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Maharashtra Bets ₹33,000-Crore Kumbh Push To Turn Nashik Into An Industrial Hub

Officials pair festival works with fresh investments to draw factories, create jobs.

Overview

  • MoUs worth ₹13,190 crore, signed Wednesday with more than 300 investors, aim to create about 32,000 jobs in the district.
  • The state has launched ₹33,000 crore of Kumbh-linked works that include roads, an airport upgrade, a ring road, a dry port, and Godavari cleanup, which the CM says will help build a ₹3 lakh crore Nashik economy within a decade.
  • To ease land bottlenecks, the industries minister announced new MIDC sites in Igatpuri, Rajur Bahula and Manmad covering about 1,300 acres.
  • Officials pointed to an investor pipeline and faster clearances, citing the MAITRI single-window portal with more than 3 lakh applications and a 72% implementation rate on ₹96,000 crore in state MoUs.
  • The government also transferred land to MIDC for India’s first Tribal Industry Cluster at Jambutke in Dindori to spur jobs and skills in tribal areas.