The Multi-modal International Cargo Hub and Airport at Nagpur Special Economic Zone (MIHAN-SEZ) has attracted fresh investment as four Nagpur based companies secured land parcels to set up new facilities, bringing in an investment of about Rs 1.5 billion (bn) and expected to create around 400 jobs. Officials said about 17.5 acres of land have been allotted to the four companies within the SEZ. They intend to complete construction by the end of next year, paving the way for expanded industrial activity in the zone.

Among the new entrants V-5 Ideas Pvt Ltd has been allotted a 13 acre plot in Sector 11; the company works in lithium ion battery technology and has been operating from Katol Road since 2023, undertaking hardware consultancy and research in natural sciences and engineering. Bhagyashree Home Appliances Pvt Ltd has secured 2.5 acres in Sector 12A and currently functions from Hingna, supplying aircraft components to companies operating in MIHAN including Tata Cummins Limited and DRAL. Relocation to the SEZ is expected to improve the firm’s supply chain efficiency and enhance export potential.

Ideal Mockups Pvt Ltd, which has been operating from Hingna since 2011, has been allotted one acre in Sector 18 and specialises in industrial design and consumer product prototyping. Anitra, a software firm currently based in Butibori, has also secured one acre in Sector 18 to establish its new facility. The pattern of allocations reflects a spread of manufacturing and technology activities within the SEZ that complement existing industrial clusters.

Officials from Maharashtra Airport Development Company, which manages the MIHAN project, said the companies will be given a four year window to complete construction, though many are expected to finish their facilities within one to two years. They indicated that the new units are likely to generate around 400 jobs within the MIHAN-SEZ once operational and that the availability of robust infrastructure and logistics facilities continues to attract new investment to the zone. The new allotments are expected to accelerate local industrial growth and support regional employment.