Wednesday, December 31, 2008

Investment opportunities in Nagpur - international summit on January 15-16

Nagpur — the Growth Nucleus of India

The Vidarbha Economic Development Council, in association with The Economic Times, has planned a two-day international summit on investment opportunities in Nagpur on January 15-16.

Titled ‘Nagpur — the Growth Nucleus of India’, the summit will focus on investment opportunities in urban infrastructure, SEZ and MIHAN, multi-modal logistics and tourism infrastructure. Deloitte is the knowledge partner. The summit comes against the backdrop of recent studies that rated Nagpur among the fastest-growing investment destinations of India. A number of mega infrastructure projects coming up in and around Nagpur have changed the city’s profile.

One such project is a multi-modal international airport and a multi-product SEZ over 4,025 hectares being 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 commercial destinations among tier III cities. IT majors like TCS, Wipro, Satyam, HCL and Hexaware Tech have 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.
To read more, please, visit - The Economic Times

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