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

ICMM CEO Rohitesh Dhawan Visits Hindustan Zinc

Hindustan Zinc, India’s only and the world’s largest integrated zinc producer, hosted Rohitesh Dhawan, President & CEO of the International Council on Mining and Metals (ICMM), at its flagship Sindesar Khurd Mine (SKM) in Rajasthan. The visit follows Hindustan Zinc’s induction as the first Indian company into ICMM, marking a significant milestone for India’s mining sector on the global sustainability stage.Dhawan, accompanied by run Misra, CEO of Hindustan Zinc, and the senior leadership team, toured Sindesar Khurd Mine – the world’s fourth-largest silver-producing mine – to ..

Next Story
Infrastructure Urban

Amit Gupta Appointed CFO of Vedanta Jharsuguda Unit

Vedanta Aluminium has announced the appointment of Amit Gupta as Deputy Chief Financial Officer of its aluminium business and Chief Financial Officer of its Jharsuguda unit in Odisha.Gupta has been associated with the Vedanta Group since 2018, beginning as Group Head – FP&A at Vedanta Resources. With over two decades of cross-sector experience, he brings strong expertise in financial strategy, project finance, and business transformation.Prior to this role, he served as CFO of Bharat Aluminium Company (BALCO), where he led finance operations for more than four years. He has also held sen..

Next Story
Infrastructure Energy

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?