Maharashtra Signs Multiple MoUs at Nashik Investment Summit

08 May 2026 CW Team

Maharashtra Chief Minister Devendra Fadnavis presided over the signing and exchange of MoUs between the Government of Maharashtra and multiple companies during the ‘Kumbh Udyog Sangam and Nashik District Investment Summit 2026’, according to updates shared on the Chief Minister’s official X (formerly Twitter) handle.

A key announcement included the transfer of land at Jambutke in Dindori Taluka to the Maharashtra Industrial Development Corporation (MIDC) for the development of a Tribal Industrial Cluster. The Tribal Development Department has sanctioned Rs 500 million for the initiative, which is expected to generate skill development and employment opportunities for the local tribal community.

Among the infrastructure-linked projects, VEL, Nagpur, announced a Rs 280 million sustainable water purification project at Kushavart Kund in Trimbakeshwar, while the Central Bank of India signed an MoU worth Rs 41.3 million for a wayfinding and signage system for the Simhastha Kumbh Mela 2027.

Major private investments included the proposed Rs 7.5 billion World Trade Center project in Nashik with an estimated 6,000 jobs, a Rs 4.57 billion agro-processing investment by Sahyadri Farms – Post Harvest Care Ltd., and a Rs 4 billion hospitality investment by Westin Vineyard Resort and Spa expected to create 600 jobs.

Additional investments were announced across logistics, textiles, hospitality, IT, electrical manufacturing and food processing sectors, alongside civic infrastructure upgrades and rural livelihood initiatives involving women’s self-help groups.

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