Govt to acquire 11,000 Ha for expansion of Nagpur, Amravati MIDCs

Business Bureau

MAHARASHTRA State Industries Minister Uday Samant announced various bold initiatives and proposals to boost industries, create employment and attract big ticket investments in Maharashtra. The announcements include acquisition of approximately 11,000 hectare land for expansion of MIDCs at Nagpur (5,685 hectares) and Amravati (4,445 hectares). The land will be made readily available for mega industries, new industries and existing industries, said Samant. Samant also announced allocation of Rs 100 crore to MIDC Butibori for developing road infrastructure and Rs 200 crore to MIDC Bhadravati, Chandrapur for infrastructure development. In another major boost for Amravati disrict, the Industries Minister announced a proposal to create a Tribal Cluster at Melghat with an investment of Rs 45,000 crore. Samant was speaking at a press conference on the sidelines of the ‘Presentation on Comprehensive Development Control and Promotion Regulations (CDCPR-2023)’ organised by MIDC, Regional office Nagpur at Hotel Centre Point, on Wednesday.

Samant said that the new Development Control Regulations has been introduced after 2009 to create an industrial-friendly environment and address major issues and concerns of industrialists in the State. Dr Vipin Sharma, Chief Executive Officer (CEO), Maharashtra Industrial Development Corporation (MIDC), P Malikner, Joint Chief Executive Officer, MIDC and Pratibha Bhadane, Joint Director of Town Planning and Chief Planner of MIDC were also present. Samant said that the State Government had signed memorandum of understandings (MoUs) majorily in the steel sector and investments in the last one year in Vidarbha region. Five companies namely Varad Ferro Alloys Pvt Ltd with an investment of Rs 1,520 crore (create 1,400 jobs), Lloyds Metal and Energy Ltd Rs 5,700 crore (create 2,050 jobs), Lloyd Metal and Energy Ltd Rs 14,000 crore (create 4,000 jobs), Rajuri Steels and Alloys India Pvt Ltd Rs 265 crore (create 240 jobs), and New Era Clean Tech Solution Pvt Ltd Rs 20,000 crore (create 15,000 jobs) will come with a total investment of 41,485 crore that would generate about 22,690 jobs.

The State Government has also signed MoUs and Express of Interest (EOIs) with ReNew Power worth Rs 18,000 crore to establish one of the largest metallurgical grade silicon, polysilicon and ingot wafer manufacturing facilities in Nagpur. MIDC has also signed a strategic MoU with the Vidarbha Defence Industrial Association (VDIA) to bring essential competencies to the Vidarbha region and position it on the global map in defence procurement and aviation sector. Samant assured to appoint a Joint CEO, MIDC at MIDC office in Nagpur. The Industries Minister said that that Prime Minister Narendra Modi would be coming in September to inaugurate the Textile Park in Amravati. Samant claimed, Maharashtra State has reclaimed the number 1 spot to attract foreign investment in the country with over Rs 1.18 lakh crore this year followed by Karnataka and Gujarat. “This shows the State Government’s will and seriousness to take bold and quick decisions to boost the industrial development in the State,” Samant added.

Taking reactions from leading industrial associations on the sidelines of the programme, CA Julfesh Shah, Chairman COSIA, Vidarbha said that the new DCRPC rules of MIDC notified on July 5 has taken care of most of the aspects and issues of the industrial unit holders. He said that major concern regarding increase in FSI and BCC norms are now bit relaxed and will provide some relief to the industrial unit holders. Goods and Services Tax (GST) on transfer of plots on unit to unit basis in MIDC are still not resolved and needs to be clarified on top priority basis. Taking reactions from leading industrial associations on the sidelines of the programme, CA Julfesh Shah, Chairman COSIA, Vidarbha said that the new DCRPC rules of MIDC notified on July 5 has taken care of most of the aspects and issues of the industrial unit holders. He said that major concern regarding increase in FSI and BCC norms are now bit relaxed and will provide some relief to the industrial unit holders. Goods and Services Tax (GST) on transfer of plots on unit to unit basis in MIDC are still not resolved and needs to be clarified on top priority basis.