Nagpur’s industrial push gains momentum, but MSMEs face rising power costs and land hurdles
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nagpur is becoming a major industrial hub, but local MSMEs face high power costs and land issues.
- ✓Julfesh Shah said, “A single large or ultra-mega manufacturing unit can support around 100 to 150 ancillary units.” Despite these hurdles, many big companies started projects that could help small businesses grow soon.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Synopsis
With major industrial investments taking shape across Vidarbha, industry stakeholders believe Nagpur has an opportunity to emerge as a diversified manufacturing and technology centre.
Nagpur and the wider Vidarbha region are emerging as promising industrial investment destinations, with major projects in steel, solar manufacturing, and automobiles expected to create fresh opportunities for micro, small, and medium enterprises (MSMEs) in the region. However, rising industrial electricity tariffs, difficulties in accessing land, and gaps in policy support continue to weigh on smaller businesses, raising questions about the region’s ability to translate large investments into broad-based industrial growth.
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The Economic Times
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