Saturday, July 13, 2024

MIDC Nears Completion of Land Acquisition for Industrial Expansion in Nashik

The Maharashtra Industrial Development Corporation (MIDC) is in the final stages of acquiring 348 hectares of land for industrial development at two locations near Nashik. The target is to complete the land acquisition process by the end of April, enabling the commencement of layout preparation and tender processes for infrastructure development at the earliest. The land acquisition includes 204 hectares at Maparwadi in Sinnar taluka and 144 hectares at Rajur Bahula, situated a few kilometers from Nashik city.

Officials from MIDC have reported that the acquisition process is in the settlement stage, with positive responses from the farmers willing to surrender their land for industrial purposes. The rates for the acquired land have been finalized at Rs 94 lakh per acre for Rajur Bahula and Rs 52 lakh per acre for Maparwadi. The land acquisition is expected to be completed within the next two months, after which the layout and infrastructure development works will commence promptly.

MIDC officials estimate that it will take approximately a year to develop both industrial estates. This move aligns with the strategic vision of boosting industrial growth in Nashik, which is emerging as a manufacturing hub due to its central location between Mumbai and Pune, favorable climatic conditions, and abundant water resources.

Manish Rawal, the Chairman of the aviation committee of Nashik Industries & Manufacturers’ Association (AIMA), has welcomed the decision to expedite the land acquisition process. Rawal emphasized Nashik’s potential as a manufacturing hub and urged MIDC to acquire more land in and around Nashik to attract larger industrial investments.

MIDC has already allotted land for two significant industries at Talegaon-Akrale in Dindori, with a combined investment exceeding Rs 2,500 crore. The ongoing efforts to acquire additional land for industrial expansion signify Nashik’s growing prominence in the industrial landscape of Maharashtra.

Related Articles

Latest Articles