NASIK: The district, which until the last decade was unable to fetch any new investments due to paucity of land, is emerging as the next hot industrial destination not only in the state, but in the country as well. The new multi-product special economic zone (SEZ) at Sinnar and the additional industrial estate coming up at Talegaon-Akrale, near Nashik, are likely to attract around Rs 10,000 crore industrial investments in the coming five years, and provide around 25,000 jobs.
The multi-product SEZ at Sinnar, 35km from Nashik, may alone attract close to Rs 8,000 crore investment in its processing zone of 1,500 acres (of total 2,500 acres). The SEZ already has in its kitty seven new industrial projects expected to be operational in a year or two. Besides, an additional industrial estate of the Maharashtra Industrial Development Corporation (MIDC) is coming up on 500 acres at Talegaon-Akrale villages near Nashik. It is being estimated that the project will attract around Rs 2,000 crore investment.
Speaking to TOI, sources from IndiaBulls, the company which has developed the SEZ project at Sinnar, said, “We have already commenced with the allotment of industrial plots in the processing zone of around 1,500 acres. The land has been allotted to seven industries, which are investing around Rs 150 crore. Plots with sizes warying from half an acre to two acres have been allotted to these industries, which are expected to be operational in a year or two.”
The sources added, “Of the total 1,500 acres in the processing zone, around 1,200 acres will be available to the industries. We have allotted around 12 acres to seven industries so far. The industrial investment in the SEZ is estimated at Rs 8,000 crore in the coming five years.”
A Japanese compnay, Koso Group, is setting up an engineering unit for manufacturing chokes and valves on 2 acres of land at an initial investment of Rs 20 crore in phase I. It will be 100% Export Oriented Unit (EoU) and will generate employment for 100 people. Besides, Mumbai-based A N Corp is setting up a lubricant oil unit, while Nashik-based Fox Solutions is in the process of launching an engineering unit at the SEZ. The companies have been allotted two acres each to set up the units. A Gurgaon-based information & technology firm, IB Technology, is setting up an IT unit in the SEZ, for which, half-an-acre land has been allotted. the unit is expected to be operational by the end of the current financial year.
Three more companies setting up projects in Sinnar SEZ include Jalgaon-based food processing company Cogta Exports, Sinnar-based Chandra Bhaga Metals that will set up a wine bottle lid manufacturing unit, and Agrawal IMPEX Pvt Ltd that will set a unit for recycling scrap metals.
Apart from Sinnar, an additional industrial estate is coming up on 500 acres at Talegaon-Akrale, 18 km from Nashik. The MIDC has already started infrastructural works there and land allotment is expected to begin in the next few months. According to sources from MIDC, “Mumbai-based pharma company Kilitch Healthcare will be the first company setting up its new unit in its proposed industrial estate at an investment of Rs 70 crore. The MIDC’s head office has also given its approval for allotting 12.5 acres to the unit at the estate.” A senior MIDC official said, “Of the 500 acres, around 325 acres would be available for the industry. This new estate is expected to attract around Rs2,000 crore investment in the coming years.”
Mumbai-based beer maker Ace Alcobev Pvt Ltd is planning to set up a beer making unit in MIDC’s Godavari Wine Park in Vinchur in Niphad tehsil of the district, 60km from Nashik city. An MIDC official said, “We have allotted 25 acres to the company to set up the beer making unit and investment in the project is expected to be Rs 90 crore.”
South India’s Tams Homely Foods Pvt Ltd is setting up an idli-dosa flour making unit at an investment of Rs 7.80 crore, for which MIDC has allotted 9,784 sq m of plot.
Speaking to TOI, president of the Nashik Industries & Manufacturers’ Association (NIMA) Sanjiv Narang said, “Nashik’s industrial development has been hampered due to non-availability of land in the past decade. But the multi-product SEZ and the new industrial estate coming up at Dindori will attract huge industrial investment and boost the district’s industrial sector. This will not only provide employment opportunities but will also boost ancillary units nearby Nashik.”
We have already commenced with the allotment of industrial plots in the processing zone of around 1,500 acres. The land has been allotted to seven industries, which are investing around Rs 150 crore