Nagpur is a city in the state of Maharashtra, the largest city in the central India. Nagpur is the second capital of Maharashtra and has strategic central location in India as well as the international aviation routes. It has a great agricultural and minerals rich hinterland with huge forests.
Nagpur city is one of the biggest educational and business center of central India. Nagpur has excellent roads, water, power and telecommunication infrastructure. It has about 45 engineering colleges and about 13 medical colleges in and around the city. Every year about 10,000 Engineers and about 3,000Doctors are graduating from these colleges.
Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) is an airport project for Dr. Babasaheb Ambedkar International Airport, Nagpur. It is the biggest economical development.Project currently underway in India in terms of investments. The project aims to exploit the central location of Nagpur and convert the present airport into a major cargo hub with integrated road and rail connectivity.
This Project consists of "Two Parts":
An International airport to act as a cargo hub and A Special Economic Zone(SEZ) with residential zone covering a total area of 40.25 km² on the southern end of Nagpur.
The Government of Maharashtra formed a special purpose entity in the name of Maharashtra Airport Development Company (MADC) for development of MIHAN. The project is financed by multiple Indian banks with total loan amount of INR 3,000 million along with investment from state government and Airports Authority of India.With a projected target of serving 14 million passengers and handle 0.87 million tones of cargo this is one of largest aviation project in India[. The estimated capital cost of the project is INR 2581 crores (by year 2035) and is supposed to generate revenues INR 5280 crores.
A new SEZ of 2086 hectares, the largest multi-product SEZ in India, would be built alongside the airport. Out of 2086 hectares, 1472 hectares would be used by various processing units to be set-upand remaining 614 hectares for service sector units. Like all SEZs it will have financial incentives and soft taxation policy to attract investment. The initial set-up material for these units and later raw material will be duty-free. Major sections of SEZ would be -
SEZ will have residential zone adjoining it to take advantage of the various developments in SEZ. An international school would impart education to MIHAN employee children.
It would have other recreational facilities like golf course, flying club, and multiplex theatre complex.
|Sical Logistics Ltd & Gupta Group of Companies||148.29|
|Quality Care India Ltd.||74.00|
|D Y Patil Group||24.73|
The Hingna industrial estate located on the western fringes of the city is made up of around 900 small and medium industrial units. The major ones among them are tractor manufacturing plant of and Mahindra, casting units of NECO Ltd. (the country's largest casting group Combustion, Bajaj Auto group, Candico(the second largest confectionery manufacturing plant in India , Ajanta toothbrushes, and Sanvijay Group (largest steel rolling group of companies for long products in Central India).
Other Highlights of Nagpur:
Nagpur is home to Indian dry food.Nagpur has a number of successful companies like: Solar Industries, Murli Agro, Sunil Hitech,Navbharat etc. Deekshabhoomi, the largest hollow important place of dalit buddhist movement.
Five Star Hotels like: Hotel Nagpur Ashok, The Pride Hotel, Sun Taj Hotel have already marked their presence in the Orange City.
The Vidarbha Cricket Association :A new stadium of VCA called Vidarbha Cricket Association Stadium is having a seating capacity of 45,000 people at cost of Rs.75 crore.Empress City an integrated city spread across a sprawling area of 25 acres Nagpur city. This township encompasses shopping mall with multiplex, IT Park, commercial centres, luxury apartments and a 5-star hotel. Recent developments in the city. City has 4 multiplexes Inox Wardhman Nagar, Sangam Adlabs Sakkardara.