11'o clock in the night. In the current scenario, Indore is presenting a unique melange of the old and new artifacts, where the old heritage sites coexist with the contemporary buildings.


IIM Indore graduate grabs a lucrative salary offer of Rs 32 lakh annually

According to the spokesperson of the IIM, the highest package of Rs 32 lakh annually was offered to a student of PGP 2012-14 batch for working in India.

Indore as the 'coaching hub' of Madhya Pradesh

Apart from prestigious IIM and IIT, the city is graced by the presence of the Devi Ahilya Center for Computer and Information Technology (DACCIT). Incepted in the year 1964, DACCIT is catering divergent IT Solutions to multinational companies and eminent medical colleges like Mahatma Gandhi Memorial College. Today, it is counted as one of the most acclaimed universities in India. Not to forget the huge number of good schools affiliated to reputed boards, like CBSE, ICSE and MP Board.



Some of the famous education institutes in Indore are

 
 
 
Astral Institute of Technology & Research
International Institute of Professional Studies
Indore Institute of Technology & Management
Sri Aurobindo Institute of Technology
Indore Institute of Technology & Management
Sri Aurboindo Institute of Medical Sciences and Modern Dental College & Research Centre
Jagat Guru College of Technology
Patel College of Science & Technology
Pioneer Institute of Professional Studies
Government College of Dentistry
Devi Ahilya Vishvavidyalaya
Gujrati Devi Institute Of Professional Studies
Karimia College
 
 

Infosys to set up company's finest campus in Indore

Mr. NR Narayana Murthy, Executive Chairman, Infosys, has promised to open its campus in Indore, that would generate 5000 jobs in Indore initially. Even the state government has already allocated 130 acres of land at Super Corridor connecting airport.


Some of the leading brands generating jobs in Indore are

  • IBM India
  • Computer Sciences Corporation (CSC)
  • Premier Biosoft
  • Larsen and Toubro
  • Prestige Group
  • Hindustan Motors
  • Bajaj Tempo
  • Hindustan Motors
  • Cipla
  • Ranbaxy
  • Kinetic Honda
  • Crompton Greaves

Industrial strength

The Indore's economy gets a substantial part of its revenue from the industrial units set up here. Its central location has aroused interest of leading IT companies also and therefore, various multinational companies are based here. Pithampur, situated near Indore, is recognized as one of the largest destinations of vehicle and automotive industries in India.

Pleasant climate conditions and incentives from the government led to the visit of the major IT companies, like Infosys and TCS to the city to explore potentiality. In 2006, 'Crystal IT Park' was opened in Indore. With other cities like Delhi, Bangalore, Chennai and Mumbai reaching their saturation point of being crowded, companies are looking forward to invest a great amount in cities like Indore.


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It is indeed a boon for both the companies and people of Indore working in different IT companies in other parts of the country, away from their home. After the entrant of top-notch companies and availability of affluent prospects in their hometown, many people would prefer to come back to their nests! Also, those who might visit the city in search of a processing job opportunity, Indore would surely embrace them with both hands. From the lip smacking variety of Namkeens, Kachoris and Samosas, Indore will surely be a home away from home!

Indore as the 'business and trading capital' of MP

Home to the headquarter of the Madhya Pradesh Stock Exchange, Indore is notable for its importance in finance and trading in MP. With a bulk of its trade coming directly from manufacturing and service sectors, industries in the city range from automobile, software, retail to pharma. Touted as the 'economic nerve' of the Central India, there are a number of private and public banks in Indore, including both private & public sectors. The city has a large population of entrepreneurs with great purchasing power. It also has a high number of strongly entrenched brands along with international retailers. Also, traditional markets are slowly giving way to retail markets with the opening of new shopping malls.

Indore as one of the fastest growing Tier-II cities

The real estate sector in Indore is flourishing with the launching of new commercial and residential projects in the city. Distinguishable developers are coming with new projects in the city. Builders like Ansals, Unitech, Indiabulls, Omaxe have already launched their residential projects in the city.

The strong infrastructure is adding the value to the city's realty sector. With the remarkable initiatives taken by both government and private entities towards improvising civic amenities, Indore is all set to witness the boom in real estate sector.

Let's explore some more about the city

The financial capital of the Madhya Pradesh, Indore is situated on the plateau of Malwa on the northern side of the Vindhya Mountain range. It is the largest city in the region and therefore, it is home of various important administrative headquarters.

The city enjoys a very transitional climate, varying from the tropical dry and wet along with the humid sub-tropical atmosphere. Indore witnesses three different seasons- monsoon, winter and summer.

Usually, summers start in mid-march and that time the city becomes quite hot. At this time, recreational stuff and different water sport activities become very popular. During summers, temperature can even reach to 40 degree Celsius or above. As the city is situated on the southern portion of the plateau, known as Maldwa, a cool breeze in the night pleases the body & mind. The cool and pleasing breeze during night is fondly known as the Shab-e-Malwa.

In monsoon, temperature varies from 26 degree Celsius to 30 degree. Typically, this season starts from the last week of June. Similarly, winter season knocks in November.

Basically, Hindi, English and Marwadi are the languages spoken in the city. The name of the city is derived from the Indreshwar temple, constructed by local people in 1741. It is the preferred destination for innumerable industries due to its diversified population. Also, a number of shopping malls are opened in past few years.


How to reach?

Source
  • By Air= Devi Ahilyabai Holkar Airport is situated in Indore.
  • By Train= Well connected to major cities like Mumbai, Agra, Jabalpur, Lucknow, Bhopal, Ambala, Lucknow, Varanasi, Jammu & Kashmire, etc.
  • By Road= The national highway 3 (Bombay-Agra Road) and 59 (Indore-Ahmedabad Road) passes via Indore. Buses commute on a daily basis from Indore to other cities like Mumbai, Bhopal, etc.



Comments

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    • dhimanreena profile imageAUTHOR

      Reena Dhiman 

      3 years ago

      @Treasuresofheaven thanks for your encouraging words.

    • Treasuresofheaven profile image

      Sima Ballinger 

      4 years ago from Michigan

      Very interesting and informative hub. Indore is on the rise! Voted Up!

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