By virtue of its population and role as the administrative center for business, Indore dominates the Central Indian economy. With a bulk of its trade coming from Small, Mid and Large scale manufacturing & service industries, Indore’s function as the State’s commercial capital, its economic base and population size have also created development opportunities for many other businesses oriented to local or more diversified markets. Industries in Indore range from Automobile to Pharmaceutical and from Software to Retail and from Textile trading to Real estate. The city also host prestigious Global Investors' Summit which attract investors from 21 countries, including the US, Australia, Japan, Singapore, the UK, Germany and Finland.
Madhya Pradesh Stock Exchange (MPSE) originally set up in 1919 is the only exchange in Central India and the third oldest stock exchange in India is located in Indore an now theNational Stock Exchange (NSE) established an Investor Service Center in the city. Industrial employment influenced the economic geography of Indore. After 1956 merger, Indore experienced suburban expansion aided by high levels of car ownership. Workforce decentralization and transport improvements made it possible for the establishment of small-scale manufacturing in the suburbs. Many firms took advantage of relatively cheap land to build spacious, single-storey plants in suburban locations where parking, access and traffic congestion were minimal.
Major industrial areas surrounding the city include the Pithampur Special Economic Zone and the Sanwer Industrial belt. Pithampur is also known as the Detroit of India.Pithampur industrial area houses many production plants of various Pharmaceutical companies like Ipca Laboratories, Cipla, Lupin, Glenmark, Unichem and big auto companies prominent among these are Force Motors, Volvo Eicher commercial, Avtec, Mahindra 2 wheelers Ltd.
While the Textile manufacturing and Trading is the oldest
