Recent studies rated Nagpur among the fastest growing investment destinations of India as it is focusing on investment opportunities in urban infrastructure,SEZ and MIHAN, multi-modal logistics and tourism infrastructure. A number of mega infrastructure projects coming up in and around Nagpur have changed the city’s profile adn will continue to do so in the future.
One such project is a multi-modal international airport and a multi-product SEZ over 4,025 hectaresbeing developed by Maharashtra Airport Development Company (MADC).
The multi-modal cargo hub project and SEZ, with an estimated investment of $11,625 million, is expected to be a major driver of economic growth not only for Nagpur, but also for the entire Vidarbha region, said MADC vice-chairman and MD RC Sinha.
According to property consultants Jones Lang LaSalle, Nagpur is among top IT/ITeS commercialdestinations among tier III cities. IT majors like TCS, Wipro, Satyam, HCL and Hexaware Techhave purchased around 500 acres for their proposed projects. On the investment front, four major sectors are expected to fetch an investment of around $16,135 million over the next decade or so. The tourism sector has pegged an inflow of $120 million.
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