cafe nasik

Saturday, Apr 29th

Last update06:46:11 PM GMT

You are here: Business Industries Expansion Plan Worth Rs 500 Crore Stopped; Cause Not Available Land

Expansion Plan Worth Rs 500 Crore Stopped; Cause Not Available Land

Expansion Plan Worth Rs 500 Crore Stopped; Cause Not Available Land

Due to lack of enough land for expansion plans of about 500 Small and Medium Enterprises (SMEs), worth nearly Rs 500 crore, have been stopped.

The development of the industry has come to idle due to not getting enough of land in industrial areas of Maharashtra Industrial Development Corporation(MIDC) in Nasik. Several industries are planning to set up their base in Nasik, but land required is not available is the major hurdle. Existing industries are too incapable to increase manufactures due to this.

A top government official said that around 500 SMEs from Ambad and Satpur industrial areas of MIDC have made enquiries for additional land for their expansions, estimated at around Rs 500 crore. These units have expansions plans with an investment ranging from Rs 50 lakh to Rs 4 crore each. But, lack of land in industrial areas of Nasik has affected their expansion plans. The MIDC is in the procedure of purchasing land at several locations in the district and it will take some time. But, at the moment, land is not available for the industry.

There are around 3,000 small, medium and large units in Ambad and Satpur industrial area of MIDC, together with 2,700 small and micro units. The development of Pune and Mumbai has by now reached saturation levels. Consequently, Nasik has become the next destination for industry expansions.

Suresh Mali, president of Ambad Industries & Manufacturers' Association (AIMA), said, that the growth of the industry is not satisfactory and has stopped due to lack of land. Even existing units in Ambad and Satpur MIDC have no land for expansion. Several new industries are not able come here because land require for expansion is not available./p>

Beauty

Beverages

Recreation