Maharashtra Chief Minister Devendra Fadnavis delivered a strong pitch to investors on Sunday, positioning Nagpur and Chhatrapati Sambhajinagar as the state's next major growth frontiers. According to reports from PTI, Fadnavis addressed industrialists at an Avaada group event in Nagpur, stating that investors sitting on the fence about Vidarbha and Marathwada regions are missing significant opportunities. The CM warned that those who don't invest in these areas within the next 10 years will regret their decision. As per PTI, Fadnavis emphasized that the government is developing a new integrated ecosystem in Maharashtra to attract investors from Mumbai's saturated investment landscape.
Central to the government's infrastructure expansion is New Nagpur, a township being developed near the Samruddhi Expressway with ambitious plans to serve as Vidarbha's equivalent to Mumbai's BKC. As reported by PTI, the project spans close to 2,000 acres and draws direct inspiration from GIFT City's underground utility network, with Fadnavis specifically highlighting this design choice as the standard New Nagpur is being built to match. The CM framed this as a sector-agnostic initiative, preparing groundwork for potential tenants including Global Capability Centres, advanced manufacturing units, or broader smart-industry players. According to PTI, 50 per cent of land acquisition is completed for the New Nagpur project, with the remaining portion expected to fall into place over the coming three months.
New Nagpur will feature the most modern infrastructure available, including underground utility networks similar to GIFT City, where all utilities run through tunnels. As reported by PTI, Fadnavis emphasized that the government is preparing the entire ecosystem for various sectors, whether it's Global Capability Centres, advanced manufacturing, or smart industry players. The CM stated that infrastructure development will begin after the remaining land acquisition is completed, creating an ecosystem where investors from Mumbai will inevitably want to come. This represents a deliberate strategy to pull investors away from Mumbai's saturated investment landscape toward Maharashtra's interior regions.
