VED demands National Institute of Design in Nagpur

Source: The Hitavada      Date: 08 Jan 2018 10:51:07


 

Business Bureau,

To press for their long pending demand of setting up National Institute of Design in the region, a delegation of the Vidarbha Economic Development Council (VED) recently met Suresh Prabhu, Union Minister for Commerce and Industry and apprised him of the proposal. The delegation comprising Devendra Parekh, President of VED; Shivkumar Rao and Pradeep Maheshwari - both vice presidents of VED; urged the minister to look into the matter at the earliest possible so that the region could see development at rapid pace.


VED raised three issues and the Minister agreed to consider them, assuring that he would look into these issues that would make a big difference to the growth of this region.


VED raised with the Minister the issue of establishing of an NID – National Institute of Design in Nagpur / Vidarbha which VED has been trying to establish in Nagpur/Vidarbha, in order to promote this region as an iconic education hub. The National Institute of Design (NID) is one such which is internationally acclaimed as one of the foremost multi-disciplinary institutions in the field of design education and research.


An NID is the need of the hour in Nagpur as there is a large creative pool available here. Nagpur is a fast-developing iconic education hub and the establishment of an NID would benefit this region by giving opportunities to the creative talent pool.


Among the other issues raised was establishing of the Nagpur International Convention cum Exhibition-cum Centre (NICE) which VED has been stressing since its inception over two decades ago. VED delegates informed the Minister that the convention centre could be set up in MIHAN area as it has two contiguous, commercial plots of 21 acres and 22 acres i.e. 43 acres. The delegates told the Minister that the land located next to the Administration Building of MIHAN, which is a massive area, is appropriate and suitable for the proposed centre. Also, the peripheral development is already in place in MIHAN.


Apart from these advantages, MIHAN is connected to the national highway, and the Nagpur Metro to be operational in 2018 is just about 200-300 meters from it. The main advantage is the availability of power at subsidized rates. The Wardha Road, Butibori and MIHAN area has become nucleus of growth with a high concentration of traders, MSMEs and Hingna all close-by. All these contribute to the viability of the establishment of such a facility here. VED urged Prabhu to initiate the establishment of this facility in MIHAN.


The last but not the least was the important demand that logistics be granted Industry status by the Central Government. VED has always endeavoured to work for the economic development of Vidarbha and continuing in the same vein, VED sees that Nagpur, because of its 0-mile status, has excellent prospects for Logistics, especially now with GST and further as the Central Government has granted logistics infrastructure status. This development of logistics, it is believed, will give a major boost to both the domestic and export markets, attracting larger international and corporate involvement.


The decision will enable the logistics sector to access infrastructure lending at easier terms with commercial borrowings (ECB), longer tenor funds from insurance companies and pension funds and also make it eligible to borrow from the India Infrastructure Financing Co. Ltd. (IIFCL).


However, for giving an impetus to Logistics in Nagpur this status in inadequate because of certain limitations that are imposed with reference to investment amounts and land area. Therefore, VED requested that the Government of India should grant Industry status to Logistics so that these interventions would facilitate entrepreneurs from entering this emerging professional arena and Nagpur could develop into a top-class Central India’s logistics hub.


With an industrial status by both Government of India followed by the State Government bottlenecks would get obviated and several procedures would be made easier.
This may be made specifically applicable for Nagpur Metro Region under NMRDA, informs a press release.