CM Devendra Fadnavis at Avada unit
Fadnavis Urges Investment in Nagpur and Chhatrapati Sambhajinagar
During a business fireside chat in Nagpur on Sunday, Chief Minister Devendra Fadnavis emphasized the importance of investing in Nagpur and Chhatrapati Sambhajinagar. He warned industrialists from Mumbai that failing to do so would lead to regret in a decade. Fadnavis’s remarks aim to encourage immediate investment in these regions to capitalize on future opportunities.
Those who don’t invest here will regret it 10 years later,” said Fadnavis. A 2,000-acre central business district modelled around GIFT City was being planned along the Samruddhi Expressway, he said. We have completed 50% land acquisition and will finish the rest in three months, after which infrastructure construction begins,” Fadnavis said. On Gadchiroli, he said Rs 4 lakh crore in investments had come to the district, with a Belgium company signing an MoU for green steel production there. “Once we do this, logistics costs for entire Maharashtra can come below 7%.
Because the latter is now becoming India’s new steel city,” Fadnavis said, there will be no difference between Mumbai and Nagpur, or Mumbai and Gadchiroli,.
Focusing on Nagpur, he said the huge business demand exhausted two extensions of MIDC Butibori zone. It seems we will have to take neighbouring Wardha district too, and we will name it Butibori since it is an extension anyway,” he said. “We will take gas to Gadchiroli through the pipeline we laid along the Samruddhi highway, produce green steel and automobile-grade steel which we currently import in large quantities,” he said. The expressway would also carry a dedicated rail freight corridor linking Vadhvan and JNPT ports through Nashik, Jalna and Wardha dry ports to Gadchiroli, he said. On solar manufacturing, Fadnavis said the investment at Avada solar module factory, where the fireside chat event was hosted, had drawn wider interest. “Now is the time to invest and make Nagpur the country’s largest solar module ecosystem,” he said. Talking about Avada factory, Fadnavis said “When I came here for the bhoomipujan, I did not imagine it would turn out to be a huge success. It is one of the best in India,” he said.
“I am giving it to you in writing, the next big thing is Sambhajinagar or Nagpur. If you are not investing here, you are missing big. “There is not a single plot left. The first additional Butibori is over, the second is over, and now we are working on the third. “The infrastructure will be among the most modern in the country, with utilities going through underground tunnels as in GIFT City.