Slowly and surely, industrial base with thrust on manufacturing is taking shape in Nagpur region as Maharashtra Government has signed 40 memorandum of understanding (MoU) with focus on creation of new jobs in the region. Over the next 5-10 years, Government is confident of creating around 1 lakh plus new job openings, as industries with investment in renewable energy, steel manufacturing and aircraft maintenance are about to take shape. Since 2021, Maharashtra Government signed nearly 170 memorandum of understanding (MoU), of which 38 new units are eyeing to set up their bases in Nagpur area alone. Big names in the industry like Surjagad Ispal Pvt Ltd, M/s Lloyds Metals and Energy Ltd, Renew Power, OFB Tech Pvt Ltd, Waaree Energy are in different stages of converting their MoU in reality. Sharing the data with Abhay Kolarkar under RTI, Maharashtra Industries Development Corporation (MIDC) shed light on current status of agreement signed over last few years with industries. As to Waaree Energy-Sangam Solar, the company is looking forward to investment of around Rs 3000 crore and MIDC has allotted them land in Butibori Industries Estate.

 

The company is going to set up base for manufacturing renewable energy components, including solar panels and other associates modules. The company is a big name in renewable energy sector and is among many other small and medium players who have zeroed in on Nagpur for establishing their new units as India is scaling up its manufacturing capacity in the sector. The company has said when the unit is fully functional, total employment would reach upto 10,000. Renaissance Solar and Electronic Material too is setting base in Nagpur with projected outlay of Rs 5000 crore and employment for upto 1300 persons.

 

e company is currently scouting for suitable land and MIDC officials have given some prime locations that are under evaluation. Another major investment is that of Lloyd Metal and Energy with projection of Rs 16,580 crore to create job potential of 3500 and they are also on lookout for suitable land parcel. One major unit that has started construction is Pernod Ricard India Pvt Ltd that is setting base in Butibori area. It is putting in Rs 1785 crore of investment that would create employment for 800 persons. Similarly, for Million Steel Pvt Ltd, the land has been allotted and outlay by company is of Rs 250 crore with potential for 350 jobs. A cursory look at the data shared by MIDC reveals that from 38 industries that have confirmed investment in Nagpur region, the project is at primary stages. In maximum cases, the land allotment process is under review as in Nagpur, a new region might need to be identified for providing base to industries as Butibori and Additional Butibori are nearly full. Among the investment, the proposal of Surjagad Ispat Pvt Ltd is quite ambitious as they promised to employ 8000 persons. Its investment is to tune of Rs 10,000 crore, with an aim of establishing a smelting unit manufacturing steel products. MIDC has already completed land allotment to the company. The project of Mallika Steel and Power Ltd has also received necessary land parcel. They are going to employ 900 persons. Another industry with similar specification is proposal of SMW Ispat Pvt. Ltd that has committed investment of Rs 1582 crore with potential to create 1500 jobs and it has already commenced production in Wardha district.