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Pithampur near Indore is known as the Detroit of Madhya Pradesh. [112] [113] Madhya Pradesh Stock Exchange (MPSE) was set up in 1919. It is the only stock exchange in Central India and the third oldest stock exchange in India. It is located in Indore. The National Stock Exchange (NSE) has established an Investor Service Centre in the city. [114]
Rajwada - Also known as the Holkar Palace, Rajwada is a seven-story palace in the heart of Indore. It was built in the 18th century by the Holkar dynasty and is an example of the fusion of Maratha, Mughal, and French architecture. Lal Bagh Palace - Lal Bagh Palace is another palace built by the Holkar dynasty, located on the outskirts of Indore ...
Indore'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 Madhya Pradesh. [1] [2] Indore city extends over the Vijay Nagar, forming East Indore, a continuation of the CBD.
Ustaad Amir Khan (born 15-08-1912), A celebrated Hindustani classical vocalist; referred to his unique style of khyal singing as "Indore Gharana"; born in Indore; Bhalu Mondhe (born 15-03-1944) A Padma Shri awardee photographer, artist and environmentalist who played an important role in restoring the Sirpur Lake, an important bird habitat and a Ramsar site.
Indore has a large-scale factory that produces diesel engines. Pithampur, an industrial town 25 km from Indore, is known as the Detroit of India for its heavy concentration of automotive industry. Indore is recognised as the commercial capital of Madhya Pradesh, and is the main centre for trade in textiles and agro-based products.
Indore State was a kingdom within the Maratha Confederacy ruled by the Maratha Holkar dynasty. [1] After 1857, Indore became a 19- gun salute princely state within the Central India Agency of the Indian Empire under British protection.
On 22 April 1948 Yashwantrao Holkar II signed a covenant with the rulers of the adjoining princely states to form a new state known as Madhya Bharat. Madhya Bharat was created on 28 May 1948. On 16 June 1948, the princely state of Indore, which the House of Holkar ruled, merged with the newly independent Indian states.
Rajwada, also known as the Holkar Palace or Old Palace, is a historical palace in Indore that was constructed by the Holkars of the Maratha empire around 2 centuries ago. An example of the architecture of the time, the palace is a 7 story structure that is placed near the Holkar Chhatris.