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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code