Indore is the largest city in Madhya Pradesh and also the commercial capital of the state. Indore is on the path of speedy growth pattern and this pattern was mainly came through focused Industrial policies path, Infrastructure development and growth. This creates the better atmosphere for Investment and get on improving the living standard and education standard. To attract more investor globally and domestically the state organize Global Investor Summit to attract the Investors domestically. Next Global Investor Summit in Indore is scheduled on 8th to 10th October 2014.
Indore becomes the major attractive city for Industries. Major industrial areas are surrounding the city Pithampur, Indore Special Economic Zone(around 3000 acre), Sanwer Industrial belt(1000 acre),LaxmiBai Nagar, Rau, Bhagirathpura, Kali Billod, Ranmal Billod, Shivaji nagar Bhindikho, Hatod, IT Parks – Crystal IT Park(5.5 lakh square feet), IT Park Pardeshipura(1 lakh square feet), Electronic Complex, Individual SEZ such as TCS SEZ, Infosys SEZ, Impetus SEZ,etc., Diamond Park,Gems and Jewellery Park, Food Park, Apparel Park, Namkeen Cluster and Pharma Cluster.
The Pithampur Industrial area consist of production plant of various pharmaceutical companies like Ipca Laboratories, Cipla, Lupin, Glenmark and Unichem. Other well known companies are automobile companies like Force Motors, Volvo Eicher commercial, Avtec, Mahindra two wheelers Ltd etc. This makes the Pithampur to be concieve as the Detroit of India. Detroit is well known city of USA for automobile manufacturing.
The Major Industrial Sector of the city are real estates, textile trading, automobile, pharmaceutical, software and retail. In education sector also Indore is performing well among the top metropolitan cities. Indore is only city which is having both of top deemed Institutes of India, Indian Institute of Management (IIM) and Indian Institute Technology IIT.
Salaries of Professionals and Degree holders
Senior Software Engineers are paid the handsome amount of salaries in Indore. Area sales manager are also paid well. There are some median salary packages given to analyse the salaries in Indore.
Median Salaries of Professionals
| Job | Salary |
|---|---|
| Software Engineer | Rs. 210000 |
| Software Developer | Rs. 234000 |
| PHP Developer | Rs. 124000 |
| Human Resource Manager | Rs. 360000 |
| Senior Software Engineers | Rs. 390000 |
| Accountant | Rs. 175000 |
| Area Sales Manager | Rs. 450000 |
Other Professionals and Degree holder
Talking about the Degree holder with experience of 0-2 year, MBA in HR are enjoying the best salaries in Indore. Bachelor in Engineering degree holder are paid the handsome salaries. There are some salaries of degree holder having experience of 0-2 year given below.
Salaries of Degree holders
| Job | Salary |
|---|---|
| Bachelor's Degree | Rs 125000 – Rs 970000 |
| MBA | Rs 135000 – Rs 940000 |
| Bachelor of Engineering Mechanical Engineering (ME) | Rs 120000 – Rs 1000000 |
| Master of Business Administration (MBA) Finance | Rs 85000 – Rs 722000 |
| MBA in Human Resources | Rs 109477 – Rs 2000000 |
| MBA in Marketing & Management | Rs 300000 – Rs 885000 |
| MCA Applications Development | Rs 200000 – Rs 490000 |
| BTech Electrical Engineering EE | Rs 470000 – Rs 600000 |
| Bachelor of Engineering (BEng / BE) Civil Engineering (CE) | Rs 232000 – Rs 1650000 |
IIM’s and IIT’s Offering
Both IIM and IIT are the reputed Institutes. Talking about the IIM, this year the highest package of IIM by domestic company was Rs. 32 lakh and that too by the IIM Indore. This year total number of recruiting companies are 152 in IIM Indore and they recruit 475 student. The average annual package offering is Rs. 12 – Rs. 13 lakh. Maximum number of jobs are offered in sales and marketing line which consist around 26% of the total recruiter and 24% of the total recruitment absorb by consulting firms. IIT Indore got the highest package of Rs 63 lakh this year, where average annual packages are Rs. 8- Rs. 9 lakh.
