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M.P. State Industrial Development Corporation Ltd. (MPSIDC) formerly known as M.P. Audyogik Vikas Nigam (MPAVN) started its operations in 1965 primarily to augment industrial growth in Madhya Pradesh by providing financial assistance and subsequently in 1981 the state government assigned infrastructure development work to it.
For balanced and sustained industrial development in Madhya Pradesh, MPSIDC has setup five subsidiary companies known as M.P.Audyogik Kendra Vilas Nigam (MPAKVN) located in Bhopal, Indore, Gwalior, Jabalpur & Rewa. It has established many growth centers in Madhya Pradesh. As an organization to promote infrastructure development it has along with IL&FS established the privately operated Rau-Pithampur toll road in India.
Since 1994 the focus of MPSIDC has been infrastructure development to attract and promote industries, both domestic and foreign, in Madhya Pradesh. It has plans to develop and implement infrastructure projects like air cargo complexes, dry ports, express highway, power plants and industrial water supply projects.
MPSIDC is the central point and hub, which coordinates, activates and ensures implementation of mega projects to strengthen and upgrade infrastructure in Madhya Pradesh.