This was decided at a meeting chaired by the Chief Minister Shivraj Singh Chouhan here yesterday, an official release said.
Finance Minister Raghavji, Principal Secretary, Finance, Ashok Das, Principal Secretary, Revenue Snehlata Shrivastava and Chief Minister's Secretary Anurag Jain also attended the meeting.
The STPI would develop an earth station and incubation facility for Information Technology unit on this land.
In Bhopal, the land would be given at Badwai and in Gwalior at Gangamalanpur. This would provide basic facilities to IT units in the state, it added.