In a major boost to industrial growth in the region, ‘Nagpur District Investment Summit’ held here in the city on Thursday witnessed signing of Memoranda of Understanding (MoUs) for investments worth Rs 6,136 crore in the coming financial year. Entrepreneurs have signed MoUs to set up 157 units in the region that are expected to create 7,260 jobs. The proposed investment will be in Gondia and Nagpur districts in sectors like packaging, metal, solar, battery cells, food and agro processing, hospitality, research and innovations, pharma, plastic and defence among others. Under the aegis of Ministry of Industries, Government of Maharashtra, the summit was organised here by Joint Director of Industries, Nagpur for attracting investments.

 

 

Similar investment summit held last year saw MoUs worth Rs 4,600 crore for setting up 42 units. Out of these, 27 units have already started operations and work on the remaining 15 units is in the advanced stages. Vijayalakshmi Bidari, Divisional Commissioner, Nagpur, was the chief guest while Gajendra Bharti, Joint Director of Industries, Vidarbha, presided over the programme. S S Muddamwar, General Manager, DIC, Nagpur; Manohar Pote, Regional Manager, MIDC; CA Julfesh Shah, Chairman COSIA; P Mohan, President, MIA; Kishor Malviya, President BMA; Santosh More, DGM, SIDBI; and others were among the prominent persons present on the occasion. Addressing the gathering, Bidari appreciated the efforts taken by Industries Department for promoting industrialisation and entrepreneurship in the region. She also encouraged the stakeholders from various sectors to invest in the region. She assured all support from the Government for smooth implementation of the proposals.

 

Major investors who signed MoUs included Xolopack (Rs 1,200 crore); Inventry Research (Rs 700 crore); PD Properties Taj Gateway (Rs 400 crore); Vithoba Group (Rs 100 crore); Confidence Group (Rs 150 crore); Hilton Group (Rs 175 crore); MMP (Rs 50 crore); Taj Agrika (Rs 45 crore) and others. At the outset, Gajendra Bharti made the introductory remarks. Muddamwar coordinated the MoUs’ signing ceremony. In addition to this, presentation were also made by Bhaskar Murode, E&Y representative from Mumbai on MAITRI.2.0 portal, which has now become operational and is a single window system for all compliances and permissions. Kamal Nayak of National Small Industries Corporation (NSIC) apprised the audience about various schemes beneficial for the industries. Priyanka Shende from SIDBI guided the participants on various finance schemes. A panel discussion was also held on various issues related to industries. Muddamwar proposed a formal vote of thanks.

 

 

Xolopak India Ltd, Shashank Mishra led group will set up two units of paper industry in Gondia with an investment of Rs 950 crore and Rs 225 crore. Another unit in the same sector in the name of Hardoli Paper Mills Ltd will come up in Katol with an investment of Rs 10 crore.