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
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?