Govt approves Rs 20 crore for IT park facility in Nashik
Real Estate

Govt approves Rs 20 crore for IT park facility in Nashik

Satish Kulkarni, Nashik Mayor, told the media that the central government had approved the grant of Rs 20 crore for developing a common facility centre (CFC) for the proposed IT park in Nashik.

He said that the Nashik Municipal Corporation (NMC) is organising a meeting on the IT sector, chaired by the Minister of Micro, Small and Medium Enterprises (MSMEs), Narayan Rane. NMC would also sign a Memorandum of Understandings (MoUs) with some IT firms.

Recently, NMC invited Expression of Interest (EoI) to develop an IT park within the limits of NMC in a joint venture (JV), where the residents have land with 50 acres or more.

Kulkarni said that the corporation had received a good response from the landowners who provided 335 acres of land on lease for 33 years.

He added that the Ministry approved Rs 20 crore to develop a CFC at the IT park. The corporation has made additional funding of Rs 100 crore from the government.

The proposed IT park facility is the brainchild of Kulkarni, who had called a special general body meeting of the civic body on this issue last year to take approval.

He said that the department is expecting 100 IT units to attend the conference that will be held in Nashik.NMC will sign MoUs with the IT firms to set up their base facility in Nashik.The Ministry will also appeal to the IT firms to develop their satellite units in the IT park with around 300-500 employees.

Image Source

Also read: NMC provides 3 months extension for offline building plans approval

Satish Kulkarni, Nashik Mayor, told the media that the central government had approved the grant of Rs 20 crore for developing a common facility centre (CFC) for the proposed IT park in Nashik. He said that the Nashik Municipal Corporation (NMC) is organising a meeting on the IT sector, chaired by the Minister of Micro, Small and Medium Enterprises (MSMEs), Narayan Rane. NMC would also sign a Memorandum of Understandings (MoUs) with some IT firms. Recently, NMC invited Expression of Interest (EoI) to develop an IT park within the limits of NMC in a joint venture (JV), where the residents have land with 50 acres or more. Kulkarni said that the corporation had received a good response from the landowners who provided 335 acres of land on lease for 33 years. He added that the Ministry approved Rs 20 crore to develop a CFC at the IT park. The corporation has made additional funding of Rs 100 crore from the government. The proposed IT park facility is the brainchild of Kulkarni, who had called a special general body meeting of the civic body on this issue last year to take approval. He said that the department is expecting 100 IT units to attend the conference that will be held in Nashik.NMC will sign MoUs with the IT firms to set up their base facility in Nashik.The Ministry will also appeal to the IT firms to develop their satellite units in the IT park with around 300-500 employees. Image Source Also read: NMC provides 3 months extension for offline building plans approval

Next Story
Real Estate

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Next Story
Infrastructure Transport

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Next Story
Technology

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement