Investment Opportunities at Nagpur

Nagpur city can be aptly called “ZERO MILE CITY” of India due to its geographical location. Nagpur city is located on the crossings of the country’s North-South & East-West Broad Gauge Track, Rail Routes & National Highways (NH6 – Mumbai – Calcutta & NH7 Kasmir – Kanyakumari) and lies on the major National & International air route corridor. Nagpur has one of best infrastructure in the form of roads, modern airport, most connected railway station, several educational institutions including 10 engineering colleges, 5 medical colleges and host of other institutions, a developed trade mandi for agriculture produce, steel and many other products.

Hence, today Nagpur city offers a most economically viable location for establishment of Multi-model trans-shipment hub for industrial and agro commodities in the country. International Air Cargo Complex, as it lies in the middle of Middle East-South East Asian Air Cargo/Passenger Routes. In conjunction with accessibility to the vast Indian market through multi-model trans-shipment hub, Nagpur Cargo Complex would be equidistant from three major Asian economic blocks of Middle East, South-East Asia and newly formed Central Asian countries of CIS block.

Industrial enterprise to cater to the National Market where transport/distribution cost is a major of manufacturing cost.

Investment opportunities for a proposed six lane highway from Nagpur to Mumbai.

The Emergence of Butibori Industrial Estate & ‘Meghdoot’

Just 14 Kms. from Municipal limits of Nagpur city is Butibori, tipped as the largest industrial esate in Asia, which is spread over an area of 2500 Hectares. A further 2000 Hectares of New Butibori adds on the massive development plans for the future. Units like Indo Rama, Acc Nihon, Woolworth, Fabworth, Whirlpool, Morarjee Mills, KEC, Dinshaws have already commenced operation with other industry giants waiting in the wings. Soon Nagpur will stretch to Butiburi, to make it one single large entity.

Government of Maharashatra declared and developing Butibori with five star facilities to attract NRI investment. A large area is already earmarked under privatisation for industrial township by NRIs.

City & Industrial Development Corporation (CIDCO) of Maharashtra is developing the 9300 Hectares “New Nagpur” township called “Meghdoot”. It is at a distance of around 12 Km. from Nagpur on National Highway No. 7. Meghdoot, near Butibori is a novel attempt to ensure development of a modern township with the involvement of the farmers on whose lands it will come up. The Chief Minster of Maharashtra had laid the foundation stone of the project on 11th March, 1973 This new Nagpur is planned with a idea to accomodate nearly 8 lakhs people. A golden opportunity to invest in this Meghdoot for Housing, Commercial Complex, Hospitals & Hostels.

CIDCO is out to develop a model on around a 100 Hectares within the township. For the remaining land. CIDCO will lay infrastructural facilities like electricity, water supply, roads, drainage & thepeople will be free to create housing & commercial complexes based on the 100 Hectares CIDCO model. Further the department plans to construct a super highway connecting Butibori Industrial estate to Nagpur Airport & extend it upto Kalmeshwar, another industrial estate.

Nandgaonpeth Chemical Zone

Nandgaonpeth Industrial Area, about 140 Kms. from Nagpur in Amravati region is being developed as a Chemical Zone. It is spread over 2800 Hectares. 50% land of this area has been acquired. MIDC has already taken possession of 1700 Hectares. Infrastructure development such as Roads, Water supply etc. is in progress. It is expected to completed with a year. MIDC has taken up this on war footing with the object of making it a Chemical Zone of International standard.

All amenities required by industries and especially Chemical industries will be provided by the M.I.D.C. The MIDC would ensure that the effluents of the chemical plants are properly treated and safely disposed off. It has also been planned to carry out large scale afforestation in the zone in order to maintain healthy environment in and around the chemical zone.